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 | 4,843.8 | 648.0 | 1,279.9 | 6,462.4 | 6,055.1 | 5,396.2 | 4,874.3 | 4,345.0 |
Revenue growth | 647.5% | -49.4% | -80.2% | 6.7% | 12.2% | 10.7% | 12.2% | 39.0% |
Cost of goods sold | 4,953.9 | 1,909.9 | 1,693.1 | 3,663.3 | 3,377.1 | 3,063.6 | 2,850.2 | 2,655.4 |
Gross profit | -110.2 | -1,261.9 | -413.2 | 2,799.1 | 2,678.1 | 2,332.5 | 2,024.1 | 1,689.6 |
Gross margin | -2.3% | -194.7% | -32.3% | 43.3% | 44.2% | 43.2% | 41.5% | 38.9% |
Selling, general and administrative | 1,379.1 | 891.5 | 745.3 | 974.9 | 897.9 | 773.8 | 666.2 | 555.0 |
EBITA | -1,551.8 | -2,552.3 | -1,876.3 | 1,178.1 | 1,245.2 | 1,080.1 | 947.6 | 775.7 |
EBITA margin | -32.0% | -393.9% | -146.6% | 18.2% | 20.6% | 20.0% | 19.4% | 17.9% |
Amortization of intangibles | | | | | 26.2 | 31.2 | 22.2 | 73.2 |
EBIT | -1,551.8 | -2,552.3 | -1,876.3 | 1,178.1 | 1,219.1 | 1,048.8 | 925.5 | 702.5 |
EBIT margin | -32.0% | -393.9% | -146.6% | 18.2% | 20.1% | 19.4% | 19.0% | 16.2% |
Pre-tax income | -2,276.7 | -4,501.3 | -4,000.0 | 911.4 | 969.3 | 770.6 | 640.3 | 433.9 |
Income taxes | -6.8 | 5.3 | 12.5 | -18.9 | 14.5 | 10.7 | 7.2 | 6.8 |
Tax rate | 0.3% | | | | 1.5% | 1.4% | 1.1% | 1.6% |
Net income | -2,269.9 | -4,506.6 | -4,012.5 | 930.2 | 954.8 | 759.9 | 633.1 | 427.1 |
Net margin | -46.9% | -695.5% | -313.5% | 14.4% | 15.8% | 14.1% | 13.0% | 9.8% |
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Diluted EPS | ($5.41) | ($12.33) | ($15.75) | $4.30 | $4.25 | $3.31 | $2.78 | $1.86 |
Shares outstanding (diluted) | 419.8 | 365.4 | 254.7 | 216.5 | 224.4 | 229.4 | 227.9 | 230.0 |
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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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