Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 8,010.0 | 7,491.0 | 7,331.0 | 7,409.0 | 6,835.0 | 608.4 | 565.9 | 459.2 |
Revenue growth | 6.9% | 2.2% | -1.1% | 8.4% | 1023.4% | 7.5% | 23.3% | |
Cost of goods sold | 3,862.0 | 3,276.0 | 3,404.0 | 1,277.0 | 1,080.0 | 197.6 | 176.9 | 133.3 |
Gross profit | 4,148.0 | 4,215.0 | 3,927.0 | 6,132.0 | 5,755.0 | 410.8 | 389.1 | 325.9 |
Gross margin | 51.8% | 56.3% | 53.6% | 82.8% | 84.2% | 67.5% | 68.8% | 71.0% |
Selling, general and administrative | 610.0 | 630.0 | 684.0 | 633.0 | 519.0 | | | |
General and administrative | | | | | | 67.6 | 40.4 | 32.0 |
EBITA | 1,814.0 | 2,050.0 | 2,169.0 | 2,096.0 | 1,571.0 | 257.3 | 212.2 | 205.0 |
EBITA margin | 22.6% | 27.4% | 29.6% | 28.3% | 23.0% | 42.3% | 37.5% | 44.6% |
Amortization of intangibles | 347.0 | 356.0 | 353.0 | 207.0 | 60.0 | 11.3 | | |
EBIT | 1,467.0 | 1,694.0 | 1,816.0 | 1,889.0 | 1,511.0 | 246.0 | 212.2 | 205.0 |
EBIT margin | 18.3% | 22.6% | 24.8% | 25.5% | 22.1% | 40.4% | 37.5% | 44.6% |
Pre-tax income | 981.0 | 439.0 | -1,357.0 | 1,313.0 | 1,149.0 | 181.6 | 197.6 | 197.7 |
Income taxes | 6.0 | -80.0 | 1.0 | 29.0 | 30.0 | 3.2 | 3.3 | 2.4 |
Tax rate | 0.6% | | | 2.2% | 2.6% | 1.8% | 1.7% | 1.2% |
Net income | 856.0 | -98.0 | -1,855.0 | 359.0 | 611.0 | 170.0 | 189.3 | 107.2 |
Net margin | 10.7% | -1.3% | -25.3% | 4.8% | 8.9% | 27.9% | 33.4% | 23.3% |
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Diluted EPS | $0.90 | ($0.17) | ($3.27) | $0.99 | $1.76 | | $106,056.30 | $60,074.31 |
Shares outstanding (diluted) | 947.5 | 592.5 | 567.3 | 362.0 | 346.3 | | 0.0 | 0.0 |
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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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