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 | 1,338.2 | 181.6 | 1,474.9 | 1,348.5 | 1,322.0 | 1,288.7 | 1,235.8 | 1,159.6 |
Revenue growth | 637.1% | -87.7% | 9.4% | 2.0% | 2.6% | 4.3% | 6.6% | 2.2% |
Cost of goods sold | 698.2 | 347.8 | 642.2 | 584.4 | 558.1 | 645.5 | 622.5 | 591.3 |
Gross profit | 640.0 | -166.2 | 832.7 | 764.2 | 763.9 | 643.2 | 613.3 | 568.3 |
Gross margin | 47.8% | -91.6% | 56.5% | 56.7% | 57.8% | 49.9% | 49.6% | 49.0% |
Selling, general and administrative | 219.8 | 108.1 | 222.3 | 193.3 | 193.8 | 181.8 | 171.5 | 156.9 |
EBIT | 148.5 | -468.0 | 308.8 | 290.4 | 293.3 | 316.9 | 295.3 | 277.4 |
EBIT margin | 11.1% | -257.8% | 20.9% | 21.5% | 22.2% | 24.6% | 23.9% | 23.9% |
Pre-tax income | -28.5 | -728.2 | 215.2 | 161.4 | 216.6 | 249.1 | 134.4 | 114.1 |
Income taxes | 20.0 | -137.9 | 42.8 | 34.7 | 1.1 | 71.4 | 22.2 | 9.9 |
Tax rate | | 18.9% | 19.9% | 21.5% | 0.5% | 28.7% | 16.5% | 8.7% |
Net income | -48.5 | -590.2 | 172.4 | 126.7 | 215.5 | 177.7 | 112.2 | 104.2 |
Net margin | -3.6% | -325.1% | 11.7% | 9.4% | 16.3% | 13.8% | 9.1% | 9.0% |
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Diluted EPS | ($0.86) | ($10.45) | $1.01 | $0.75 | $1.27 | $3.14 | $1.99 | $1.86 |
Shares outstanding (diluted) | 56.6 | 56.5 | 170.2 | 169.9 | 169.7 | 56.6 | 56.4 | 56.0 |
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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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