Financial Summary (All financials)
In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
Revenues | 1,010.7 | 1,076.2 | 953.2 | 873.9 | 850.0 | 981.9 | 1,015.7 | 848.7 |
Revenue growth | -6.1% | 12.9% | 9.1% | 2.8% | -13.4% | -3.3% | 19.7% | -18.2% |
Cost of goods sold | 344.0 | 352.5 | 322.8 | 292.7 | 274.5 | 294.9 | 314.5 | 296.6 |
Gross profit | 666.7 | 723.7 | 630.4 | 581.2 | 575.5 | 687.0 | 701.2 | 552.1 |
Gross margin | 66.0% | 67.2% | 66.1% | 66.5% | 67.7% | 70.0% | 69.0% | 65.1% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 156.0 | 163.0 | 150.5 | 145.9 | 150.4 | 169.7 | 175.9 | 135.4 |
EBITA | 274.1 | 333.6 | 299.3 | 251.3 | 234.0 | 323.7 | 293.4 | 191.7 |
EBITA margin | 27.1% | 31.0% | 31.4% | 28.8% | 27.5% | 33.0% | 28.9% | 22.6% |
Amortization of intangibles | 12.5 | 11.3 | 9.6 | 12.2 | 19.5 | 11.9 | 11.8 | 12.5 |
EBIT | 261.6 | 322.3 | 289.7 | 239.1 | 214.5 | 311.8 | 281.6 | 179.2 |
EBIT margin | 25.9% | 29.9% | 30.4% | 27.4% | 25.2% | 31.8% | 27.7% | 21.1% |
Pre-tax income | 242.2 | 253.3 | 257.7 | 195.5 | 176.6 | 232.8 | 245.0 | -750.4 |
Income taxes | 90.9 | 94.0 | 102.3 | 73.3 | 64.7 | 79.4 | 76.4 | -6.3 |
Tax rate | 37.5% | 37.1% | 39.7% | 37.5% | 36.6% | 34.1% | 31.2% | 0.8% |
Net income | 146.1 | 155.8 | 154.4 | 114.7 | 102.3 | 142.9 | 159.9 | -757.1 |
Net margin | 14.5% | 14.5% | 16.2% | 13.1% | 12.0% | 14.6% | 15.7% | -89.2% |
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Diluted EPS | $0.81 | $0.83 | $0.84 | $0.62 | $0.55 | $0.78 | $0.88 | ($4.55) |
Shares outstanding (diluted) | 181.2 | 186.8 | 184.9 | 185.9 | 185.1 | 184.2 | 182.0 | 166.5 |
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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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