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 | 12,434.9 | 14,157.9 | 15,454.5 | 18,851.0 | 19,521.0 | 19,036.5 | 18,114.0 | 21,531.6 |
Revenue growth | -12.2% | -8.4% | -18.0% | -3.4% | 2.5% | 5.1% | -15.9% | -21.3% |
Cost of goods sold | 12,023.3 | 13,758.4 | 15,660.5 | 18,281.6 | 18,902.5 | 18,246.2 | 17,019.4 | 20,132.5 |
Gross profit | 411.6 | 399.5 | -206.1 | 569.4 | 618.5 | 790.3 | 1,094.7 | 1,399.0 |
Gross margin | 3.3% | 2.8% | -1.3% | 3.0% | 3.2% | 4.2% | 6.0% | 6.5% |
General and administrative | 216.5 | 201.5 | 139.8 | 121.2 | 192.2 | 191.1 | 168.3 | 182.7 |
EBITA | -14.8 | 156.8 | -494.0 | 445.4 | 445.5 | 614.1 | 755.7 | 1,217.2 |
EBITA margin | -0.1% | 1.1% | -3.2% | 2.4% | 2.3% | 3.2% | 4.2% | 5.7% |
Amortization of intangibles | 1.2 | 3.1 | 15.9 | 19.1 | 19.2 | 14.8 | 1.0 | 0.9 |
EBIT | -15.9 | 153.6 | -509.9 | 426.3 | 426.3 | 599.2 | 754.6 | 1,216.3 |
EBIT margin | -0.1% | 1.1% | -3.3% | 2.3% | 2.2% | 3.1% | 4.2% | 5.6% |
Pre-tax income | -127.7 | 3.5 | -839.5 | 385.7 | 386.4 | 546.6 | 726.6 | 1,204.9 |
Income taxes | 16.5 | 15.9 | 482.0 | 173.3 | 122.0 | 219.2 | 245.9 | 352.8 |
Tax rate | | 453.8% | | 44.9% | 31.6% | 40.1% | 33.8% | 29.3% |
Earnings from continuing ops | -464.5 | -435.0 | -1,522.2 | 212.4 | 191.4 | 281.4 | 418.2 | 715.5 |
Earnings from discontinued ops | 0.0 | 0.0 | 0.0 | 20.4 | | | -5.7 | -204.6 |
Net income | -464.5 | -435.0 | -1,522.2 | 232.9 | 191.4 | 281.4 | 412.5 | 510.9 |
Net margin | -3.7% | -3.1% | -9.8% | 1.2% | 1.0% | 1.5% | 2.3% | 2.4% |
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Diluted EPS | ($3.29) | ($3.10) | ($10.87) | $1.50 | $1.36 | $2.00 | $2.85 | $4.48 |
Shares outstanding (diluted) | 141.3 | 140.5 | 140.1 | 141.3 | 140.9 | 140.9 | 146.7 | 159.6 |
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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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