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 | 6,323.6 | 5,675.3 | 3,466.6 | 4,501.6 | 4,408.4 | 3,364.7 | -1.8 | 3,167.2 |
Revenue growth | 11.4% | 63.7% | -23.0% | 2.1% | 31.0% | -187027.8% | -100.1% | -12.6% |
Cost of goods sold | 5,013.5 | 4,528.5 | 2,845.5 | 3,673.7 | 3,650.3 | 2,782.2 | -2,289.1 | 2,599.5 |
Gross profit | 1,310.1 | 1,146.8 | 621.1 | 827.9 | 758.1 | 582.5 | 2,287.3 | 567.7 |
Gross margin | 20.7% | 20.2% | 17.9% | 18.4% | 17.2% | 17.3% | -127072.2% | 17.9% |
Selling, general and administrative | 0.0 | 0.0 | 2.2 | 636.8 | 614.7 | 481.4 | 447.5 | 450.8 |
EBITA | 556.7 | 440.0 | -11.7 | 193.5 | 147.6 | 101.9 | 128.5 | 123.2 |
EBITA margin | 8.8% | 7.8% | -0.3% | 4.3% | 3.3% | 3.0% | -7138.9% | 3.9% |
Amortization of intangibles | | | | | | | 5.4 | 6.3 |
EBIT | 556.7 | 440.0 | -11.7 | 193.5 | 147.6 | 101.9 | 123.1 | 116.9 |
EBIT margin | 8.8% | 7.8% | -0.3% | 4.3% | 3.3% | 3.0% | -6838.9% | 3.7% |
Pre-tax income | 522.9 | 389.1 | -90.1 | 115.2 | 116.7 | 16.7 | 26.1 | 1.9 |
Income taxes | 131.4 | 93.7 | -24.8 | 32.5 | 10.3 | -1.3 | 7.2 | 3.7 |
Tax rate | 25.1% | 24.1% | 27.5% | 28.2% | 8.8% | | 27.6% | 194.7% |
Net income | 391.0 | 294.3 | -65.8 | 82.4 | 106.0 | 17.1 | 18.7 | -0.5 |
Net margin | 6.2% | 5.2% | -1.9% | 1.8% | 2.4% | 0.5% | -1038.9% | 0.0% |
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Diluted EPS | $10.21 | $7.56 | ($1.73) | $2.17 | $2.81 | $0.46 | $0.54 | ($0.02) |
Shares outstanding (diluted) | 38.3 | 38.9 | 38.0 | 38.0 | 37.7 | 37.3 | 34.4 | 32.1 |
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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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