Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 1,558.6 | 2,363.0 | 2,339.0 | 1,918.2 | 1,257.3 | 1,452.6 | 2,424.2 | 1,998.1 |
Revenue growth | -34.0% | 1.0% | 21.9% | 52.6% | -13.4% | -40.1% | 21.3% | 23.0% |
Cost of goods sold | 3,016.3 | 2,363.1 | 1,195.7 | 1,086.2 | 1,754.6 | 5,386.8 | 1,514.7 | 1,144.1 |
Gross profit | -1,457.8 | -0.2 | 1,143.3 | 832.0 | -497.2 | -3,934.2 | 909.5 | 854.0 |
Gross margin | -93.5% | 0.0% | 48.9% | 43.4% | -39.5% | -270.8% | 37.5% | 42.7% |
General and administrative | 111.0 | 95.8 | 80.9 | 80.0 | 73.9 | 74.7 | 81.2 | 77.5 |
EBIT | -1,569.6 | -115.3 | 1,047.0 | 750.7 | -571.9 | -4,009.8 | 813.9 | 895.6 |
EBIT margin | -100.7% | -4.9% | 44.8% | 39.1% | -45.5% | -276.0% | 33.6% | 44.8% |
Pre-tax income | -2,326.4 | -151.0 | 1,022.5 | 682.0 | -623.2 | -4,051.3 | 805.9 | 893.7 |
Income taxes | -358.9 | -26.4 | 230.7 | 187.7 | -214.4 | -1,471.7 | 298.7 | 329.0 |
Tax rate | 15.4% | 17.5% | 22.6% | 27.5% | 34.4% | 36.3% | 37.1% | 36.8% |
Net income | -1,967.5 | -124.6 | 791.9 | 494.3 | -408.8 | -2,579.6 | 497.3 | 553.6 |
Net margin | -126.2% | -5.3% | 33.9% | 25.8% | -32.5% | -177.6% | 20.5% | 27.7% |
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Diluted EPS | ($19.67) | ($1.25) | $8.44 | $5.29 | ($4.38) | ($27.74) | $5.80 | $6.49 |
Shares outstanding (diluted) | 100.0 | 99.7 | 93.8 | 93.5 | 93.4 | 93.0 | 85.7 | 85.3 |
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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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