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 | 2,704.7 | 2,646.9 | 2,675.5 | 3,308.9 | 3,485.9 | 3,580.7 | 3,562.3 | 2,985.9 |
Revenue growth | 2.2% | -1.1% | -19.1% | -5.1% | -2.6% | 0.5% | 19.3% | 16.8% |
Cost of goods sold | 1,679.1 | 1,629.7 | 1,622.4 | 2,134.4 | 2,109.9 | 2,118.2 | 2,075.4 | 1,731.1 |
Gross profit | 1,025.6 | 1,017.2 | 1,053.1 | 1,174.5 | 1,376.0 | 1,462.5 | 1,486.9 | 1,254.8 |
Gross margin | 37.9% | 38.4% | 39.4% | 35.5% | 39.5% | 40.8% | 41.7% | 42.0% |
Selling, general and administrative | 887.5 | 946.6 | 897.6 | 1,055.1 | 1,165.6 | 1,395.6 | 1,053.1 | 767.2 |
EBITA | 277.7 | 190.2 | 156.8 | 163.7 | 327.9 | 185.3 | 563.1 | 533.1 |
EBITA margin | 10.3% | 7.2% | 5.9% | 4.9% | 9.4% | 5.2% | 15.8% | 17.9% |
Amortization of intangibles | 124.0 | 117.9 | 124.9 | 145.2 | 130.3 | 118.4 | 129.3 | 45.5 |
EBIT | 153.7 | 72.3 | 31.9 | 18.5 | 197.6 | 66.9 | 433.8 | 487.6 |
EBIT margin | 5.7% | 2.7% | 1.2% | 0.6% | 5.7% | 1.9% | 12.2% | 16.3% |
Pre-tax income | 78.9 | 0.7 | -56.0 | -362.8 | -275.4 | -107.9 | 328.1 | 410.9 |
Income taxes | 22.4 | 27.5 | -0.1 | -16.8 | -29.8 | -150.9 | 120.2 | 142.9 |
Tax rate | 28.4% | 3928.6% | 0.2% | 4.6% | 10.8% | 139.9% | 36.6% | 34.8% |
Net income | 56.0 | -27.8 | -57.3 | -346.8 | -253.3 | 23.4 | 178.2 | 256.9 |
Net margin | 2.1% | -1.1% | -2.1% | -10.5% | -7.3% | 0.7% | 5.0% | 8.6% |
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Diluted EPS | $0.61 | ($0.30) | ($0.63) | ($3.81) | ($2.91) | $0.27 | $2.08 | $2.98 |
Shares outstanding (diluted) | 92.4 | 91.8 | 91.5 | 91.0 | 87.1 | 85.6 | 85.6 | 86.2 |
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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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