Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 1,863.0 | 1,495.6 | 1,265.3 | 2,316.1 | 2,294.5 | 2,171.9 | 2,047.2 | 1,921.9 |
Revenue growth | 24.6% | 18.2% | -45.4% | 0.9% | 5.6% | 6.1% | 6.5% | 10.7% |
Cost of goods sold | 1,639.5 | 15.7 | 15.2 | 8.4 | 5.3 | 1,279.5 | 1,202.5 | 1,144.0 |
Gross profit | 223.6 | 1,479.9 | 1,250.0 | 2,307.8 | 2,289.2 | 892.4 | 844.7 | 777.9 |
Gross margin | 12.0% | 99.0% | 98.8% | 99.6% | 99.8% | 41.1% | 41.3% | 40.5% |
General and administrative | 44.4 | 53.4 | 50.7 | 54.6 | 104.9 | 125.4 | 99.1 | 109.8 |
EBITA | 207.5 | 5.5 | 135.7 | 519.5 | 382.5 | 394.7 | 390.1 | 340.6 |
EBITA margin | 11.1% | 0.4% | 10.7% | 22.4% | 16.7% | 18.2% | 19.1% | 17.7% |
Amortization of intangibles | | 41.6 | 52.3 | 1.8 | 2.5 | 2.8 | 2.3 | 2.3 |
EBIT | 207.5 | -36.2 | 83.4 | 517.7 | 379.9 | 391.9 | 387.8 | 338.3 |
EBIT margin | 11.1% | -2.4% | 6.6% | 22.4% | 16.6% | 18.0% | 18.9% | 17.6% |
Pre-tax income | -135.4 | -544.6 | -284.3 | 262.2 | 186.4 | 211.3 | 227.0 | 156.9 |
Income taxes | 0.0 | -0.9 | 17.2 | 2.8 | 1.2 | -3.3 | 4.0 | -1.6 |
Tax rate | 0.0% | 0.2% | | 1.1% | 0.6% | | 1.8% | |
Net income | 0.0 | -544.6 | -311.4 | 259.8 | 185.7 | 203.8 | 202.4 | 145.8 |
Net margin | 0.0% | -36.4% | -24.6% | 11.2% | 8.1% | 9.4% | 9.9% | 7.6% |
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Diluted EPS | $0.00 | ($3.31) | ($1.89) | $1.58 | $1.13 | $1.24 | $1.30 | $0.97 |
Shares outstanding (diluted) | 164.7 | 164.6 | 164.4 | 164.3 | 164.3 | 164.2 | 156.1 | 151.0 |
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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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