Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 5,115.4 | 5,713.1 | 5,852.9 | 0.0 | 5,598.6 | 5,647.6 | 5,775.5 | 5,908.3 |
Revenue growth | -10.5% | -2.4% | | -100.0% | -0.9% | -2.2% | -2.2% | 42.3% |
Cost of goods sold | 7,992.9 | 5,416.5 | 7,443.5 | 4,826.0 | 145.2 | 156.6 | 183.9 | 206.6 |
Gross profit | -2,877.5 | 296.6 | -1,590.6 | -4,826.0 | 5,453.4 | 5,491.0 | 5,591.6 | 5,701.7 |
Gross margin | -56.3% | 5.2% | -27.2% | | 97.4% | 97.2% | 96.8% | 96.5% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 5,110.7 | 5,165.8 | 4,795.2 | 5,049.0 |
EBITA | -3,298.1 | -19.1 | -2,245.0 | -301.5 | 271.0 | 207.9 | 615.7 | 604.0 |
EBITA margin | -64.5% | -0.3% | -38.4% | | 4.8% | 3.7% | 10.7% | 10.2% |
Amortization of intangibles | 171.0 | 225.8 | 241.0 | 185.2 | 220.2 | 256.1 | 291.2 | 342.0 |
EBIT | -3,469.1 | -244.9 | -2,486.0 | -486.7 | 50.8 | -48.2 | 324.5 | 262.0 |
EBIT margin | -67.8% | -4.3% | -42.5% | | 0.9% | -0.9% | 5.6% | 4.4% |
Pre-tax income | -3,477.8 | -273.9 | -2,524.7 | -523.5 | 43.4 | -64.6 | 340.3 | 265.3 |
Income taxes | -320.0 | 449.1 | -408.1 | -140.0 | 16.0 | -25.1 | 105.3 | 98.2 |
Tax rate | 9.2% | | 16.2% | 26.7% | 36.9% | 38.9% | 30.9% | 37.0% |
Earnings from continuing ops | -3,157.8 | -723.0 | -2,116.6 | -383.5 | 27.4 | -39.5 | 235.0 | 167.1 |
Earnings from discontinued ops | | | | | | | 6.0 | 0.9 |
Net income | -3,157.8 | -723.0 | -2,116.6 | -383.5 | 27.4 | -39.5 | 241.0 | 168.0 |
Net margin | -61.7% | -12.7% | -36.2% | | 0.5% | -0.7% | 4.2% | 2.8% |
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Diluted EPS | ($74.13) | ($17.72) | ($62.62) | ($20.40) | $0.28 | ($0.40) | $2.39 | $0.29 |
Shares outstanding (diluted) | 42.6 | 40.8 | 33.8 | 18.8 | 98.9 | 99.5 | 98.2 | 586.3 |
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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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