Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-30-18 | Dec-31-17 | Dec-25-16 | Dec-27-15 |
Revenues | 2,945.3 | 3,208.1 | 3,405.7 | 1,867.9 | 1,526.0 | 1,342.0 | 1,255.4 | 1,195.8 |
Revenue growth | -8.2% | -5.8% | 82.3% | 22.4% | 13.7% | 6.9% | 5.0% | 83.3% |
Cost of goods sold | 1,860.4 | 1,901.6 | 2,034.3 | 1,079.6 | 865.2 | 742.8 | 699.3 | 656.6 |
Gross profit | 1,085.0 | 1,306.5 | 1,371.4 | 788.3 | 660.8 | 599.2 | 556.0 | 539.3 |
Gross margin | 36.8% | 40.7% | 40.3% | 42.2% | 43.3% | 44.6% | 44.3% | 45.1% |
Selling, general and administrative | 852.5 | 902.1 | 999.8 | 602.1 | 502.6 | 447.1 | 415.8 | 406.3 |
EBITA | 55.4 | 273.6 | 202.7 | 83.0 | 141.3 | 127.6 | 93.1 | 81.5 |
EBITA margin | 1.9% | 8.5% | 6.0% | 4.4% | 9.3% | 9.5% | 7.4% | 6.8% |
Amortization of intangibles | | 103.1 | 108.5 | 44.7 | 34.0 | 24.0 | 20.6 | 16.3 |
EBIT | 55.4 | 170.5 | 94.2 | 38.3 | 107.3 | 103.6 | 72.5 | 65.2 |
EBIT margin | 1.9% | 5.3% | 2.8% | 2.0% | 7.0% | 7.7% | 5.8% | 5.5% |
Pre-tax income | -76.9 | -87.9 | -705.8 | -207.2 | 20.0 | -0.4 | 29.3 | 71.0 |
Income taxes | 1.3 | 48.3 | -33.5 | -86.0 | 1.9 | 0.5 | -2.3 | 3.4 |
Tax rate | | | 4.7% | 41.5% | 9.6% | | | 4.8% |
Net income | 0.0 | -135.0 | -670.5 | -119.8 | 18.1 | -0.9 | 31.6 | 67.6 |
Net margin | 0.0% | -4.2% | -19.7% | -6.4% | 1.2% | -0.1% | 2.5% | 5.7% |
|
Diluted EPS | | ($1.00) | ($5.09) | ($1.77) | $0.31 | ($0.02) | $0.70 | $1.53 |
Shares outstanding (diluted) | | 134.8 | 131.7 | 67.7 | 58.4 | 53.0 | 45.3 | 44.2 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|