Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Sep-30-21 | Dec-31-20 | Sep-30-20 | Dec-31-19 | Dec-31-18 | Dec-31-16 |
Revenues | 4,981.9 | 3,318.3 | 3,318.3 | 2,881.1 | 2,881.1 | 4,623.4 | 5,581.8 | 4,715.3 |
Revenue growth | 50.1% | 15.2% | 15.2% | -37.7% | | -17.2% | | -15.9% |
Cost of goods sold | 3,290.8 | 2,553.1 | 2,511.6 | 2,524.9 | 2,538.4 | 3,536.6 | 4,071.4 | 4,107.6 |
Gross profit | 1,691.1 | 765.2 | 806.7 | 356.2 | 342.7 | 1,086.8 | 1,510.4 | 607.7 |
Gross margin | 33.9% | 23.1% | 24.3% | 12.4% | 11.9% | 23.5% | 27.1% | 12.9% |
Selling, general and administrative | 88.8 | 84.9 | 84.9 | 99.5 | 99.5 | 145.0 | 158.1 | 153.4 |
EBIT | 1,366.5 | 409.0 | 605.7 | -195.1 | 267.2 | 466.8 | 622.0 | -316.2 |
EBIT margin | 27.4% | 12.3% | 18.3% | -6.8% | 9.3% | 10.1% | 11.1% | -6.7% |
Pre-tax income | 1,278.6 | 370.2 | 0.0 | -1,851.8 | 0.0 | -142.3 | 664.1 | -758.3 |
Income taxes | -38.8 | 22.8 | 0.0 | 8.0 | 0.0 | 46.0 | 18.4 | -94.5 |
Tax rate | | 6.2% | | | | | 2.8% | 12.5% |
Earnings from continuing ops | 1,295.4 | 336.1 | | -1,856.3 | | -214.5 | 526.3 | -671.7 |
Earnings from discontinued ops | 1.7 | 24.0 | | -14.0 | | 3.2 | 18.1 | -57.6 |
Net income | 1,297.1 | 360.1 | 0.0 | -1,870.3 | 0.0 | -211.3 | 544.4 | -729.3 |
Net margin | 26.0% | 10.9% | 0.0% | -64.9% | 0.0% | -4.6% | 9.8% | -15.5% |
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Diluted EPS | $8.24 | $3.00 | | ($19.00) | | ($2.07) | $4.41 | ($36.70) |
Shares outstanding (diluted) | 157.2 | 112.0 | | 97.7 | | 103.7 | 119.3 | 18.3 |
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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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