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In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-05-17 |
| 10-K/A | 10-K/A | 10-K/A | 10-K/A | 10-K | 8-K | 10-K | 8-K |
Total revenues [+] | 3,922.0 | 4,231.0 | 3,339.0 | 4,022.0 | 3,986.0 | 3,986.3 | 3,993.4 | 3,993.4 |
Products | 3,922.0 | 4,231.0 | 3,339.0 | | | 3,986.3 | | 3,993.4 |
Revenue growth | -7.3% | 26.7% | -17.0% | 0.9% | -0.2% | -0.2% | 6.6% | |
Cost of goods sold | 1,795.0 | 1,884.0 | 1,683.0 | 1,858.0 | 1,918.0 | 1,918.5 | 1,804.9 | 1,804.9 |
Gross profit | 2,127.0 | 2,347.0 | 1,656.0 | 2,164.0 | 2,068.0 | 2,067.8 | 2,188.5 | 2,188.5 |
Gross margin | 54.2% | 55.5% | 49.6% | 53.8% | 51.9% | 51.9% | 54.8% | 54.8% |
Selling, general and administrative | 1,589.0 | 1,551.0 | 1,302.0 | 1,587.0 | 1,719.0 | 1,719.1 | 1,674.7 | 1,674.7 |
Research and development | 174.0 | 171.0 | 123.0 | 143.0 | | | | |
Equity in earnings | | | | | | | | |
Other operating expenses | | | | | 221.0 | | 425.2 | |
EBITDA [+] | 692.0 | 971.0 | 565.0 | 757.0 | 459.0 | 877.4 | 405.0 | 1,019.3 |
EBITDA growth | -28.7% | 71.9% | -25.4% | 64.9% | 13.3% | -13.9% | -46.0% | |
EBITDA margin | 17.6% | 22.9% | 16.9% | 18.8% | 11.5% | 22.0% | 10.1% | 25.5% |
Depreciation | 119.0 | 124.0 | 142.0 | 133.0 | 133.0 | 330.8 | 127.3 | 316.4 |
EBITA | 573.0 | 847.0 | 423.0 | 624.0 | 326.0 | 546.6 | 277.7 | 702.9 |
EBITA margin | 14.6% | 20.0% | 12.7% | 15.5% | 8.2% | 13.7% | 7.0% | 17.6% |
Amortization of intangibles | 209.0 | 222.0 | 192.0 | 190.0 | 198.0 | 197.9 | 189.1 | 189.1 |
EBIT [+] | 364.0 | 625.0 | 231.0 | 434.0 | 128.0 | 348.7 | 88.6 | 513.8 |
EBIT growth | -41.8% | 170.6% | -46.8% | 239.1% | 44.5% | -32.1% | -81.5% | |
EBIT margin | 9.3% | 14.8% | 6.9% | 10.8% | 3.2% | 8.7% | 2.2% | 12.9% |
Non-recurring items [+] | 1,301.0 | 17.0 | 234.0 | 81.0 | 1,086.0 | 1,306.8 | 1,650.9 | 2,076.1 |
Asset impairment | 1,301.0 | 17.0 | 234.0 | 81.0 | 1,086.0 | 1,085.8 | 1,650.9 | 1,650.9 |
Interest expense, net [+] | 60.0 | 55.0 | 46.0 | 27.0 | 35.0 | | 35.9 | |
Interest expense | 60.0 | 55.0 | 46.0 | 27.0 | 37.0 | | 38.3 | |
Interest income | | | | | 2.0 | | 2.4 | |
Other income (expense), net | -58.0 | -8.0 | -1.0 | 12.0 | 35.0 | -0.3 | -5.3 | -41.2 |
Pre-tax income | -1,055.0 | 545.0 | -50.0 | 338.0 | -958.0 | -958.4 | -1,603.5 | -1,603.5 |
Income taxes | -105.0 | 134.0 | 23.0 | 82.0 | 53.0 | 52.5 | -53.2 | -53.2 |
Tax rate | 10.0% | 24.6% | | 24.3% | | | 3.3% | 3.3% |
Minority interest | | | | | | | -0.3 | |
Net income | -950.0 | 411.0 | -73.0 | 256.0 | -1,011.0 | -1,010.9 | -1,550.0 | -1,550.3 |
Net margin | -24.2% | 9.7% | -2.2% | 6.4% | -25.4% | -25.4% | -38.8% | -38.8% |
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Basic EPS [+] | ($4.41) | $1.88 | ($0.33) | $1.15 | ($4.51) | ($4.51) | ($6.76) | ($6.76) |
Growth | -334.3% | -665.1% | -129.0% | -125.5% | -33.3% | -33.3% | -442.6% | |
Diluted EPS [+] | ($4.41) | $1.87 | ($0.33) | $1.14 | ($4.51) | ($4.51) | ($6.76) | ($6.76) |
Growth | -336.2% | -660.5% | -129.2% | -125.3% | -33.3% | -33.3% | -448.3% | |
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Dividends per share [+] | $0.50 | $0.43 | $0.40 | $0.38 | $0.35 | $0.35 | $0.35 | $0.34 |
Growth | 16.3% | 7.5% | 5.3% | 8.6% | 0.0% | 2.7% | 12.9% | |
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Shares outstanding (basic) [+] | 215.5 | 218.4 | 219.2 | 223.1 | 224.3 | 224.3 | 229.4 | 229.4 |
Growth | -1.3% | -0.4% | -1.7% | -0.5% | -2.2% | -2.2% | 5.2% | |
Shares outstanding (diluted) [+] | 215.5 | 220.2 | 219.2 | 224.4 | 224.3 | 224.3 | 229.4 | 229.4 |
Growth | -2.1% | 0.5% | -2.3% | 0.0% | -2.2% | -2.2% | 3.5% | |
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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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