Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 2,463.0 | 2,960.0 | 3,431.0 | 2,803.0 | 2,272.0 | 2,418.0 | 3,367.0 | 2,489.0 |
Revenue growth | -16.8% | -13.7% | 22.4% | 23.4% | -6.0% | -28.2% | 35.3% | 161.4% |
Cost of goods sold | 1,477.0 | 1,802.0 | 2,298.0 | 1,834.0 | 1,456.0 | 495.0 | 497.0 | 424.0 |
Gross profit | 986.0 | 1,158.0 | 1,133.0 | 969.0 | 816.0 | 1,923.0 | 2,870.0 | 2,065.0 |
Gross margin | 40.0% | 39.1% | 33.0% | 34.6% | 35.9% | 79.5% | 85.2% | 83.0% |
Selling, general and administrative | | | | | | | | |
General and administrative | 98.0 | 103.0 | 113.0 | 95.0 | 98.0 | 103.0 | 107.0 | 71.0 |
EBITA | 345.0 | 734.0 | 721.0 | 587.0 | 449.0 | 478.0 | 641.0 | 514.0 |
EBITA margin | 14.0% | 24.8% | 21.0% | 20.9% | 19.8% | 19.8% | 19.0% | 20.7% |
Amortization of intangibles | 62.0 | 62.0 | 47.0 | 31.0 | 27.0 | 27.0 | 27.0 | 18.0 |
EBIT | 283.0 | 672.0 | 674.0 | 556.0 | 422.0 | 451.0 | 614.0 | 496.0 |
EBIT margin | 11.5% | 22.7% | 19.6% | 19.8% | 18.6% | 18.7% | 18.2% | 19.9% |
Pre-tax income | 83.0 | 399.0 | 522.0 | 436.0 | 314.0 | -771.0 | 535.0 | 426.0 |
Income taxes | 0.0 | -1.0 | -1.0 | -1.0 | 1.0 | 0.0 | 2.0 | -1,192.0 |
Tax rate | 0.0% | | | | 0.3% | 0.0% | 0.4% | |
Net income | 52.0 | 360.0 | 485.0 | 400.0 | 290.0 | -752.0 | 530.0 | 289.0 |
Net margin | 2.1% | 12.2% | 14.1% | 14.3% | 12.8% | -31.1% | 15.7% | 11.6% |
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Diluted EPS | $0.12 | $0.82 | $1.11 | $0.92 | $0.68 | ($1.78) | $1.29 | |
Shares outstanding (diluted) | 438.0 | 437.0 | 436.0 | 434.0 | 424.0 | 422.0 | 412.0 | |
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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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