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 | 5,152.4 | 3,973.2 | 2,017.5 | 2,689.8 | 2,375.4 | 1,939.4 | 2,126.9 | 1,188.2 |
Revenue growth | 29.7% | 96.9% | -25.0% | 13.2% | 22.5% | -8.8% | 79.0% | |
Cost of goods sold | 3,163.9 | 2,568.3 | 1,239.2 | 1,677.3 | 1,477.5 | 1,222.7 | 1,347.8 | 0.0 |
Gross profit | 1,988.5 | 1,404.9 | 778.3 | 1,012.5 | 897.9 | 716.7 | 779.1 | 1,188.2 |
Gross margin | 38.6% | 35.4% | 38.6% | 37.6% | 37.8% | 37.0% | 36.6% | 100.0% |
Selling, general and administrative | 1,028.0 | 789.3 | 409.6 | 434.6 | 446.2 | 415.1 | 427.0 | 251.4 |
EBITA | 887.2 | 414.6 | 299.4 | 568.8 | 229.6 | 253.0 | 331.4 | 235.4 |
EBITA margin | 17.2% | 10.4% | 14.8% | 21.1% | 9.7% | 13.0% | 15.6% | 19.8% |
Amortization of intangibles | 332.9 | 335.1 | 105.3 | 125.8 | 118.9 | 124.2 | 115.4 | 113.3 |
EBIT | 554.3 | 79.5 | 194.1 | 443.0 | 110.7 | 128.8 | 216.0 | 122.1 |
EBIT margin | 10.8% | 2.0% | 9.6% | 16.5% | 4.7% | 6.6% | 10.2% | 10.3% |
Pre-tax income | 513.0 | -45.4 | 110.2 | 349.5 | -112.7 | -63.2 | -366.7 | -112.9 |
Income taxes | -21.8 | 11.4 | 12.9 | 80.1 | -131.2 | -31.9 | -14.7 | 23.0 |
Tax rate | | | 11.7% | 22.9% | 116.4% | 50.5% | 4.0% | |
Earnings from continuing ops | 520.9 | -114.5 | 97.3 | 269.4 | 18.4 | -36.6 | -351.2 | -135.0 |
Earnings from discontinued ops | 41.6 | 24.4 | 61.8 | | | | | |
Net income | 562.5 | -90.1 | 159.1 | 269.4 | 18.4 | -36.6 | -351.2 | -135.0 |
Net margin | 10.9% | -2.3% | 7.9% | 10.0% | 0.8% | -1.9% | -16.5% | -11.4% |
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Diluted EPS | $1.24 | ($0.30) | $0.47 | $1.29 | $0.10 | ($0.25) | ($2.35) | ($0.91) |
Shares outstanding (diluted) | 421.2 | 382.8 | 208.9 | 209.1 | 188.4 | 149.2 | 149.6 | 148.9 |
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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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