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 | 2,628.9 | 2,830.4 | 2,592.6 | 2,531.9 | 2,653.4 | 2,938.5 | 2,753.4 | 2,646.4 |
Revenue growth | -7.1% | 9.2% | 2.4% | -4.6% | -9.7% | 6.7% | 4.0% | 9.2% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1,832.8 |
Gross profit | 2,628.9 | 2,830.4 | 2,592.6 | 2,531.9 | 2,653.4 | 2,938.5 | 2,753.4 | 813.6 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 30.7% |
Selling, general and administrative | 418.0 | 410.9 | 521.6 | 491.7 | 502.2 | 490.1 | 424.0 | 445.7 |
EBITA | 61.7 | -84.6 | -251.9 | -187.0 | -228.4 | 237.2 | 388.4 | 391.8 |
EBITA margin | 2.3% | -3.0% | -9.7% | -7.4% | -8.6% | 8.1% | 14.1% | 14.8% |
Amortization of intangibles | 0.9 | 1.1 | | | | | | |
EBIT | 60.8 | -85.7 | -251.9 | -187.0 | -228.4 | 237.2 | 388.4 | 391.8 |
EBIT margin | 2.3% | -3.0% | -9.7% | -7.4% | -8.6% | 8.1% | 14.1% | 14.8% |
Pre-tax income | 35.1 | -38.0 | -216.6 | -156.0 | -281.8 | 209.5 | 337.5 | 367.9 |
Income taxes | 5.3 | 18.4 | 22.9 | -10.2 | -15.4 | 6.1 | 14.4 | 12.1 |
Tax rate | 15.1% | | | 6.5% | 5.5% | 2.9% | 4.3% | 3.3% |
Net income | 29.8 | -56.4 | -238.3 | -146.8 | -267.7 | 203.3 | 322.3 | 355.0 |
Net margin | 1.1% | -2.0% | -9.2% | -5.8% | -10.1% | 6.9% | 11.7% | 13.4% |
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Diluted EPS | | | | ($2.46) | ($4.48) | $3.29 | $5.14 | $5.39 |
Shares outstanding (diluted) | | | | 59.7 | 59.8 | 61.9 | 62.7 | 65.9 |
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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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