Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 2,218.2 | 1,556.7 | 1,474.0 | 1,504.8 | 2,658.6 | 2,576.6 | 2,388.7 | 2,328.5 |
Revenue growth | 42.5% | 5.6% | -2.0% | -43.4% | 3.2% | 7.9% | 2.6% | 5.0% |
Cost of goods sold | 1,677.0 | 1,117.4 | 1,059.1 | 1,056.1 | 2,058.8 | 1,986.5 | 1,865.4 | 1,713.1 |
Gross profit | 541.2 | 439.3 | 414.9 | 448.7 | 599.8 | 590.1 | 523.3 | 615.4 |
Gross margin | 24.4% | 28.2% | 28.1% | 29.8% | 22.6% | 22.9% | 21.9% | 26.4% |
Selling, general and administrative | 128.0 | 96.0 | 91.1 | 93.0 | 143.3 | 216.4 | 131.6 | 135.4 |
EBITA | 367.9 | 291.1 | 290.6 | 308.6 | 351.5 | 205.3 | 290.4 | 386.8 |
EBITA margin | 16.6% | 18.7% | 19.7% | 20.5% | 13.2% | 8.0% | 12.2% | 16.6% |
Amortization of intangibles | 28.2 | 16.6 | 12.5 | 11.2 | 15.3 | 15.8 | 8.6 | 5.8 |
EBIT | 339.7 | 274.5 | 278.1 | 297.4 | 336.2 | 189.5 | 281.8 | 381.0 |
EBIT margin | 15.3% | 17.6% | 18.9% | 19.8% | 12.6% | 7.4% | 11.8% | 16.4% |
Pre-tax income | 531.9 | 279.2 | 458.8 | 744.7 | 544.9 | 519.5 | 274.0 | 476.6 |
Income taxes | 84.3 | 101.1 | 149.2 | 183.9 | 192.3 | 195.5 | 95.8 | 159.1 |
Tax rate | 15.8% | 36.2% | 32.5% | 24.7% | 35.3% | 37.6% | 35.0% | 33.4% |
Earnings from continuing ops | 447.0 | 179.0 | 309.7 | 560.8 | 352.6 | 324.0 | 183.1 | 318.5 |
Earnings from discontinued ops | 4.5 | 248.3 | 48.5 | 32.5 | | | | |
Net income | 451.5 | 427.3 | 358.2 | 593.3 | 352.6 | 324.0 | 183.1 | 318.5 |
Net margin | 20.4% | 27.4% | 24.3% | 39.4% | 13.3% | 12.6% | 7.7% | 13.7% |
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Diluted EPS | $7.20 | $2.69 | $4.25 | $13.85 | $8.00 | $7.07 | $3.95 | $6.73 |
Shares outstanding (diluted) | 62.1 | 66.6 | 72.9 | 40.5 | 44.1 | 45.8 | 46.3 | 47.3 |
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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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