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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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Vascular | 1,014.9 | 970.3 | 928.3 | 830.0 | 845.0 | 842.4 | 755.9 | 681.5 |
Oncology | 1,012.1 | 936.9 | 910.9 | 857.1 | 812.4 | 779.5 | 724.8 | 678.7 |
Urology | 951.8 | 845.0 | 835.9 | 776.6 | 757.8 | 734.8 | 718.1 | 700.3 |
Surgical Specialties | 637.3 | 572.3 | 555.1 | 499.0 | 455.1 | 450.0 | 434.6 | 387.8 |
Other | 97.9 | 91.5 | 93.4 | 86.8 | 87.8 | 89.7 | 86.8 | 86.6 |
Total revenues | 3,714.0 | 3,416.0 | 3,323.6 | 3,049.5 | 2,958.1 | 2,896.4 | 2,720.2 | 2,534.9 |
Revenue growth [+] | 8.7% | 2.8% | 9.0% | 3.1% | 2.1% | 6.5% | 7.3% | 3.4% |
Vascular | 4.6% | 4.5% | 11.8% | -1.8% | 0.3% | 11.4% | 10.9% | 6.0% |
Oncology | 8.0% | 2.9% | 6.3% | 5.5% | 4.2% | 7.5% | 6.8% | 5.0% |
Urology | 12.6% | 1.1% | 7.6% | 2.5% | 3.1% | 2.3% | 2.5% | -1.2% |
Surgical Specialties | 11.4% | 3.1% | 11.2% | 9.6% | 1.1% | 3.5% | 12.1% | 5.3% |
Other | -53.3% | -3.5% | 150.0% | -76.2% | 307.4% | 3.3% | 0.2% | 1.1% |
Cost of goods sold | 1,371.7 | 1,301.2 | 1,258.6 | 1,194.4 | 1,125.3 | 1,097.3 | 1,020.0 | 959.0 |
Gross profit | 2,342.3 | 2,114.8 | 2,065.0 | 1,855.1 | 1,832.8 | 1,799.1 | 1,700.2 | 1,575.9 |
Gross margin | 63.1% | 61.9% | 62.1% | 60.8% | 62.0% | 62.1% | 62.5% | 62.2% |
Selling, general and administrative | 1,101.9 | 1,012.1 | 981.5 | 920.3 | 817.3 | 794.6 | 759.8 | 682.5 |
Research and development | 292.8 | 259.2 | 302.0 | 295.7 | 203.2 | 185.4 | 185.4 | 179.6 |
Other operating expenses | | | | | | -230.9 | | |
EBITDA [+] | 1,161.0 | 1,036.6 | 955.6 | 785.5 | 948.6 | 1,165.1 | 859.9 | 807.3 |
EBITDA growth | 12.0% | 8.5% | 21.7% | -17.2% | -18.6% | 35.5% | 6.5% | 17.8% |
EBITDA margin | 31.3% | 30.3% | 28.8% | 25.8% | 32.1% | 40.2% | 31.6% | 31.8% |
Depreciation | 82.9 | 73.6 | 65.3 | 56.9 | 53.6 | 51.8 | 51.8 | 51.0 |
EBITA | 1,078.1 | 963.0 | 890.3 | 728.6 | 895.0 | 1,113.3 | 808.1 | 756.3 |
EBITA margin | 29.0% | 28.2% | 26.8% | 23.9% | 30.3% | 38.4% | 29.7% | 29.8% |
Amortization of intangibles | 130.5 | 119.5 | 108.8 | 89.5 | 82.7 | 63.3 | 53.1 | 42.5 |
EBIT [+] | 947.6 | 843.5 | 781.5 | 639.1 | 812.3 | 1,050.0 | 755.0 | 713.8 |
EBIT growth | 12.3% | 7.9% | 22.3% | -21.3% | -22.6% | 39.1% | 5.8% | 20.1% |
EBIT margin | 25.5% | 24.7% | 23.5% | 21.0% | 27.5% | 36.3% | 27.8% | 28.2% |
Non-recurring items | | | | | | 230.9 | | |
Interest expense, net [+] | 52.9 | 44.0 | 42.8 | 43.7 | 34.1 | 32.9 | 9.0 | 8.2 |
Interest expense | 54.5 | 44.9 | 44.8 | 45.0 | 39.6 | 36.4 | 12.7 | 11.8 |
Interest income | 1.6 | 0.9 | 2.0 | 1.3 | 5.5 | 3.5 | 3.7 | 3.6 |
Other income (expense), net | -231.0 | -450.1 | -292.9 | 618.0 | -45.8 | -275.4 | -28.3 | -34.1 |
Pre-tax income | 663.7 | 349.4 | 445.8 | 1,213.4 | 732.4 | 510.8 | 717.7 | 671.5 |
Income taxes | 132.3 | 214.0 | 151.3 | 523.6 | 202.3 | 182.8 | 208.1 | 210.1 |
Tax rate | 19.9% | 61.2% | 33.9% | 43.2% | 27.6% | 35.8% | 29.0% | 31.3% |
Minority interest | | | | | | | 0.4 | 1.3 |
Net income | 531.4 | 135.4 | 294.5 | 689.8 | 530.1 | 328.0 | 509.2 | 460.1 |
Net margin | 14.3% | 4.0% | 8.9% | 22.6% | 17.9% | 11.3% | 18.7% | 18.2% |
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Basic EPS [+] | $7.18 | $1.83 | $3.90 | $8.70 | $6.36 | $3.82 | $5.45 | $4.71 |
Growth | 293.0% | -53.1% | -55.2% | 36.7% | 66.5% | -29.9% | 15.8% | 12.5% |
Diluted EPS [+] | $7.07 | $1.80 | $3.82 | $8.55 | $6.28 | $3.76 | $5.38 | $4.65 |
Growth | 293.5% | -53.0% | -55.3% | 36.1% | 67.2% | -30.2% | 15.8% | 13.3% |
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Dividends per share [+] | $1.02 | $0.94 | $0.87 | $0.83 | $0.79 | $0.75 | $0.71 | $0.67 |
Growth | 8.5% | 8.0% | 4.8% | 5.1% | 5.3% | 5.6% | 6.0% | 6.3% |
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Shares outstanding (basic) [+] | 74.0 | 74.1 | 75.6 | 79.3 | 83.3 | 85.8 | 93.4 | 97.7 |
Growth | -0.1% | -2.0% | -4.7% | -4.8% | -2.9% | -8.1% | -4.4% | -1.8% |
Shares outstanding (diluted) [+] | 75.2 | 75.4 | 77.1 | 80.7 | 84.4 | 87.3 | 94.6 | 99.0 |
Growth | -0.3% | -2.2% | -4.5% | -4.4% | -3.3% | -7.7% | -4.4% | -2.5% |
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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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