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 | 789.0 | 2,660.0 | 2,190.0 | 619.1 | 1,101.0 | 1,136.4 | 904.5 | 710.1 |
Revenue growth | -70.3% | 21.5% | 253.7% | -43.8% | -3.1% | 25.6% | 27.4% | 70.5% |
Cost of goods sold | 61.0 | 631.0 | 895.0 | 77.4 | 792.4 | 803.7 | 679.4 | 28.1 |
Gross profit | 728.0 | 2,029.0 | 1,295.0 | 541.7 | 308.5 | 332.7 | 225.0 | 682.0 |
Gross margin | 92.3% | 76.3% | 59.1% | 87.5% | 28.0% | 29.3% | 24.9% | 96.0% |
Selling, general and administrative | | | | | | | | |
General and administrative | 367.0 | 502.0 | 413.0 | 348.8 | 436.0 | 423.7 | 389.2 | 337.1 |
EBITA | 553.0 | 1,983.0 | 1,049.0 | -7.7 | 461.2 | 541.6 | 411.5 | 363.7 |
EBITA margin | 70.1% | 74.5% | 47.9% | -1.2% | 41.9% | 47.7% | 45.5% | 51.2% |
Amortization of intangibles | | 2.0 | | 3.6 | 4.3 | 6.4 | | |
EBIT | 553.0 | 1,981.0 | 1,049.0 | -11.3 | 457.0 | 535.2 | 411.5 | 363.7 |
EBIT margin | 70.1% | 74.5% | 47.9% | -1.8% | 41.5% | 47.1% | 45.5% | 51.2% |
Pre-tax income | 515.0 | 1,735.0 | 933.0 | -217.5 | 314.4 | 327.3 | 225.0 | 227.3 |
Income taxes | 27.0 | 24.0 | 12.0 | -3.7 | -6.4 | 34.9 | 12.7 | 5.6 |
Tax rate | 5.2% | 1.4% | 1.3% | 1.7% | | 10.7% | 5.6% | 2.5% |
Earnings from continuing ops | 437.0 | 1,703.0 | 895.0 | -163.8 | 300.5 | 252.8 | 434.7 | 208.2 |
Earnings from discontinued ops | | 16.0 | 7.0 | 1.5 | 11.0 | 12.0 | -2.0 | 5.5 |
Net income | 437.0 | 1,719.0 | 902.0 | -162.4 | 311.5 | 264.8 | 432.7 | 213.7 |
Net margin | 55.4% | 64.6% | 41.2% | -26.2% | 28.3% | 23.3% | 47.8% | 30.1% |
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Diluted EPS | $21.71 | $78.05 | $41.10 | ($7.84) | $15.39 | $13.00 | $22.40 | $11.15 |
Shares outstanding (diluted) | 20.1 | 21.8 | 21.8 | 20.9 | 19.5 | 19.4 | 19.4 | 18.7 |
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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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