| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net revenues | |||||||||||
2,595,362 | 2,448,383 | 2,146,303 | 1,868,027 | 1,809,690 | 1,839,832 | 1,696,271 | 1,551,009 | 1,492,528 | 1,397,722 | 1,434,885 | 1,625,073 |
Cost of goods sold | |||||||||||
1,103,750 | 1,063,941 | 974,501 | 871,827 | 865,287 | 897,404 | 857,326 | 802,784 | 783,750 | 718,883 | 749,344 | 886,076 |
Gross profit | |||||||||||
1,491,612 | 1,384,442 | 1,171,802 | 996,200 | 944,403 | 942,428 | 838,945 | 748,225 | 708,778 | 678,839 | 685,541 | 738,997 |
Selling, general and administrative expenses | |||||||||||
934,373 | 878,688 | 699,963 | 563,308 | 568,982 | 578,657 | 502,187 | 454,489 | 423,909 | 403,635 | 388,281 | 455,412 |
Research and development expenses | |||||||||||
113,857 | 106,208 | 84,770 | 58,579 | 52,119 | 61,040 | 65,045 | 56,278 | 48,712 | 42,380 | 36,685 | 32,598 |
Restructuring and impairment charges | |||||||||||
22,205 | 79,230 | 14,790 | 59,227 | 7,819 | 17,869 | 38,452 | 3,037 | 6,005 | 2,875 | 10,347 | 24,946 |
Goodwill impairment | |||||||||||
- | - | - | - | - | - | - | 332,128 | - | - | - | - |
Gain on sale of assets | |||||||||||
6,077 | 1,388 | 0 | 4,367 | 408 | 0 | 0 | 332 | -582 | 341 | - | -296 |
Income from continuing operations before interest and taxes | |||||||||||
427,254 | 321,704 | 372,279 | 319,453 | 315,891 | 284,862 | 233,261 | -97,375 | 229,570 | 230,290 | 250,228 | 226,337 |
Interest expense | |||||||||||
80,270 | 103,020 | 82,546 | 54,941 | 61,323 | 65,458 | 56,905 | 69,565 | 70,317 | 79,789 | 89,143 | 121,244 |
Interest income | |||||||||||
1,741 | 944 | 771 | 474 | 532 | 706 | 624 | 1,571 | 1,260 | 719 | 2,480 | 2,029 |
Loss on extinguishment of debt | |||||||||||
-8,822 | 0 | -5,593 | -19,261 | -10,454 | 0 | -1,250 | 0 | -15,413 | -46,630 | 0 | - |
Income from continuing operations before taxes | |||||||||||
339,903 | 219,628 | 284,911 | 245,725 | 244,646 | 220,110 | 175,730 | -165,369 | 145,100 | 104,590 | 163,565 | 107,122 |
Taxes on income from continuing operations | |||||||||||
-122,078 | 23,196 | 129,648 | 8,074 | 7,838 | 28,650 | 23,547 | 16,413 | 25,778 | 16,918 | 36,976 | 33,745 |
Income from continuing operations | |||||||||||
461,981 | 196,432 | 155,263 | 237,651 | 236,808 | 191,460 | 152,183 | -181,782 | 119,322 | 87,672 | 126,589 | 73,377 |
Operating loss from discontinued operations | |||||||||||
-828 | 5,643 | -4,534 | -922 | -1,730 | -3,407 | -2,205 | -9,207 | 292,683 | 168,829 | 288,503 | 105,617 |
Tax benefit on operating loss from discontinued operations | |||||||||||
-313 | 1,273 | -1,801 | -1,112 | -10,635 | -698 | -1,770 | -1,887 | 87,038 | 54,046 | 101,081 | 24,392 |
Loss from discontinued operations | |||||||||||
-515 | 4,370 | -2,733 | 190 | 8,905 | -2,709 | -435 | -7,320 | 205,645 | 114,783 | 187,422 | 81,225 |
Net income | |||||||||||
461,466 | 200,802 | 152,530 | 237,841 | 245,713 | 188,751 | 151,748 | -189,102 | 324,967 | 202,455 | 314,011 | 154,602 |
Less: Income from continuing operations attributable to noncontrolling interest | |||||||||||
- | - | - | 464 | 850 | 1,072 | 867 | 955 | 1,021 | 861 | 632 | 747 |
Income from discontinued operations attributable to noncontrolling interest | |||||||||||
- | - | - | - | - | - | - | - | 617 | 500 | 10,385 | 34,081 |
Net income | |||||||||||
- | - | - | 237,377 | 244,863 | 187,679 | 150,881 | -190,057 | 323,329 | 201,094 | 302,994 | 119,774 |
Earnings per share: | |||||||||||
Basic: | |||||||||||
Income from continuing operations (in dollars per share) | |||||||||||
10.00 | 4.30 | 3.45 | 5.47 | 5.68 | 4.60 | 3.68 | -4.47 | 2.92 | 2.18 | 3.17 | 1.83 |
Income (loss) from discontinued operations (in dollars per share) | |||||||||||
-0.01 | 0.09 | -0.06 | 0.01 | 0.21 | -0.06 | -0.01 | -0.18 | 5.06 | 2.86 | 4.46 | 1.19 |
Net income (in dollars per share) | |||||||||||
9.99 | 4.39 | 3.39 | 5.48 | 5.89 | 4.54 | 3.67 | -4.65 | 7.98 | 5.04 | 7.63 | 3.03 |
Diluted: | |||||||||||
Income from continuing operations (in dollars per share) | |||||||||||
9.81 | 4.20 | 3.33 | 4.98 | 4.91 | 4.10 | 3.46 | -4.47 | 2.90 | 2.16 | 3.15 | 1.82 |
Loss from discontinued operations (in dollars per share) | |||||||||||
-0.01 | 0.09 | -0.06 | 0.00 | 0.19 | -0.06 | -0.01 | -0.18 | 5.02 | 2.83 | 4.43 | 1.18 |
Net income (in dollars per share) | |||||||||||
9.80 | 4.29 | 3.27 | 4.98 | 5.10 | 4.04 | 3.45 | -4.65 | 7.92 | 4.99 | 7.59 | 3.01 |
Dividends per share (in dollars per share) | |||||||||||
- | - | - | - | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 | 1.34 |
Weighted average common shares outstanding | |||||||||||
Basic (in shares) | |||||||||||
46,200 | 45,689 | 45,004 | 43,325 | 41,558 | 41,366 | 41,105 | 40,859 | 40,501 | 39,906 | 39,718 | 39,584 |
Diluted (in shares) | |||||||||||
47,090 | 46,801 | 46,664 | 47,646 | 48,058 | 46,470 | 43,693 | 40,859 | 40,801 | 40,280 | 39,936 | 39,832 |
Amounts attributable to common shareholders: | |||||||||||
Income from continuing operations, net of tax | |||||||||||
- | - | - | 237,187 | 235,958 | 190,388 | 151,316 | -182,737 | 118,301 | 86,811 | 125,957 | 72,630 |
Income (loss) from discontinued operations, net of tax | |||||||||||
- | - | - | 190 | 8,905 | -2,709 | -435 | -7,320 | 205,028 | 114,283 | 177,037 | 47,144 |
Net income | |||||||||||
- | - | - | 237,377 | 244,863 | 187,679 | 150,881 | -190,057 | 323,329 | 201,094 | 302,994 | 119,774 |