Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 6,395.3 | 5,307.1 | 5,314.8 | 5,125.7 | 4,581.7 | 4,315.5 | 2,949.8 | 311.6 |
Revenue growth | 20.5% | -0.1% | 3.7% | 11.9% | 6.2% | 46.3% | 846.8% | |
Cost of goods sold | 2,039.8 | 1,550.2 | 1,516.5 | 1,390.3 | 1,036.3 | 883.7 | 693.4 | 148.5 |
Gross profit | 4,355.5 | 3,756.9 | 3,798.3 | 3,735.4 | 3,545.3 | 3,431.8 | 2,256.3 | 163.0 |
Gross margin | 68.1% | 70.8% | 71.5% | 72.9% | 77.4% | 79.5% | 76.5% | 52.3% |
Selling, general and administrative | 1,930.0 | 1,789.0 | 1,723.6 | 1,406.5 | 1,247.0 | 1,209.2 | 858.9 | 84.1 |
Research and development | | | | | 5.0 | 12.0 | 34.0 | |
EBITA | 1,648.9 | 1,225.2 | 1,263.0 | 1,541.9 | 1,569.0 | 1,511.6 | 964.7 | -39.8 |
EBITA margin | 25.8% | 23.1% | 23.8% | 30.1% | 34.2% | 35.0% | 32.7% | -12.8% |
Amortization of intangibles | 934.7 | 1,210.0 | 1,222.4 | 1,238.1 | 1,206.5 | 1,164.3 | 800.2 | |
EBIT | 714.2 | 15.3 | 40.6 | 303.9 | 362.5 | 347.3 | 164.5 | -39.8 |
EBIT margin | 11.2% | 0.3% | 0.8% | 5.9% | 7.9% | 8.0% | 5.6% | -12.8% |
Pre-tax income | 185.8 | -471.2 | -778.9 | -522.2 | -632.6 | -421.7 | -802.7 | -84.6 |
Income taxes | 48.6 | -130.4 | -146.7 | -98.0 | -23.5 | -764.3 | -266.2 | -30.4 |
Tax rate | 26.1% | 27.7% | 18.8% | 18.8% | 3.7% | 181.3% | 33.2% | 35.9% |
Net income | 132.7 | -340.8 | -632.2 | -424.2 | -609.2 | 342.6 | -536.6 | -54.3 |
Net margin | 2.1% | -6.4% | -11.9% | -8.3% | -13.3% | 7.9% | -18.2% | -17.4% |
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Diluted EPS | $0.14 | ($0.41) | ($0.81) | ($0.57) | ($0.81) | $0.53 | ($0.84) | ($0.08) |
Shares outstanding (diluted) | 969.8 | 825.4 | 778.4 | 747.2 | 747.7 | 641.1 | 640.7 | 640.7 |
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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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