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 | 6,874.1 | 7,397.9 | 9,350.9 | 7,800.8 | 6,690.9 | 6,658.6 | 8,616.5 | 6,314.9 |
Revenue growth | -7.1% | -20.9% | 19.9% | 16.6% | 0.5% | -22.7% | 36.4% | -42.6% |
Cost of goods sold | 5,884.9 | 6,911.3 | 8,960.2 | 7,528.9 | 5,476.5 | 5,377.6 | 7,479.9 | 5,513.4 |
Gross profit | 989.2 | 486.6 | 390.7 | 271.9 | 1,214.4 | 1,281.0 | 1,136.6 | 801.5 |
Gross margin | 14.4% | 6.6% | 4.2% | 3.5% | 18.2% | 19.2% | 13.2% | 12.7% |
General and administrative | 242.2 | 267.5 | 240.8 | 190.5 | 177.1 | 153.6 | 139.8 | 143.1 |
EBITA | 1,222.9 | 564.0 | 638.9 | 473.8 | 414.8 | 629.2 | 671.3 | 356.7 |
EBITA margin | 17.8% | 7.6% | 6.8% | 6.1% | 6.2% | 9.4% | 7.8% | 5.6% |
Amortization of intangibles | 144.0 | 171.6 | 182.6 | 188.2 | 156.1 | 136.7 | | |
EBIT | 1,078.9 | 392.4 | 456.3 | 285.6 | 258.7 | 492.5 | 671.3 | 356.7 |
EBIT margin | 15.7% | 5.3% | 4.9% | 3.7% | 3.9% | 7.4% | 7.8% | 5.6% |
Pre-tax income | -1,548.6 | -16.5 | 98.5 | -258.0 | -229.0 | -58.7 | 509.9 | 261.5 |
Income taxes | -3.5 | -0.9 | -0.1 | -7.4 | -0.3 | 0.6 | 4.8 | 0.0 |
Tax rate | 0.2% | 5.5% | | 2.9% | 0.1% | | 0.9% | 0.0% |
Net income | -1,738.3 | -260.7 | 38.9 | -294.8 | -324.1 | -197.5 | 319.0 | 126.0 |
Net margin | -25.3% | -3.5% | 0.4% | -3.8% | -4.8% | -3.0% | 3.7% | 2.0% |
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Diluted EPS | | | | | | ($1.15) | $2.77 | $1.19 |
Shares outstanding (diluted) | | | | | | 172.3 | 115.1 | 105.7 |
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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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