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 | 3,790.8 | 4,641.8 | 5,318.8 | 4,450.8 | 4,454.7 | 4,757.2 | -4,058.7 | 4,920.5 |
Revenue growth | -18.3% | -12.7% | 19.5% | -0.1% | -6.4% | -217.2% | -182.5% | 9.5% |
Cost of goods sold | 3,761.1 | 4,175.4 | 4,832.6 | 4,209.1 | 4,000.2 | 4,302.8 | -4,515.9 | 4,564.2 |
Gross profit | 29.6 | 466.4 | 486.2 | 241.8 | 454.5 | 454.4 | 457.2 | 356.3 |
Gross margin | 0.8% | 10.0% | 9.1% | 5.4% | 10.2% | 9.6% | -11.3% | 7.2% |
Selling, general and administrative | | | | | | 0.0 | | |
General and administrative | 234.4 | 239.6 | 223.8 | 226.9 | 262.6 | 0.0 | 255.3 | 250.8 |
EBITA | -190.2 | 262.3 | 294.5 | 21.1 | 195.4 | 154.3 | 205.5 | 109.1 |
EBITA margin | -5.0% | 5.7% | 5.5% | 0.5% | 4.4% | 3.2% | -5.1% | 2.2% |
Amortization of intangibles | 14.5 | 35.5 | 32.2 | 6.2 | 3.5 | 3.5 | 3.5 | 3.7 |
EBIT | -204.8 | 226.8 | 262.3 | 14.9 | 191.9 | 150.8 | 201.9 | 105.4 |
EBIT margin | -5.4% | 4.9% | 4.9% | 0.3% | 4.3% | 3.2% | -5.0% | 2.1% |
Pre-tax income | -267.7 | 159.8 | 174.3 | -425.8 | 132.6 | 154.0 | 149.1 | 73.8 |
Income taxes | -75.1 | 25.6 | 21.9 | -65.6 | 34.8 | -0.6 | 53.3 | 28.5 |
Tax rate | 28.1% | 16.0% | 12.6% | 15.4% | 26.3% | | 35.7% | 38.7% |
Net income | -210.0 | 91.9 | 108.4 | -387.7 | 83.4 | 148.4 | 95.8 | 45.3 |
Net margin | -5.5% | 2.0% | 2.0% | -8.7% | 1.9% | 3.1% | -2.4% | 0.9% |
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Diluted EPS | ($4.09) | $1.79 | $2.12 | ($7.72) | $1.66 | $2.92 | $1.92 | $0.91 |
Shares outstanding (diluted) | 51.3 | 51.4 | 51.1 | 50.2 | 50.3 | 50.8 | 49.9 | 49.7 |
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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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