Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 20,414.1 | 17,007.2 | 14,237.1 | 13,890.2 | 12,959.9 | 9,527.9 | 7,409.0 | 6,106.8 |
Revenue growth | 20.0% | 19.5% | 2.5% | 7.2% | 36.0% | 28.6% | 21.3% | 12.3% |
Cost of goods sold | 148.6 | 0.0 | 0.0 | 0.0 | 0.0 | 8,277.4 | 6,312.7 | 4,956.7 |
Gross profit | 20,265.5 | 17,007.2 | 14,237.1 | 13,890.2 | 12,959.9 | 1,250.5 | 1,096.3 | 1,150.1 |
Gross margin | 99.3% | 100.0% | 100.0% | 100.0% | 100.0% | 13.1% | 14.8% | 18.8% |
Selling, general and administrative | 1,701.0 | 1,484.7 | 1,133.1 | 1,132.9 | 1,018.8 | 856.5 | 690.8 | 642.1 |
EBITA | 766.4 | 526.8 | 558.6 | 346.7 | 185.5 | 288.5 | 298.7 | 409.1 |
EBITA margin | 3.8% | 3.1% | 3.9% | 2.5% | 1.4% | 3.0% | 4.0% | 6.7% |
Amortization of intangibles | 72.7 | 32.7 | 10.4 | 10.6 | 13.1 | 7.4 | 2.3 | 1.5 |
EBIT | 693.7 | 494.1 | 548.2 | 336.1 | 172.4 | 281.1 | 296.4 | 407.6 |
EBIT margin | 3.4% | 2.9% | 3.9% | 2.4% | 1.3% | 3.0% | 4.0% | 6.7% |
Pre-tax income | 692.8 | 461.6 | 529.5 | 336.1 | 177.8 | 278.3 | 296.4 | 418.4 |
Income taxes | 253.0 | 87.9 | 287.4 | 217.5 | 114.1 | 103.0 | 111.7 | 154.2 |
Tax rate | 36.5% | 19.0% | 54.3% | 64.7% | 64.2% | 37.0% | 37.7% | 36.9% |
Net income | 439.8 | 373.7 | 242.1 | 118.6 | 63.7 | 175.3 | 184.7 | 264.2 |
Net margin | 2.2% | 2.2% | 1.7% | 0.9% | 0.5% | 1.8% | 2.5% | 4.3% |
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Diluted EPS | $9.29 | $8.31 | $5.43 | $2.67 | $1.44 | $3.98 | $4.21 | $6.10 |
Shares outstanding (diluted) | 47.4 | 45.0 | 44.6 | 44.4 | 44.2 | 44.0 | 43.8 | 43.3 |
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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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