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 | 433.9 | 486.6 | 531.1 | 573.2 | 549.6 | 512.8 | 514.4 | 489.2 |
Revenue growth | -10.8% | -8.4% | -7.3% | 4.3% | 7.2% | -0.3% | 5.2% | 8.4% |
Cost of goods sold | 62.6 | 60.8 | 69.3 | 75.6 | 327.7 | 300.5 | 156.1 | 154.6 |
Gross profit | 371.4 | 425.8 | 461.9 | 497.5 | 221.8 | 212.4 | 358.3 | 334.6 |
Gross margin | 85.6% | 87.5% | 87.0% | 86.8% | 40.4% | 41.4% | 69.7% | 68.4% |
General and administrative | 37.4 | 35.9 | 25.0 | 28.1 | 26.6 | 27.5 | 24.9 | 25.4 |
EBIT | 147.0 | 206.2 | 245.0 | 265.9 | 276.3 | 204.1 | 205.4 | 197.6 |
EBIT margin | 33.9% | 42.4% | 46.1% | 46.4% | 50.3% | 39.8% | 39.9% | 40.4% |
Pre-tax income | 80.2 | 302.8 | 321.7 | 323.6 | 263.0 | 121.5 | 117.6 | 125.9 |
Income taxes | 0.5 | 1.0 | 1.4 | 0.0 | 6.9 | -0.1 | 1.3 | -7.0 |
Tax rate | 0.6% | 0.3% | 0.4% | | 2.6% | | 1.1% | |
Earnings from continuing ops | 112.1 | 315.4 | 327.6 | 335.3 | 238.9 | 160.8 | 232.2 | 52.7 |
Earnings from discontinued ops | | | | | | | 44.9 | 131.4 |
Net income | 112.1 | 315.4 | 327.6 | 335.3 | 238.9 | 160.8 | 277.2 | 184.1 |
Net margin | 25.8% | 64.8% | 61.7% | 58.5% | 43.5% | 31.4% | 53.9% | 37.6% |
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Diluted EPS | $0.88 | $2.42 | $2.55 | $2.58 | $1.86 | $1.29 | $1.87 | $0.43 |
Shares outstanding (diluted) | 128.2 | 130.1 | 128.4 | 130.1 | 128.6 | 124.3 | 124.4 | 122.5 |
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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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