Financial Summary (All financials)
In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
Revenues | 8,603.9 | 8,287.1 | 7,355.9 | 6,696.1 | 6,679.9 | 6,022.7 | 5,152.6 | 5,383.3 |
Revenue growth | 3.8% | 12.7% | 9.9% | 0.2% | 10.9% | 16.9% | -4.3% | 15.5% |
Cost of goods sold | 5,912.0 | 5,654.2 | 5,241.2 | 4,771.7 | 4,821.9 | 4,383.9 | 3,726.6 | 3,880.5 |
Gross profit | 2,691.9 | 2,632.9 | 2,114.7 | 1,924.4 | 1,858.0 | 1,638.8 | 1,426.0 | 1,502.8 |
Gross margin | 31.3% | 31.8% | 28.7% | 28.7% | 27.8% | 27.2% | 27.7% | 27.9% |
Selling, general and administrative | 2,021.3 | 1,960.0 | 1,519.8 | 1,320.5 | 1,259.2 | 1,211.8 | 963.9 | 1,013.7 |
EBITA | 587.0 | 676.4 | 623.2 | 634.0 | 578.4 | 425.7 | 448.2 | 429.3 |
EBITA margin | 6.8% | 8.2% | 8.5% | 9.5% | 8.7% | 7.1% | 8.7% | 8.0% |
Amortization of intangibles | 61.8 | 27.5 | 21.7 | 17.8 | 18.7 | 16.0 | 16.7 | |
EBIT | 525.2 | 648.9 | 601.5 | 616.2 | 559.7 | 409.7 | 431.5 | 429.3 |
EBIT margin | 6.1% | 7.8% | 8.2% | 9.2% | 8.4% | 6.8% | 8.4% | 8.0% |
Pre-tax income | 281.6 | 372.8 | 351.6 | 391.5 | 330.4 | 229.5 | 239.4 | -32.6 |
Income taxes | 135.1 | 130.3 | 147.7 | 147.6 | 125.7 | 122.8 | 110.7 | 26.3 |
Tax rate | 48.0% | 35.0% | 42.0% | 37.7% | 38.0% | 53.5% | 46.2% | |
Net income | 146.5 | 242.5 | 203.9 | 243.9 | 204.7 | 106.7 | 128.7 | -58.9 |
Net margin | 1.7% | 2.9% | 2.8% | 3.6% | 3.1% | 1.8% | 2.5% | -1.1% |
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Diluted EPS | $0.72 | $1.28 | $1.18 | $1.38 | $1.54 | $1.19 | $1.52 | ($0.78) |
Shares outstanding (diluted) | 204.5 | 189.8 | 172.5 | 177.3 | 132.9 | 89.8 | 84.8 | 75.2 |
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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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