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-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 2,208.0 | 1,467.6 | 2,294.4 | 2,451.8 | 2,324.6 | 2,579.0 | 2,940.3 | 3,019.3 |
Revenue growth | 50.5% | -36.0% | -6.4% | 5.5% | | -12.3% | -2.6% | -20.0% |
Cost of goods sold | 1,840.9 | 1,797.7 | 2,051.5 | 2,172.6 | 0.0 | 2,172.8 | 2,566.2 | 2,663.1 |
Gross profit | 367.1 | -330.1 | 242.9 | 279.1 | 2,324.6 | 406.2 | 374.1 | 356.1 |
Gross margin | 16.6% | -22.5% | 10.6% | 11.4% | 100.0% | 15.8% | 12.7% | 11.8% |
Selling, general and administrative | 92.3 | 82.4 | 95.8 | 100.3 | 88.0 | 5,438.3 | 114.2 | 133.4 |
EBIT | 368.0 | -144.4 | 210.4 | 265.4 | 234.3 | -370.5 | -125.4 | -188.8 |
EBIT margin | 16.7% | -9.8% | 9.2% | 10.8% | 10.1% | -14.4% | -4.3% | -6.3% |
Pre-tax income | 339.4 | -344.6 | 234.0 | 260.1 | 203.2 | -3,286.5 | -532.7 | -1,080.7 |
Income taxes | 1.9 | 0.0 | 0.2 | -52.5 | -35.3 | -373.4 | 25.6 | -335.5 |
Tax rate | 0.6% | 0.0% | 0.1% | | | 11.4% | | 31.0% |
Earnings from continuing ops | 337.6 | -344.6 | 233.8 | 312.6 | 238.5 | | -558.4 | -1,490.5 |
Earnings from discontinued ops | | | | | | | | 103.4 |
Net income | 337.6 | -344.6 | 233.8 | 312.6 | 238.5 | 0.0 | -558.4 | -1,387.1 |
Net margin | 15.3% | -23.5% | 10.2% | 12.7% | 10.3% | 0.0% | -19.0% | -45.9% |
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Diluted EPS | $19.20 | ($22.74) | $13.52 | $15.15 | $9.84 | $0.00 | ($26.31) | ($70.27) |
Shares outstanding (diluted) | 17.6 | 15.2 | 17.3 | 20.6 | 24.2 | 21.3 | 21.2 | 21.2 |
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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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