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 | 1,152.3 | 1,053.3 | 1,168.3 | 1,234.3 | 1,283.2 | 1,275.8 | 1,266.0 | 1,236.6 |
Revenue growth | 9.4% | -9.8% | -5.4% | -3.8% | 0.6% | 0.8% | 2.4% | 7.9% |
Cost of goods sold | 297.8 | 280.6 | 295.9 | 313.6 | 315.2 | 307.9 | 310.4 | 308.7 |
Gross profit | 854.5 | 772.6 | 872.4 | 920.7 | 968.0 | 967.9 | 955.6 | 927.9 |
Gross margin | 74.2% | 73.4% | 74.7% | 74.6% | 75.4% | 75.9% | 75.5% | 75.0% |
Selling, general and administrative | | | | | | | | |
General and administrative | 105.5 | 98.3 | 102.3 | 93.6 | 92.2 | 92.2 | 98.5 | 80.2 |
EBITA | 137.4 | 57.7 | 143.2 | 133.1 | 571.3 | 567.9 | 531.9 | 225.6 |
EBITA margin | 11.9% | 5.5% | 12.3% | 10.8% | 44.5% | 44.5% | 42.0% | 18.2% |
Amortization of intangibles | 15.2 | 19.1 | 25.8 | 35.2 | 46.2 | 60.0 | 88.1 | 120.3 |
EBIT | 122.2 | 38.6 | 117.4 | 97.9 | 525.1 | 507.9 | 443.8 | 105.3 |
EBIT margin | 10.6% | 3.7% | 10.0% | 7.9% | 40.9% | 39.8% | 35.1% | 8.5% |
Pre-tax income | 0.0 | 0.0 | 0.0 | 0.0 | 295.4 | 277.7 | 197.1 | 110.6 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 90.5 |
Tax rate | | | | | 0.0% | 0.0% | 0.0% | 81.8% |
Earnings from continuing ops | 270.2 | 121.2 | 274.8 | 366.3 | 300.3 | 275.5 | 193.6 | 68.8 |
Earnings from discontinued ops | | | | | | | | 20.1 |
Net income | 270.2 | 121.2 | 274.8 | 366.3 | 300.3 | 275.5 | 193.6 | 88.9 |
Net margin | 23.4% | 11.5% | 23.5% | 29.7% | 23.4% | 21.6% | 15.3% | 7.2% |
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Diluted EPS | $0.90 | $0.41 | $0.92 | $1.21 | $0.98 | $0.90 | $0.63 | $0.28 |
Shares outstanding (diluted) | 298.8 | 297.9 | 299.3 | 302.3 | 305.3 | 305.1 | 305.0 | 244.6 |
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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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