Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 2,551.1 | 2,447.3 | 2,351.4 | 2,221.0 | 2,148.2 | 2,076.0 | 2,002.0 | 2,035.0 |
Revenue growth | 4.2% | 4.1% | 5.9% | 3.4% | 3.5% | 3.7% | -1.6% | |
Cost of goods sold | 1,630.4 | 1,506.0 | 1,430.6 | 1,340.4 | 1,323.9 | 1,266.0 | 1,191.0 | 1,211.0 |
Gross profit | 920.7 | 941.3 | 920.7 | 880.6 | 824.3 | 810.0 | 811.0 | 824.0 |
Gross margin | 36.1% | 38.5% | 39.2% | 39.6% | 38.4% | 39.0% | 40.5% | 40.5% |
Selling, general and administrative | 505.1 | 444.7 | 509.2 | 455.9 | 430.5 | 396.0 | 446.0 | 397.0 |
EBITA | 257.6 | 332.6 | 249.2 | 261.9 | 236.9 | 298.0 | 64.0 | 200.0 |
EBITA margin | 10.1% | 13.6% | 10.6% | 11.8% | 11.0% | 14.4% | 3.2% | 9.8% |
Amortization of intangibles | 40.7 | 40.9 | 47.1 | 72.0 | 77.0 | 80.0 | | |
EBIT | 216.9 | 291.7 | 202.1 | 189.9 | 159.9 | 218.0 | 64.0 | 200.0 |
EBIT margin | 8.5% | 11.9% | 8.6% | 8.5% | 7.4% | 10.5% | 3.2% | 9.8% |
Pre-tax income | 85.5 | 170.5 | 44.8 | 48.0 | 130.9 | -197.0 | -202.0 | -240.0 |
Income taxes | 38.1 | 32.2 | 29.8 | 27.1 | -38.5 | -20.0 | -23.0 | -29.0 |
Tax rate | 44.5% | 18.9% | 66.4% | 56.5% | | 10.2% | 11.4% | 12.1% |
Earnings from continuing ops | 44.9 | 140.5 | 16.8 | 16.3 | 86.5 | -417.0 | -598.0 | -208.0 |
Earnings from discontinued ops | 27.7 | 2.0 | | | | 4.0 | 7.0 | 306.0 |
Net income | 72.6 | 142.5 | 16.8 | 16.3 | 86.5 | -413.0 | -591.0 | 98.0 |
Net margin | 2.8% | 5.8% | 0.7% | 0.7% | 4.0% | -19.9% | -29.5% | 4.8% |
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Diluted EPS | $0.35 | $1.11 | $0.13 | $0.13 | $0.98 | ($9.16) | ($73.56) | ($0.04) |
Shares outstanding (diluted) | 127.9 | 126.0 | 125.4 | 122.5 | 87.9 | 45.5 | 8.1 | 5,602.7 |
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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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