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 | 7,428.6 | 5,998.0 | 4,673.9 | 4,844.0 | 5,344.1 | 2,425.5 | 1,118.0 | 1,183.0 |
Revenue growth | 23.9% | 28.3% | -3.5% | -9.4% | 120.3% | 116.9% | -5.5% | -72.5% |
Cost of goods sold | 4,514.5 | 3,638.9 | 2,836.1 | 3,415.4 | 3,776.1 | 1,721.9 | 773.7 | 814.5 |
Gross profit | 2,914.1 | 2,359.1 | 1,837.7 | 1,428.6 | 1,568.0 | 703.5 | 344.3 | 368.4 |
Gross margin | 39.2% | 39.3% | 39.3% | 29.5% | 29.3% | 29.0% | 30.8% | 31.1% |
Selling, general and administrative | | | | | | | | |
General and administrative | 479.6 | 297.9 | 212.4 | 213.9 | 413.7 | 180.1 | 43.7 | 61.3 |
EBITA | 1,157.5 | 1,021.3 | 615.7 | 473.8 | 614.4 | 230.8 | 149.0 | 178.5 |
EBITA margin | 15.6% | 17.0% | 13.2% | 9.8% | 11.5% | 9.5% | 13.3% | 15.1% |
Amortization of intangibles | 64.8 | 55.3 | 45.9 | 42.9 | 42.6 | 13.4 | 0.5 | 0.5 |
EBIT | 1,092.6 | 966.0 | 569.8 | 430.9 | 571.8 | 217.5 | 148.5 | 178.0 |
EBIT margin | 14.7% | 16.1% | 12.2% | 8.9% | 10.7% | 9.0% | 13.3% | 15.0% |
Pre-tax income | 1,020.5 | 974.6 | 560.3 | 414.0 | 552.0 | 193.7 | 152.8 | 186.5 |
Income taxes | 249.4 | 230.9 | 149.7 | 103.8 | 131.4 | -291.7 | 57.6 | 68.0 |
Tax rate | 24.4% | 23.7% | 26.7% | 25.1% | 23.8% | | 37.7% | 36.5% |
Net income | 771.3 | 743.4 | 410.0 | 309.2 | 419.3 | 484.3 | 93.9 | 116.7 |
Net margin | 10.4% | 12.4% | 8.8% | 6.4% | 7.8% | 20.0% | 8.4% | 9.9% |
|
Diluted EPS | $4.73 | $4.45 | $2.40 | $1.80 | $2.36 | $4.34 | $1.16 | $1.42 |
Shares outstanding (diluted) | 163.2 | 167.1 | 170.5 | 172.1 | 178.0 | 111.7 | 81.2 | 82.5 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|