Financial Summary (All financials)
In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
Revenues | 2,516.9 | 2,133.7 | 1,918.5 | 1,803.4 | 1,699.6 | 1,485.4 | 1,381.5 | 1,314.5 |
Revenue growth | 18.0% | 11.2% | 6.4% | 6.1% | 14.4% | 7.5% | 5.1% | 2.9% |
Cost of goods sold | 1,924.8 | 1,623.6 | 1,473.8 | 1,394.0 | 1,324.7 | 1,146.9 | 1,050.3 | 973.3 |
Gross profit | 592.1 | 510.1 | 444.6 | 409.4 | 375.0 | 338.5 | 331.2 | 341.2 |
Gross margin | 23.5% | 23.9% | 23.2% | 22.7% | 22.1% | 22.8% | 24.0% | 26.0% |
Selling, general and administrative | 204.7 | 184.0 | 171.5 | 157.9 | 157.2 | 121.1 | 123.5 | 95.7 |
EBITA | 425.1 | 306.2 | 294.2 | 272.4 | 240.6 | 230.7 | 217.0 | 253.4 |
EBITA margin | 16.9% | 14.3% | 15.3% | 15.1% | 14.2% | 15.5% | 15.7% | 19.3% |
Amortization of intangibles | 37.8 | 23.4 | 21.0 | 20.9 | 22.7 | 13.4 | 9.4 | 7.8 |
EBIT | 387.3 | 282.8 | 273.1 | 251.5 | 217.8 | 217.3 | 207.6 | 245.6 |
EBIT margin | 15.4% | 13.3% | 14.2% | 13.9% | 12.8% | 14.6% | 15.0% | 18.7% |
Pre-tax income | 353.2 | 351.6 | 227.6 | 230.4 | 82.6 | 175.9 | 192.3 | 220.2 |
Income taxes | 135.8 | 135.5 | 86.9 | 87.5 | 31.9 | 76.0 | 78.1 | 84.6 |
Tax rate | 38.4% | 38.5% | 38.2% | 38.0% | 38.6% | 43.2% | 40.6% | 38.4% |
Net income | 209.2 | 211.0 | 135.4 | 137.5 | 45.6 | 95.4 | 110.2 | 131.4 |
Net margin | 8.3% | 9.9% | 7.1% | 7.6% | 2.7% | 6.4% | 8.0% | 10.0% |
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Diluted EPS | $2.56 | $2.56 | $1.54 | $1.53 | $0.51 | $1.09 | $1.27 | $1.53 |
Shares outstanding (diluted) | 81.7 | 82.4 | 87.8 | 89.7 | 88.7 | 87.4 | 87.1 | 86.1 |
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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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