Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 5,844.9 | 5,420.1 | 5,102.8 | 4,890.7 | 4,494.3 | 4,267.9 | 4,053.9 | 5,034.0 |
Revenue growth | 7.8% | 6.2% | 4.3% | 8.8% | 5.3% | 5.3% | -19.5% | -0.7% |
Cost of goods sold | 5,324.6 | 4,706.5 | 4,380.0 | 538.9 | 522.1 | 509.5 | 498.6 | 631.0 |
Gross profit | 520.3 | 713.6 | 722.8 | 4,351.8 | 3,972.2 | 3,758.4 | 3,555.3 | 4,403.0 |
Gross margin | 8.9% | 13.2% | 14.2% | 89.0% | 88.4% | 88.1% | 87.7% | 87.5% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 3,829.7 | 3,689.7 | 3,465.5 | 3,489.3 | 3,963.6 |
EBIT | 520.3 | 713.6 | 716.6 | 522.1 | 254.3 | 292.9 | 29.1 | 475.9 |
EBIT margin | 8.9% | 13.2% | 14.0% | 10.7% | 5.7% | 6.9% | 0.7% | 9.5% |
Pre-tax income | 144.0 | 521.3 | 444.8 | 522.1 | 282.5 | 292.9 | 66.0 | 439.4 |
Income taxes | 27.2 | 101.3 | 82.8 | 93.1 | 43.5 | 76.8 | -1.0 | 108.6 |
Tax rate | 18.9% | 19.4% | 18.6% | 17.8% | 15.4% | 26.2% | | 24.7% |
Earnings from continuing ops | 116.8 | 420.0 | 362.0 | 429.0 | 239.0 | 216.1 | 67.0 | 330.8 |
Earnings from discontinued ops | | | | | | | | 0.7 |
Net income | 116.0 | 418.7 | 358.7 | 425.1 | 391.0 | 186.2 | 155.1 | 331.5 |
Net margin | 2.0% | 7.7% | 7.0% | 8.7% | 8.7% | 4.4% | 3.8% | 6.6% |
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Diluted EPS | $3.24 | $11.54 | $9.50 | $10.57 | $1.86 | $1.68 | $1.55 | $7.38 |
Shares outstanding (diluted) | 36.1 | 36.4 | 38.1 | 40.6 | 128.4 | 128.5 | 43.2 | 44.8 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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