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 | 3,990.3 | 3,133.1 | 2,422.8 | 2,132.6 | 1,413.3 | 5,612.0 | 5,370.0 | 5,133.7 |
Revenue growth | 27.4% | 29.3% | 13.6% | 50.9% | -74.8% | 4.5% | 4.6% | 18.8% |
Cost of goods sold | 3,990.3 | 3,133.1 | 2,422.8 | 2,132.6 | 1,413.3 | 1,307.8 | 3,393.8 | 3,663.3 |
Gross profit | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 4,304.2 | 1,976.2 | 1,470.3 |
Gross margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 76.7% | 36.8% | 28.6% |
Selling, general and administrative | 160.5 | 159.3 | 148.6 | 315.1 | 80.8 | 87.3 | 1,115.8 | 57.6 |
EBITA | 3,404.0 | 1,433.2 | 2,626.0 | 354.9 | 297.4 | 892.4 | 929.4 | 615.4 |
EBITA margin | 85.3% | 45.7% | 108.4% | 16.6% | 21.0% | 15.9% | 17.3% | 12.0% |
Amortization of intangibles | 160.5 | 159.3 | 148.6 | 115.9 | 80.8 | 68.5 | 68.9 | 57.6 |
EBIT | 3,243.5 | 1,273.9 | 2,477.3 | 239.0 | 216.6 | 823.9 | 860.4 | 557.8 |
EBIT margin | 81.3% | 40.7% | 102.3% | 11.2% | 15.3% | 14.7% | 16.0% | 10.9% |
Pre-tax income | 3,132.2 | 1,000.4 | 2,285.8 | -7.9 | 87.3 | 629.9 | 742.1 | 440.4 |
Income taxes | 684.5 | 168.7 | 486.3 | 122.5 | -313.5 | 169.5 | 153.0 | 116.7 |
Tax rate | 21.9% | 16.9% | 21.3% | | | 26.9% | 20.6% | 26.5% |
Net income | 2,389.0 | 797.6 | 1,790.5 | -128.2 | 395.3 | 455.7 | 582.8 | 321.2 |
Net margin | 59.9% | 25.5% | 73.9% | -6.0% | 28.0% | 8.1% | 10.9% | 6.3% |
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Diluted EPS | $173.12 | $57.70 | $128.99 | ($9.21) | $28.22 | $32.37 | $41.45 | $22.85 |
Shares outstanding (diluted) | 13.8 | 13.8 | 13.9 | 13.9 | 14.0 | 14.1 | 14.1 | 14.1 |
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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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