Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 4,734.0 | 4,099.4 | 4,245.3 | 3,975.5 | 3,311.5 | 2,444.5 | 2,163.1 | 2,021.4 |
Revenue growth | 15.5% | -3.4% | 6.8% | 20.1% | 35.5% | 13.0% | 7.0% | 13.3% |
Cost of goods sold | 1,444.1 | 1,345.0 | 1,550.6 | 1,468.8 | 1,320.2 | 945.6 | 839.1 | 797.9 |
Gross profit | 3,289.9 | 2,754.4 | 2,694.8 | 2,506.7 | 1,991.3 | 1,498.9 | 1,324.0 | 1,223.5 |
Gross margin | 69.5% | 67.2% | 63.5% | 63.1% | 60.1% | 61.3% | 61.2% | 60.5% |
Selling, general and administrative | 2,155.7 | 2,039.0 | 2,103.4 | 1,884.1 | 1,599.0 | 1,089.2 | 962.7 | 876.1 |
EBITA | 1,025.4 | 615.2 | 499.8 | 492.2 | 169.9 | 329.9 | 301.3 | 294.4 |
EBITA margin | 21.7% | 15.0% | 11.8% | 12.4% | 5.1% | 13.5% | 13.9% | 14.6% |
Amortization of intangibles | 109.6 | 125.1 | 129.7 | 187.0 | 176.3 | 24.8 | 13.3 | 8.2 |
EBIT | 915.8 | 490.2 | 370.1 | 305.2 | -6.3 | 305.1 | 288.0 | 286.2 |
EBIT margin | 19.3% | 12.0% | 8.7% | 7.7% | -0.2% | 12.5% | 13.3% | 14.2% |
Pre-tax income | 969.9 | 326.1 | 275.7 | 181.1 | -127.8 | 288.4 | 272.2 | 274.7 |
Income taxes | 176.3 | 59.4 | 42.4 | 58.7 | -131.1 | 94.8 | 96.6 | 90.9 |
Tax rate | 18.2% | 18.2% | 15.4% | 32.4% | 102.6% | 32.9% | 35.5% | 33.1% |
Net income | 793.6 | 266.7 | 233.3 | 122.5 | 3.3 | 193.6 | 175.6 | 183.8 |
Net margin | 16.8% | 6.5% | 5.5% | 3.1% | 0.1% | 7.9% | 8.1% | 9.1% |
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Diluted EPS | $9.21 | $2.96 | $2.56 | $1.33 | $0.04 | $2.31 | $2.06 | $2.03 |
Shares outstanding (diluted) | 86.2 | 90.0 | 91.0 | 92.1 | 89.8 | 83.8 | 85.1 | 90.7 |
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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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