Financial Summary (All financials)
In millions, except per share items | Jan-02-22 | Jan-03-21 | Dec-29-19 | Dec-30-18 | Dec-31-17 | Jan-01-17 | Jan-03-16 | Dec-28-14 |
Revenues | 1,323.5 | 1,124.8 | 1,092.2 | 1,202.3 | 1,794.0 | 2,552.6 | 1,576.5 | 3,027.3 |
Revenue growth | 17.7% | 3.0% | -9.2% | -33.0% | -29.7% | 61.9% | -47.9% | 20.7% |
Cost of goods sold | 1,101.9 | 957.7 | 928.7 | 1,053.8 | 1,812.7 | 2,330.8 | 1,331.8 | 2,402.1 |
Gross profit | 221.6 | 167.1 | 163.5 | 148.5 | -18.6 | 221.8 | 244.6 | 625.1 |
Gross margin | 16.7% | 14.9% | 15.0% | 12.4% | -1.0% | 8.7% | 15.5% | 20.6% |
Selling, general and administrative | 232.3 | 164.7 | 172.1 | 200.1 | 278.6 | 332.8 | 345.5 | 288.3 |
Research and development | 17.1 | 22.4 | 34.2 | 49.2 | 82.2 | 116.9 | 99.1 | 73.3 |
EBITA | -21.5 | -8.7 | -62.5 | -370.6 | -977.9 | -340.6 | -185.2 | 271.3 |
EBITA margin | -1.6% | -0.8% | -5.7% | -30.8% | -54.5% | -13.3% | -11.7% | 9.0% |
Amortization of intangibles | 1.7 | 5.0 | 7.4 | | | 13.0 | 5.1 | 0.6 |
EBIT | -23.2 | -13.7 | -69.9 | -370.6 | -977.9 | -353.6 | -190.3 | 270.7 |
EBIT margin | -1.8% | -1.2% | -6.4% | -30.8% | -54.5% | -13.9% | -12.1% | 8.9% |
Pre-tax income | -32.8 | 654.6 | 191.0 | -366.5 | -1,200.8 | -528.4 | -242.3 | 184.6 |
Income taxes | 5.2 | -57.5 | -16.5 | -2.1 | -3.9 | 7.3 | 66.7 | -8.8 |
Tax rate | | | | 0.6% | 0.3% | | | |
Earnings from continuing ops | -37.4 | 599.4 | 206.8 | -277.3 | -929.1 | -448.6 | -187.0 | 245.9 |
Earnings from discontinued ops | | -124.3 | -184.7 | -533.8 | | | | |
Net income | -37.4 | 475.0 | 22.2 | -811.1 | -929.1 | -448.6 | -187.0 | 245.9 |
Net margin | -2.8% | 42.2% | 2.0% | -67.5% | -51.8% | -17.6% | -11.9% | 8.1% |
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Diluted EPS | ($0.22) | $3.04 | $1.22 | ($1.97) | ($6.67) | ($3.25) | ($1.39) | $1.51 |
Shares outstanding (diluted) | 172.4 | 197.2 | 169.7 | 140.8 | 139.4 | 138.0 | 134.9 | 162.8 |
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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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