Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 344.0 | 330.4 | 326.0 | 397.0 | 392.7 | 429.5 | 430.8 | 423.8 |
Revenue growth | 4.1% | 1.4% | -17.9% | 1.1% | -8.6% | -0.3% | 1.7% | 17.4% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 59.7 | -63.7 |
Gross profit | 344.0 | 330.4 | 326.0 | 397.0 | 392.7 | 429.5 | 371.2 | 487.5 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 86.2% | 115.0% |
General and administrative | 35.5 | 30.4 | 30.8 | 31.7 | 34.2 | 31.1 | 29.3 | 28.3 |
EBIT | 56.3 | 139.5 | 96.5 | 149.3 | 170.1 | 164.3 | 105.2 | 52.0 |
EBIT margin | 16.4% | 42.2% | 29.6% | 37.6% | 43.3% | 38.3% | 24.4% | 12.3% |
Pre-tax income | 386.6 | 188.1 | 283.8 | 230.9 | 89.4 | 90.3 | 112.0 | 48.3 |
Income taxes | 1.3 | 1.6 | 1.4 | 1.7 | 1.9 | 1.4 | 0.6 | -1.1 |
Tax rate | 0.3% | 0.8% | 0.5% | 0.7% | 2.1% | 1.6% | 0.5% | |
Earnings from continuing ops | 375.8 | 176.8 | 273.2 | 220.8 | 79.1 | 89.1 | 103.4 | -20.8 |
Earnings from discontinued ops | | | | | | | 1.7 | 107.1 |
Net income | 375.8 | 176.8 | 273.2 | 220.8 | 79.1 | 89.1 | 105.1 | 86.3 |
Net margin | 109.3% | 53.5% | 83.8% | 55.6% | 20.1% | 20.7% | 24.4% | 20.4% |
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Diluted EPS | $1.31 | $0.66 | $1.15 | $0.92 | $0.33 | $0.37 | $0.44 | ($0.09) |
Shares outstanding (diluted) | 287.4 | 268.2 | 237.9 | 240.8 | 241.5 | 237.7 | 233.8 | 229.4 |
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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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