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 |
Revenues | 3,602.3 | 3,155.7 | 3,785.1 | 3,707.6 | 2,416.9 |
Revenue growth | 14.2% | -16.6% | 2.1% | 53.4% | |
Cost of goods sold | 2,825.2 | 2,296.4 | 2,931.4 | 3,187.8 | 1,892.7 |
Gross profit | 777.1 | 859.3 | 853.7 | 519.8 | 524.2 |
Gross margin | 21.6% | 27.2% | 22.6% | 14.0% | 21.7% |
Selling, general and administrative | 168.1 | 306.3 | 175.4 | 152.5 | 135.4 |
EBITA | 428.9 | 258.2 | 403.6 | 330.9 | 357.9 |
EBITA margin | 11.9% | 8.2% | 10.7% | 8.9% | 14.8% |
Amortization of intangibles | 198.9 | 191.2 | 189.9 | 188.8 | 149.1 |
EBIT | 230.0 | 67.0 | 213.7 | 142.1 | 208.8 |
EBIT margin | 6.4% | 2.1% | 5.6% | 3.8% | 8.6% |
Pre-tax income | 91.2 | -180.4 | -18.4 | -1,319.6 | 29.2 |
Income taxes | 33.6 | -5.3 | 1.4 | -168.3 | -358.8 |
Tax rate | 36.9% | 3.0% | | 12.8% | |
Net income | 54.5 | -175.8 | -21.2 | -1,157.3 | 386.4 |
Net margin | 1.5% | -5.6% | -0.6% | -31.2% | 16.0% |
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Diluted EPS | $0.17 | ($0.79) | ($0.10) | ($5.68) | $3,825,792.08 |
Shares outstanding (diluted) | 321.0 | 223.2 | 203.8 | 203.8 | 0.0 |
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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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