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 | 2,025.8 | 2,041.5 | 405.4 | 1,305.1 | 488.6 | 347.7 | 269.5 | 246.1 |
Revenue growth | -0.8% | 403.6% | -68.9% | 167.1% | 40.5% | 29.0% | 9.5% | 10.0% |
Cost of goods sold | 46.0 | 19.1 | 20.6 | 660.5 | 189.4 | 146.1 | 201.6 | 110.4 |
Gross profit | 1,979.7 | 2,022.3 | 384.8 | 644.6 | 299.2 | 201.6 | 67.9 | 135.7 |
Gross margin | 97.7% | 99.1% | 94.9% | 49.4% | 61.2% | 58.0% | 25.2% | 55.2% |
Selling, general and administrative | 103.5 | 146.4 | 73.8 | 55.9 | 61.1 | 7.8 | 23.2 | 22.0 |
General and administrative | | | | | | | 1.9 | |
EBITA | 1,928.5 | 1,957.6 | 311.0 | 590.7 | 316.6 | 210.0 | 48.1 | 117.2 |
EBITA margin | 95.2% | 95.9% | 76.7% | 45.3% | 64.8% | 60.4% | 17.8% | 47.6% |
Amortization of intangibles | 22.0 | 11.7 | | 2.0 | 10.0 | 8.4 | 3.3 | 3.5 |
EBIT | 1,906.5 | 1,945.9 | 311.0 | 588.7 | 306.6 | 201.6 | 44.7 | 113.7 |
EBIT margin | 94.1% | 95.3% | 76.7% | 45.1% | 62.7% | 58.0% | 16.6% | 46.2% |
Pre-tax income | 219.5 | 145.2 | 425.9 | 245.2 | 150.1 | 123.8 | 89.6 | 81.1 |
Income taxes | -6.0 | -15.5 | -1.0 | -33.6 | 42.1 | 37.0 | 27.5 | 24.3 |
Tax rate | | | | | 28.0% | 29.9% | 30.7% | 30.0% |
Net income | 212.8 | 285.5 | 289.3 | 243.0 | 108.0 | 86.8 | 62.1 | 56.8 |
Net margin | 10.5% | 14.0% | 71.4% | 18.6% | 22.1% | 25.0% | 23.0% | 23.1% |
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Diluted EPS | $1.40 | $2.55 | $3.43 | $2.83 | $2.18 | $2.39 | $1.97 | $2.00 |
Shares outstanding (diluted) | 151.9 | 111.8 | 84.3 | 85.7 | 49.6 | 36.4 | 31.6 | 28.4 |
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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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