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 | 1,847.9 | 2,216.1 | 2,091.3 | 4,058.4 | 1,992.2 | 1,872.5 | 1,361.4 | 1,073.4 |
Revenue growth | -16.6% | 6.0% | -48.5% | 103.7% | 6.4% | 37.5% | 26.8% | 27.2% |
Cost of goods sold | 1,930.3 | 2,225.6 | 2,121.0 | 2,025.2 | 1,897.6 | 1,779.6 | 1,266.3 | 994.1 |
Gross profit | -82.5 | -9.5 | -29.7 | 2,033.2 | 94.6 | 92.9 | 95.1 | 79.2 |
Gross margin | -4.5% | -0.4% | -1.4% | 50.1% | 4.7% | 5.0% | 7.0% | 7.4% |
Selling, general and administrative | 2,169.8 | 2,274.6 | 2,127.7 | 2,437.0 | 1,929.8 | 1,806.2 | 1,282.6 | 9.5 |
EBITA | -135.1 | -45.2 | -58.3 | -21.5 | 71.3 | 74.4 | 82.6 | 71.4 |
EBITA margin | -7.3% | -2.0% | -2.8% | -0.5% | 3.6% | 4.0% | 6.1% | 6.7% |
Amortization of intangibles | 6.4 | 7.1 | 9.2 | 8.6 | 8.4 | 5.8 | 2.9 | 1.7 |
EBIT | -141.5 | -52.3 | -67.5 | -30.1 | 62.9 | 68.6 | 79.7 | 69.7 |
EBIT margin | -7.7% | -2.4% | -3.2% | -0.7% | 3.2% | 3.7% | 5.9% | 6.5% |
Pre-tax income | -344.6 | -175.4 | -116.4 | -426.6 | 42.9 | 53.0 | 71.0 | 60.9 |
Income taxes | -3.7 | -9.8 | -25.2 | -66.3 | 17.3 | 20.2 | 25.0 | 23.4 |
Tax rate | 1.1% | 5.6% | 21.6% | 15.5% | 40.3% | 38.2% | 35.3% | 38.4% |
Net income | -340.9 | -165.6 | -91.2 | -360.3 | 25.6 | 32.7 | 45.9 | 37.5 |
Net margin | -18.5% | -7.5% | -4.4% | -8.9% | 1.3% | 1.7% | 3.4% | 3.5% |
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Diluted EPS | ($10.62) | ($107.39) | ($59.37) | ($9.40) | $0.65 | $0.83 | $1.21 | $1.16 |
Shares outstanding (diluted) | 32.1 | 1.5 | 1.5 | 38.3 | 39.2 | 39.3 | 37.9 | 32.4 |
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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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