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 | 2,708.2 | 2,676.0 | 2,502.2 | 2,568.2 | 2,446.3 | 2,309.9 | 2,318.0 | 2,255.5 |
Revenue growth | 1.2% | 6.9% | -2.6% | 5.0% | 5.9% | -0.3% | 2.8% | 14.8% |
Cost of goods sold | 1,362.8 | 1,349.6 | 1,333.5 | 1,444.4 | 671.4 | 647.3 | 658.2 | 602.5 |
Gross profit | 1,345.4 | 1,326.4 | 1,168.7 | 1,123.8 | 1,774.9 | 1,662.6 | 1,659.8 | 1,653.0 |
Gross margin | 49.7% | 49.6% | 46.7% | 43.8% | 72.6% | 72.0% | 71.6% | 73.3% |
Selling, general and administrative | | | | | | | | |
General and administrative | 229.2 | 226.7 | 213.2 | 204.6 | 194.4 | 179.3 | 170.9 | 155.1 |
EBITA | 671.6 | 684.2 | 531.3 | 534.5 | 569.0 | 538.5 | 479.7 | 471.3 |
EBITA margin | 24.8% | 25.6% | 21.2% | 20.8% | 23.3% | 23.3% | 20.7% | 20.9% |
Amortization of intangibles | 33.7 | 29.1 | | | | | | |
EBIT | 637.9 | 655.1 | 531.3 | 534.5 | 569.0 | 538.5 | 479.7 | 471.3 |
EBIT margin | 23.6% | 24.5% | 21.2% | 20.8% | 23.3% | 23.3% | 20.7% | 20.9% |
Pre-tax income | 124.6 | 460.2 | 334.5 | 358.5 | 379.6 | 304.9 | 259.1 | 311.9 |
Income taxes | 233.3 | 172.2 | 122.7 | 115.7 | -129.2 | -104.6 | -84.8 | -99.0 |
Tax rate | 187.2% | 37.4% | 36.7% | 32.3% | | | | |
Net income | -143.5 | 273.5 | 211.4 | 241.2 | 248.6 | 198.3 | 172.8 | 210.1 |
Net margin | -5.3% | 10.2% | 8.4% | 9.4% | 10.2% | 8.6% | 7.5% | 9.3% |
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Diluted EPS | ($0.67) | $1.61 | $1.37 | $1.57 | $1.62 | $1.35 | $1.25 | $1.53 |
Shares outstanding (diluted) | 215.5 | 169.8 | 154.8 | 154.1 | 153.7 | 147.2 | 138.7 | 136.9 |
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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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