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 | 2,668.8 | 2,019.1 | 2,135.5 | 3,053.6 | 3,048.1 | 2,565.5 | 2,007.1 | 3,791.7 |
Revenue growth | 32.2% | -5.4% | -30.1% | 0.2% | 18.8% | 27.8% | -47.1% | -44.3% |
Cost of goods sold | 1,666.0 | 1,286.9 | 1,333.1 | 1,929.3 | 1,977.0 | 1,718.1 | 1,344.3 | 2,371.4 |
Gross profit | 1,002.8 | 732.2 | 802.4 | 1,124.3 | 1,071.1 | 847.4 | 662.8 | 1,420.2 |
Gross margin | 37.6% | 36.3% | 37.6% | 36.8% | 35.1% | 33.0% | 33.0% | 37.5% |
Research and development | 49.9 | 35.2 | 33.6 | 50.4 | 56.1 | 51.1 | 33.6 | 41.3 |
General and administrative | 228.4 | 213.6 | 203.5 | 258.7 | 265.8 | 251.2 | 227.6 | 324.3 |
EBIT | -245.7 | -121.9 | 276.1 | 165.2 | -55.6 | -235.2 | -234.5 | 211.2 |
EBIT margin | -9.2% | -6.0% | 12.9% | 5.4% | -1.8% | -9.2% | -11.7% | 5.6% |
Pre-tax income | -245.7 | -488.1 | -705.6 | -588.9 | -518.8 | -580.1 | -1,198.1 | -427.5 |
Income taxes | 61.5 | 55.6 | 57.3 | 91.6 | 79.3 | -83.0 | -186.8 | -98.0 |
Tax rate | | | | | | 14.3% | 15.6% | 22.9% |
Earnings from continuing ops | -307.2 | -572.9 | -820.3 | -720.1 | -638.6 | -503.3 | -1,011.4 | -329.9 |
Earnings from discontinued ops | -350.3 | 0.0 | 0.0 | 0.0 | -14.7 | -43.5 | -18.4 | -42.8 |
Net income | -307.2 | -572.9 | -820.3 | -720.1 | -653.3 | -546.8 | -1,029.7 | -372.7 |
Net margin | -11.5% | -28.4% | -38.4% | -23.6% | -21.4% | -21.3% | -51.3% | -9.8% |
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Diluted EPS | ($34.53) | ($75.34) | ($116.20) | ($102.41) | ($95.48) | ($1.79) | ($3.66) | ($1.17) |
Shares outstanding (diluted) | 8.9 | 7.6 | 7.1 | 7.0 | 6.7 | 280.7 | 276.5 | 283.0 |
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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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