Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 4,592.0 | 4,151.0 | 2,586.0 | 1,635.0 | 1,823.0 | 2,679.0 | 2,338.4 | 1,836.6 |
Revenue growth | 10.6% | 60.5% | 58.2% | -10.3% | -32.0% | 14.6% | 27.3% | 12.6% |
Cost of goods sold | 1,736.0 | 1,221.0 | 542.0 | 696.0 | 1,477.0 | 1,579.7 | 586.4 | 260.3 |
Gross profit | 2,856.0 | 2,930.0 | 2,044.0 | 939.0 | 346.0 | 1,099.3 | 1,752.0 | 1,576.3 |
Gross margin | 62.2% | 70.6% | 79.0% | 57.4% | 19.0% | 41.0% | 74.9% | 85.8% |
General and administrative | 675.0 | 616.0 | 443.0 | 357.0 | 382.0 | 204.2 | 169.8 | 133.8 |
EBITA | 16.0 | 2,169.0 | 396.0 | -662.0 | 443.0 | 1,538.4 | 683.0 | 852.1 |
EBITA margin | 0.3% | 52.3% | 15.3% | -40.5% | 24.3% | 57.4% | 29.2% | 46.4% |
Amortization of intangibles | | | | | 1.0 | 1.5 | 1.5 | 1.5 |
EBIT | 16.0 | 2,169.0 | 396.0 | -662.0 | 442.0 | 1,536.9 | 681.5 | 850.6 |
EBIT margin | 0.3% | 52.3% | 15.3% | -40.5% | 24.2% | 57.4% | 29.1% | 46.3% |
Pre-tax income | -859.0 | 2,889.0 | 881.0 | -2,338.0 | 97.0 | 856.0 | 357.2 | 659.3 |
Income taxes | -154.0 | 603.0 | -75.0 | -876.0 | 31.0 | 317.8 | 118.2 | 251.0 |
Tax rate | 17.9% | 20.9% | | 37.5% | 32.0% | 37.1% | 33.1% | 38.1% |
Earnings from continuing ops | -705.0 | 2,286.0 | 956.0 | -1,462.0 | 66.0 | 538.2 | 238.9 | 408.2 |
Earnings from discontinued ops | | | | | | | 12.1 | 23.5 |
Net income | -705.0 | 2,286.0 | 956.0 | -1,462.0 | 66.0 | 538.2 | 251.0 | 431.7 |
Net margin | -15.4% | 55.1% | 37.0% | -89.4% | 3.6% | 20.1% | 10.7% | 23.5% |
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Diluted EPS | ($3.54) | $13.35 | $6.46 | ($10.85) | $0.55 | $4.93 | $2.30 | $3.93 |
Shares outstanding (diluted) | 199.0 | 171.2 | 148.0 | 134.8 | 120.4 | 109.1 | 103.9 | 104.0 |
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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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