Financial Summary (All financials)
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 |
Revenues | 4,198.1 | 3,866.3 | 3,436.6 | 2,542.1 | 2,289.4 | 2,025.8 | 1,821.3 | 1,535.0 |
Revenue growth | 8.6% | 12.5% | 35.2% | 11.0% | 13.0% | 11.2% | 18.7% | |
Cost of goods sold | 2,745.2 | 2,543.0 | 2,283.4 | 1,634.6 | 1,485.5 | 1,341.3 | 1,210.8 | 1,020.6 |
Gross profit | 1,452.9 | 1,323.3 | 1,153.2 | 907.4 | 803.9 | 684.4 | 610.5 | 514.4 |
Gross margin | 34.6% | 34.2% | 33.6% | 35.7% | 35.1% | 33.8% | 33.5% | 33.5% |
Sales and marketing | 729.5 | 705.9 | 621.9 | 528.2 | 492.1 | 414.7 | 384.5 | 331.8 |
General and administrative | 321.6 | 285.1 | 265.7 | 197.5 | 167.6 | 136.7 | 139.9 | 127.1 |
EBITA | 411.9 | 336.0 | 270.3 | 184.6 | 182.8 | 178.3 | 128.1 | 102.1 |
EBITA margin | 9.8% | 8.7% | 7.9% | 7.3% | 8.0% | 8.8% | 7.0% | 6.7% |
Amortization of intangibles | 20.4 | 15.2 | 10.7 | 2.9 | 2.5 | 2.6 | 2.6 | |
EBIT | 391.5 | 320.8 | 259.6 | 181.7 | 180.3 | 175.7 | 125.5 | 102.1 |
EBIT margin | 9.3% | 8.3% | 7.6% | 7.1% | 7.9% | 8.7% | 6.9% | 6.7% |
Pre-tax income | 327.2 | 267.7 | 224.4 | 143.2 | 169.4 | 166.4 | 114.5 | 103.0 |
Income taxes | 102.4 | 87.9 | 78.3 | 44.2 | 56.9 | 52.1 | 33.2 | 42.4 |
Tax rate | 31.3% | 32.8% | 34.9% | 30.9% | 33.6% | 31.3% | 29.0% | 41.2% |
Earnings from continuing ops | 214.6 | 168.4 | 140.2 | 99.0 | 113.3 | 218.1 | 154.8 | 73.3 |
Earnings from discontinued ops | | | | | 0.4 | 3.6 | 5.7 | -21.1 |
Net income | 214.6 | 168.4 | 140.2 | 99.0 | 113.7 | 221.7 | 160.5 | 52.2 |
Net margin | 5.1% | 4.4% | 4.1% | 3.9% | 5.0% | 10.9% | 8.8% | 3.4% |
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Diluted EPS | $1.18 | $0.94 | $0.79 | $0.57 | $0.74 | $1.45 | $1.03 | |
Shares outstanding (diluted) | 181.2 | 180.1 | 177.9 | 174.6 | 153.8 | 150.0 | 150.0 | |
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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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