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Mylan II B.V. (MYL)

Income Statement Business | Product | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13
   10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    North America  4,314.04,293.25,130.75,763.35,182.24,619.9 
    Europe  4,153.34,292.24,107.23,072.72,320.81,614.6 
    Rest of World  3,723.23,385.43,236.02,800.22,440.72,026.5 
    Specialty        1,027.8
    Other        5,881.3
Total revenues   [+]11,500.511,433.911,907.711,076.99,429.37,719.66,909.1
            Revenue growth   [+]0.6%-4.0%7.5%17.5%22.1%11.7% 
Cost of goods sold  7,602.97,432.37,124.66,379.95,213.24,191.63,868.8
Gross profit  3,897.64,001.64,783.14,697.04,216.13,528.03,040.3
            Gross margin  33.9%35.0%40.2%42.4%44.7%45.7%44.0%
Selling, general and administrative  2,563.62,441.02,575.72,498.52,180.71,625.71,408.5
Research and development  639.9704.5783.3826.8671.9581.8507.8
Other operating expenses  78.3144.5    -11.5
EBITDA   [+]2,635.12,821.53,229.92,894.72,395.61,887.11,651.5
            EBITDA margin  22.9%24.7%27.1%26.1%25.4%24.4%23.9%
Depreciation  436.6503.5368.4327.7217.4200.5152.3
EBITA  2,198.52,318.02,861.52,567.02,178.21,686.61,499.2
            EBITA margin  19.1%20.3%24.0%23.2%23.1%21.8%21.7%
Amortization of intangibles  1,582.71,606.41,437.41,195.3814.7366.1363.7
EBIT   [+]615.8711.61,424.11,371.71,363.51,320.51,135.5
            EBIT margin  5.4%6.2%12.0%12.4%14.5%17.1%16.4%
Non-recurring items   [+]-99.7-194.0-13.1672.5-97.4-32.1 
Interest expense  517.3542.3534.6454.8339.4333.2313.3
Other income (expense), net  -43.8-64.90.4-122.7-206.1-44.9-74.9
Pre-tax income  154.4298.4903.0121.7915.4974.5747.3
Income taxes  137.6-54.1207.0-358.367.741.4120.8
            Tax rate  89.1% 22.9% 7.4%4.2%16.2%
Minority interest      -0.1-3.7-2.8
Net income  16.8352.5696.0480.0847.6929.4623.7
            Net margin  0.1%3.1%5.8%4.3%9.0%12.0%9.0%
   
Basic EPS   [+]$0.03$0.69$1.30$0.94$1.80$2.49$1.63
Diluted EPS   [+]$0.03$0.68$1.30$0.92$1.70$2.34$1.58
   
Shares outstanding (basic)   [+]515.7514.5534.5513.0472.2373.7383.3
Shares outstanding (diluted)   [+]516.5516.5536.7520.5497.4398.0394.5
   
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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