Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 3,230.8 | 1,810.0 | 3,830.5 | 3,323.0 | 2,643.6 | 2,320.0 | 2,141.5 | 1,931.6 |
Revenue growth | 78.5% | -52.7% | 15.3% | 25.7% | 13.9% | 8.3% | 10.9% | 16.8% |
Cost of goods sold | 2,701.5 | 1,899.4 | 2,441.0 | 2,180.4 | 1,640.5 | 1,372.0 | 1,262.0 | 1,301.2 |
Gross profit | 529.3 | -89.4 | 1,389.6 | 1,142.7 | 1,003.1 | 948.1 | 879.5 | 630.4 |
Gross margin | 16.4% | -4.9% | 36.3% | 34.4% | 37.9% | 40.9% | 41.1% | 32.6% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 132.5 | 85.1 | 153.8 | 137.0 | 113.5 | 96.9 | 86.6 | 74.8 |
EBIT | -427.9 | -806.0 | 536.5 | 459.0 | 405.8 | 487.0 | 513.0 | 358.3 |
EBIT margin | -13.2% | -44.5% | 14.0% | 13.8% | 15.4% | 21.0% | 24.0% | 18.6% |
Pre-tax income | -520.3 | -620.2 | 436.4 | 205.0 | 349.7 | 417.3 | 502.4 | 353.0 |
Income taxes | -47.8 | -191.5 | 101.2 | 49.2 | -65.8 | 153.8 | 185.2 | 127.5 |
Tax rate | 9.2% | 30.9% | 23.2% | 24.0% | | 36.9% | 36.9% | 36.1% |
Net income | -472.6 | -428.7 | 335.3 | 155.7 | 415.5 | 263.5 | 317.2 | 225.5 |
Net margin | -14.6% | -23.7% | 8.8% | 4.7% | 15.7% | 11.4% | 14.8% | 11.7% |
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Diluted EPS | ($4.50) | ($5.06) | $4.89 | $2.28 | $5.99 | $3.74 | $4.38 | $3.08 |
Shares outstanding (diluted) | 105.0 | 84.7 | 68.6 | 68.4 | 69.4 | 70.5 | 72.4 | 73.3 |
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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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