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 | 6,052.9 | 7,699.0 | 5,739.6 | 4,252.4 | 4,452.1 | 3,507.8 | 2,295.9 | 1,907.8 |
Revenue growth | -21.4% | 34.1% | 35.0% | -4.5% | 26.9% | 52.8% | 20.3% | -5.3% |
Cost of goods sold | 4,859.6 | 6,461.4 | 4,780.2 | 3,414.0 | 3,665.2 | 2,778.1 | 1,892.5 | 1,578.0 |
Gross profit | 1,193.3 | 1,237.6 | 959.4 | 838.4 | 786.9 | 729.7 | 403.4 | 329.8 |
Gross margin | 19.7% | 16.1% | 16.7% | 19.7% | 17.7% | 20.8% | 17.6% | 17.3% |
General and administrative | 139.2 | 130.2 | 123.5 | 119.3 | 132.4 | 94.5 | 45.1 | 41.7 |
EBITA | 524.7 | 640.3 | 408.1 | 352.1 | 305.2 | 344.2 | 186.1 | 144.7 |
EBITA margin | 8.7% | 8.3% | 7.1% | 8.3% | 6.9% | 9.8% | 8.1% | 7.6% |
Amortization of intangibles | 123.7 | 123.5 | 127.1 | 117.0 | 56.0 | | | |
EBIT | 401.0 | 516.8 | 281.0 | 235.1 | 249.2 | 344.2 | 186.1 | 144.7 |
EBIT margin | 6.6% | 6.7% | 4.9% | 5.5% | 5.6% | 9.8% | 8.1% | 7.6% |
Pre-tax income | -43.7 | -0.5 | 130.8 | -572.0 | -1,378.7 | 331.3 | 186.1 | 128.3 |
Income taxes | 2.5 | -2.1 | -24.0 | 1.3 | -0.5 | 22.0 | 67.0 | 46.2 |
Tax rate | | 420.0% | | | 0.0% | 6.6% | 36.0% | 36.0% |
Earnings from continuing ops | -54.3 | -0.5 | 153.7 | -662.1 | -1,405.2 | 135.7 | 2.3 | 163.1 |
Earnings from discontinued ops | | | | | | 1.0 | -2.3 | -5.2 |
Net income | -54.3 | -0.5 | 153.7 | -662.1 | -1,405.2 | 136.7 | 0.0 | 157.9 |
Net margin | -0.9% | 0.0% | 2.7% | -15.6% | -31.6% | 3.9% | 0.0% | 8.3% |
|
Diluted EPS | | $0.00 | $0.44 | ($1.99) | ($4.58) | $0.58 | $0.03 | $2.63 |
Shares outstanding (diluted) | | 351.3 | 348.3 | 333.3 | 307.1 | 233.2 | 76.8 | 62.0 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|