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 | 2,313.4 | 1,386.0 | 1,230.6 | 1,088.2 | 1,023.5 | -0.1 | 1,090.6 | 1,198.2 |
Revenue growth | 66.9% | 12.6% | 13.1% | 6.3% | -710872.9% | -100.0% | -9.0% | 0.5% |
Cost of goods sold | 893.2 | 636.0 | 613.5 | 528.1 | 506.3 | -536.1 | 579.8 | 607.9 |
Gross profit | 1,420.2 | 749.9 | 617.1 | 560.2 | 517.2 | 536.0 | 510.8 | 590.3 |
Gross margin | 61.4% | 54.1% | 50.1% | 51.5% | 50.5% | -372197.9% | 46.8% | 49.3% |
Selling, general and administrative | 737.2 | 514.8 | 488.4 | 495.0 | 494.6 | 503.2 | 567.8 | 565.7 |
EBITA | 700.1 | 251.0 | 144.0 | 81.8 | 40.7 | 16.0 | -37.3 | 42.8 |
EBITA margin | 30.3% | 18.1% | 11.7% | 7.5% | 4.0% | -11087.5% | -3.4% | 3.6% |
Amortization of intangibles | 17.0 | 15.8 | 15.3 | 16.6 | 18.1 | 19.0 | 19.7 | 14.2 |
EBIT | 683.1 | 235.2 | 128.6 | 65.1 | 22.6 | -3.0 | -57.0 | 28.6 |
EBIT margin | 29.5% | 17.0% | 10.5% | 6.0% | 2.2% | 2090.3% | -5.2% | 2.4% |
Pre-tax income | 663.8 | 207.0 | 119.3 | 65.2 | 18.2 | -7.2 | -74.7 | -8.5 |
Income taxes | -61.8 | -105.9 | -0.2 | 14.7 | 7.9 | 9.3 | 8.5 | -3.6 |
Tax rate | | | | 22.6% | 43.7% | | | 42.4% |
Net income | 725.7 | 312.9 | 119.5 | -69.2 | -5.3 | -31.7 | -98.0 | -19.0 |
Net margin | 31.4% | 22.6% | 9.7% | -6.4% | -0.5% | 22040.3% | -9.0% | -1.6% |
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Diluted EPS | $11.39 | $4.56 | $1.66 | ($1.01) | ($0.07) | ($0.43) | ($1.30) | ($0.22) |
Shares outstanding (diluted) | 63.7 | 68.5 | 71.8 | 68.4 | 72.3 | 73.4 | 75.6 | 85.1 |
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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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