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-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 2,246.7 | 2,171.4 | 2,838.4 | 2,970.7 | 2,214.4 | 1,770.7 | 2,147.5 | 2,566.3 |
Revenue growth | 3.5% | -23.5% | -4.5% | 34.2% | 25.1% | -17.5% | -16.3% | 14.5% |
Cost of goods sold | 1,653.0 | 1,510.8 | 2,030.0 | 2,163.3 | 1,558.1 | 1,124.7 | 1,362.4 | 1,694.9 |
Gross profit | 593.7 | 660.6 | 808.4 | 807.3 | 656.3 | 646.0 | 785.2 | 871.4 |
Gross margin | 26.4% | 30.4% | 28.5% | 27.2% | 29.6% | 36.5% | 36.6% | 34.0% |
Selling, general and administrative | 303.2 | 300.3 | 319.3 | 343.6 | 249.6 | 197.6 | 213.9 | 227.1 |
General and administrative | 36.3 | 42.0 | 41.9 | 39.3 | 29.2 | 22.7 | 20.7 | 16.7 |
EBITA | 78.8 | 149.5 | 276.3 | 253.5 | 215.4 | 256.5 | 388.0 | 475.4 |
EBITA margin | 3.5% | 6.9% | 9.7% | 8.5% | 9.7% | 14.5% | 18.1% | 18.5% |
Amortization of intangibles | 7.8 | 9.2 | 15.0 | 16.8 | 11.3 | 8.5 | 8.5 | |
EBIT | 71.1 | 140.3 | 261.2 | 236.8 | 204.1 | 248.0 | 379.4 | 475.4 |
EBIT margin | 3.2% | 6.5% | 9.2% | 8.0% | 9.2% | 14.0% | 17.7% | 18.5% |
Pre-tax income | -290.6 | -461.4 | 189.8 | 114.2 | 73.0 | 227.7 | -32.1 | 454.4 |
Income taxes | -43.8 | -189.8 | 46.8 | 35.1 | -240.9 | 84.9 | -133.7 | 169.8 |
Tax rate | 15.1% | 41.1% | 24.7% | 30.7% | | 37.3% | 417.3% | 37.4% |
Net income | -247.0 | -272.5 | 142.3 | 78.5 | 313.2 | 141.4 | 226.7 | 282.0 |
Net margin | -11.0% | -12.6% | 5.0% | 2.6% | 14.1% | 8.0% | 10.6% | 11.0% |
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Diluted EPS | ($4.11) | ($4.55) | $2.38 | $1.31 | $5.66 | $2.64 | $4.13 | $4.96 |
Shares outstanding (diluted) | 60.1 | 59.9 | 59.9 | 59.7 | 55.4 | 53.5 | 54.8 | 56.9 |
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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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