Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 3,421.4 | 3,831.0 | 3,304.2 | 17.7 | 2,627.5 | 2,851.0 | 2,720.5 | 2,477.4 |
Revenue growth | -10.7% | 15.9% | 18567.8% | -99.3% | -7.8% | 4.8% | 9.8% | -11.3% |
Cost of goods sold | 2,429.4 | 2,658.5 | 2,290.4 | 1,931.0 | 1,839.3 | 1,981.5 | 1,913.4 | 1,738.7 |
Gross profit | 992.0 | 1,172.5 | 1,013.8 | -1,913.3 | 788.2 | 869.5 | 807.1 | 738.7 |
Gross margin | 29.0% | 30.6% | 30.7% | -10809.6% | 30.0% | 30.5% | 29.7% | 29.8% |
Selling, general and administrative | 463.2 | 476.0 | 411.2 | 356.6 | 346.6 | 386.8 | 352.8 | 308.2 |
Research and development | 193.2 | 184.4 | 147.0 | 135.2 | 139.5 | 145.0 | 119.4 | 104.3 |
EBITA | 363.6 | 540.4 | 434.2 | 379.1 | 284.2 | 374.7 | 360.2 | 315.9 |
EBITA margin | 10.6% | 14.1% | 13.1% | 2141.8% | 10.8% | 13.1% | 13.2% | 12.8% |
Amortization of intangibles | 28.5 | 28.9 | 22.3 | 22.0 | 19.2 | 19.9 | 10.6 | 9.5 |
EBIT | 335.1 | 511.5 | 411.9 | 357.1 | 265.0 | 354.8 | 349.6 | 306.4 |
EBIT margin | 9.8% | 13.4% | 12.5% | 2017.5% | 10.1% | 12.4% | 12.9% | 12.4% |
Pre-tax income | 312.8 | 463.7 | 652.6 | 369.1 | 297.5 | 356.8 | 640.9 | 336.1 |
Income taxes | 53.4 | 49.3 | 229.7 | 121.8 | 11.5 | 55.6 | -21.0 | 23.6 |
Tax rate | 17.1% | 10.6% | 35.2% | 33.0% | 3.9% | 15.6% | | 7.0% |
Net income | 245.8 | 394.1 | 406.1 | 223.0 | 275.2 | 291.5 | 653.2 | 302.0 |
Net margin | 7.2% | 10.3% | 12.3% | 1259.9% | 10.5% | 10.2% | 24.0% | 12.2% |
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Diluted EPS | $4.78 | $7.43 | $7.50 | $3.98 | $4.72 | $4.81 | $10.31 | $4.62 |
Shares outstanding (diluted) | 51.4 | 53.1 | 54.1 | 56.0 | 58.3 | 60.5 | 63.4 | 65.3 |
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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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