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 | 4,070.1 | 3,326.4 | 3,411.0 | 3,228.0 | 3,017.5 | 3,050.6 | 3,119.2 | 2,987.1 |
Revenue growth | 22.4% | -2.5% | 5.7% | 7.0% | -1.1% | -2.2% | 4.4% | -1.2% |
Cost of goods sold | 1,793.4 | 1,627.1 | 1,566.6 | 2,074.9 | 1,822.1 | 1,838.9 | 1,881.7 | 1,894.7 |
Gross profit | 2,276.8 | 1,699.2 | 1,844.4 | 1,153.0 | 1,195.4 | 1,211.7 | 1,237.5 | 1,092.4 |
Gross margin | 55.9% | 51.1% | 54.1% | 35.7% | 39.6% | 39.7% | 39.7% | 36.6% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 532.6 | 564.1 | 545.4 | 466.0 | 425.3 | 397.1 | 371.9 | 364.9 |
EBIT | 643.0 | 96.6 | 290.4 | 175.3 | 234.3 | 292.7 | 325.4 | 240.9 |
EBIT margin | 15.8% | 2.9% | 8.5% | 5.4% | 7.8% | 9.6% | 10.4% | 8.1% |
Pre-tax income | 694.4 | 141.2 | 328.3 | 210.6 | 268.7 | 328.7 | 362.5 | 271.7 |
Income taxes | 74.0 | -17.8 | -165.3 | 29.6 | 25.7 | 83.4 | 96.0 | 80.7 |
Tax rate | 10.7% | | | 14.1% | 9.6% | 25.4% | 26.5% | 29.7% |
Net income | 620.4 | 159.0 | 493.7 | 181.0 | 243.0 | 245.3 | 266.5 | 191.0 |
Net margin | 15.2% | 4.8% | 14.5% | 5.6% | 8.1% | 8.0% | 8.5% | 6.4% |
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Diluted EPS | $23.07 | $5.91 | $18.31 | $6.71 | $9.02 | $9.11 | $9.90 | $7.11 |
Shares outstanding (diluted) | 26.9 | 26.9 | 27.0 | 27.0 | 27.0 | 26.9 | 26.9 | 26.9 |
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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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