Financial Summary (All financials)
In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
Revenues | 3,361.1 | 3,808.8 | 3,767.2 | 3,325.8 | 3,222.9 | 2,818.0 | 1,990.1 | 2,916.5 |
Revenue growth | -11.8% | 1.1% | 13.3% | 3.2% | 14.4% | 41.6% | -31.8% | -7.6% |
Cost of goods sold | 2,968.9 | 3,292.3 | 3,059.4 | 2,865.4 | 2,919.6 | 2,543.6 | 1,779.0 | 2,717.4 |
Gross profit | 392.2 | 516.5 | 707.8 | 460.4 | 303.3 | 274.4 | 211.1 | 199.1 |
Gross margin | 11.7% | 13.6% | 18.8% | 13.8% | 9.4% | 9.7% | 10.6% | 6.8% |
Selling, general and administrative | 299.7 | 305.6 | 294.5 | 203.5 | 168.2 | 160.0 | 182.9 | 168.6 |
EBITA | 160.9 | 280.2 | 477.5 | 221.3 | 134.9 | 115.3 | 29.2 | 30.5 |
EBITA margin | 4.8% | 7.4% | 12.7% | 6.7% | 4.2% | 4.1% | 1.5% | 1.0% |
Amortization of intangibles | 68.4 | 69.3 | 64.2 | 3.3 | 3.1 | 1.0 | 1.0 | |
EBIT | 92.5 | 210.9 | 413.3 | 218.0 | 131.8 | 114.3 | 28.2 | 30.5 |
EBIT margin | 2.8% | 5.5% | 11.0% | 6.6% | 4.1% | 4.1% | 1.4% | 1.0% |
Pre-tax income | -893.0 | 78.4 | 212.5 | 177.7 | 53.5 | 44.0 | 225.6 | -276.9 |
Income taxes | -43.9 | 14.3 | 62.9 | 57.2 | -4.2 | 1.3 | 94.5 | -21.7 |
Tax rate | 4.9% | 18.2% | 29.6% | 32.2% | | 2.9% | 41.9% | 7.8% |
Earnings from continuing ops | -1,677.5 | 124.3 | 146.9 | 120.5 | 57.7 | 42.7 | 131.1 | -255.2 |
Earnings from discontinued ops | 12.0 | -13.9 | 18.4 | | | | | |
Net income | -1,665.5 | 110.4 | 165.3 | 120.5 | 57.7 | 42.7 | 131.1 | -255.2 |
Net margin | -49.6% | 2.9% | 4.4% | 3.6% | 1.8% | 1.5% | 6.6% | -8.7% |
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Diluted EPS | ($23.83) | $1.76 | $2.17 | $3.46 | $1.69 | $1.26 | $8.79 | ($185.17) |
Shares outstanding (diluted) | 70.4 | 70.6 | 67.8 | 34.8 | 34.1 | 33.8 | 14.9 | 1.4 |
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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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