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 | 16,681.3 | 6,268.4 | 1,861.2 | 11,548.0 | 10,787.8 | 9,687.2 | | |
Revenue growth | 166.1% | 236.8% | -83.9% | 7.0% | 11.4% | | | |
Cost of goods sold | 12,337.5 | 4,356.0 | 1,402.4 | 8,467.2 | 7,967.9 | 7,181.9 | | |
Gross profit | 4,343.7 | 1,912.5 | 458.8 | 3,080.8 | 2,819.9 | 2,505.3 | | |
Gross margin | 26.0% | 30.5% | 24.6% | 26.7% | 26.1% | 25.9% | | |
Selling, general and administrative | 2,955.9 | 1,754.8 | 1,524.3 | 2,145.5 | 1,997.0 | 1,907.7 | | |
EBITA | 927.5 | -223.1 | -1,418.8 | 551.4 | 476.4 | 294.2 | | |
EBITA margin | 5.6% | -3.6% | -76.2% | 4.8% | 4.4% | 3.0% | | |
Amortization of intangibles | 216.9 | 193.4 | 239.3 | 223.5 | 190.7 | 202.6 | | |
EBIT | 710.6 | -416.5 | -1,658.1 | 327.9 | 285.7 | 91.6 | | |
EBIT margin | 4.3% | -6.6% | -89.1% | 2.8% | 2.6% | 0.9% | | |
Pre-tax income | 505.4 | -611.3 | -1,856.7 | 185.1 | 131.1 | -9.4 | | |
Income taxes | 96.3 | -2.5 | -28.9 | 66.9 | 40.8 | -17.2 | | |
Tax rate | 19.0% | 0.4% | 1.6% | 36.1% | 31.1% | 182.9% | | |
Net income | 149.2 | -670.7 | -1,723.4 | -4.9 | -17.7 | -97.6 | | |
Net margin | 0.9% | -10.7% | -92.6% | 0.0% | -0.2% | -1.0% | | |
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Diluted EPS | $0.64 | ($3.09) | ($8.12) | ($0.02) | ($0.09) | ($0.48) | | |
Shares outstanding (diluted) | 231.6 | 217.2 | 212.3 | 210.1 | 207.4 | 204.9 | | |
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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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