Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 760.4 | 642.0 | 561.6 | 4,430.9 | 3,553.4 | 2,511.7 | 1,862.1 | 718.9 |
Revenue growth | 18.4% | 14.3% | -87.3% | 24.7% | 41.5% | 34.9% | 159.0% | -11.1% |
Cost of goods sold | 33.8 | 51.5 | 51.4 | 47.1 | 40.2 | 28.9 | 17.7 | 0.0 |
Gross profit | 726.6 | 590.4 | 510.2 | 4,383.8 | 3,513.2 | 2,482.8 | 1,844.4 | 718.9 |
Gross margin | 95.6% | 92.0% | 90.8% | 98.9% | 98.9% | 98.8% | 99.0% | 100.0% |
General and administrative | 1,043.2 | 1,041.8 | 938.0 | 913.0 | 709.1 | 427.0 | 348.8 | 280.6 |
EBITA | 715.2 | 344.9 | 180.5 | 254.5 | 299.5 | 195.2 | 132.8 | 54.3 |
EBITA margin | 94.1% | 53.7% | 32.1% | 5.7% | 8.4% | 7.8% | 7.1% | 7.6% |
Amortization of intangibles | 20.8 | 34.7 | 31.4 | 57.4 | 70.4 | 20.4 | 13.8 | |
EBIT | 694.4 | 310.2 | 149.1 | 197.2 | 229.2 | 174.8 | 119.0 | 54.3 |
EBIT margin | 91.3% | 48.3% | 26.5% | 4.5% | 6.4% | 7.0% | 6.4% | 7.6% |
Pre-tax income | 660.7 | 404.4 | 221.0 | 172.3 | 214.8 | 163.8 | 127.4 | 52.3 |
Income taxes | 136.5 | 77.0 | 53.5 | 61.3 | 34.0 | 16.2 | 23.9 | 11.1 |
Tax rate | 20.7% | 19.0% | 24.2% | 35.6% | 15.8% | 9.9% | 18.7% | 21.3% |
Earnings from continuing ops | -44.5 | -13.0 | 7.3 | 74.3 | 151.4 | 123.1 | 100.0 | 42.4 |
Earnings from discontinued ops | 524.2 | 327.4 | 167.5 | | | | | |
Net income | 479.7 | 314.5 | 174.9 | 74.3 | 151.4 | 123.1 | 100.0 | 42.4 |
Net margin | 63.1% | 49.0% | 31.1% | 1.7% | 4.3% | 4.9% | 5.4% | 5.9% |
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Diluted EPS | ($0.38) | ($0.11) | $0.07 | $0.68 | $1.40 | $1.22 | $1.07 | $0.59 |
Shares outstanding (diluted) | 116.4 | 116.1 | 110.8 | 108.8 | 108.3 | 100.7 | 93.5 | 71.8 |
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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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