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 | 4,089.9 | 4,046.2 | 4,004.4 | 4,071.4 | 4,343.5 | 4,476.6 | 4,583.6 | 5,322.7 |
Revenue growth | 1.1% | 1.0% | -1.6% | -6.3% | -3.0% | -2.3% | -13.9% | 10.1% |
Cost of goods sold | 3,284.8 | 3,260.0 | 3,137.9 | 3,198.0 | 3,484.4 | 3,601.2 | 3,731.9 | 4,412.5 |
Gross profit | 805.1 | 786.2 | 866.5 | 873.4 | 859.1 | 875.4 | 851.7 | 910.2 |
Gross margin | 19.7% | 19.4% | 21.6% | 21.5% | 19.8% | 19.6% | 18.6% | 17.1% |
Selling, general and administrative | 377.9 | 385.2 | 390.5 | 420.0 | 416.6 | 448.5 | 454.2 | 483.4 |
Research and development | 38.0 | 42.9 | 46.5 | 44.1 | 44.1 | 40.5 | 35.7 | 38.7 |
EBITA | 437.8 | 396.0 | 455.9 | 436.0 | 423.1 | 411.1 | 394.8 | 423.9 |
EBITA margin | 10.7% | 9.8% | 11.4% | 10.7% | 9.7% | 9.2% | 8.6% | 8.0% |
Amortization of intangibles | 16.9 | 17.0 | 16.0 | 14.3 | 15.4 | 15.5 | 17.8 | 18.1 |
EBIT | 420.9 | 379.0 | 439.9 | 421.7 | 407.7 | 395.6 | 377.0 | 405.8 |
EBIT margin | 10.3% | 9.4% | 11.0% | 10.4% | 9.4% | 8.8% | 8.2% | 7.6% |
Pre-tax income | 285.7 | 52.7 | 350.9 | 363.9 | 363.7 | 289.7 | 241.2 | 292.2 |
Income taxes | 60.0 | -41.3 | 114.7 | 122.0 | 124.6 | 97.2 | 92.3 | 104.9 |
Tax rate | 21.0% | | 32.7% | 33.5% | 34.3% | 33.6% | 38.3% | 35.9% |
Net income | 225.7 | 94.0 | 236.2 | 239.3 | 191.1 | 212.6 | 173.8 | 184.1 |
Net margin | 5.5% | 2.3% | 5.9% | 5.9% | 4.4% | 4.7% | 3.8% | 3.5% |
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Diluted EPS | $2.47 | $1.02 | $2.48 | $2.47 | $2.36 | $1.85 | $1.43 | $1.75 |
Shares outstanding (diluted) | 91.5 | 91.9 | 95.1 | 97.9 | 101.2 | 103.9 | 103.9 | 105.0 |
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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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