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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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Total revenues [+] | 1,456.0 | 1,415.8 | 788.9 | 718.9 | 671.0 | 483.7 | 414.8 | 367.3 |
Products | | | | | | | 350.8 | 327.2 |
Services | | | | | | | 64.0 | 40.1 |
Revenue growth | 2.8% | 79.5% | 9.7% | 7.1% | 38.7% | 16.6% | 12.9% | 22.7% |
Cost of goods sold [+] | 923.6 | 874.0 | 473.3 | 353.3 | 314.6 | 230.6 | 197.9 | 179.3 |
Cost of product sales | | | | | | | 164.9 | 154.0 |
Cost of services | | | | | | | 33.1 | 25.2 |
Gross profit | 532.3 | 541.9 | 315.7 | 365.6 | 356.4 | 253.1 | 216.9 | 188.1 |
Gross margin | 36.6% | 38.3% | 40.0% | 50.9% | 53.1% | 52.3% | 52.3% | 51.2% |
Selling, general and administrative | 192.0 | 188.6 | 142.6 | 108.0 | 93.3 | 77.7 | 66.1 | 58.5 |
Research and development | 161.8 | 144.0 | 101.5 | 76.0 | 58.0 | 44.4 | 39.6 | 36.9 |
Other operating expenses | | | | | | 4.2 | 4.4 | |
EBITDA [+] | 209.3 | 237.0 | 85.6 | 189.4 | 210.2 | 134.7 | 115.7 | 98.1 |
EBITDA growth | -11.7% | 176.9% | -54.8% | -9.9% | 56.1% | 16.4% | 18.0% | 66.2% |
EBITDA margin | 14.4% | 16.7% | 10.8% | 26.3% | 31.3% | 27.8% | 27.9% | 26.7% |
Depreciation and amortization | 30.8 | 27.6 | 14.0 | 7.8 | 5.1 | 3.6 | 4.5 | 5.5 |
EBITA | 178.5 | 209.3 | 71.6 | 181.6 | 205.1 | 131.0 | 111.2 | 92.6 |
EBITA margin | 12.3% | 14.8% | 9.1% | 25.3% | 30.6% | 27.1% | 26.8% | 25.2% |
Amortization of intangibles | 22.1 | 20.1 | 12.2 | 5.8 | 4.4 | 4.2 | 4.4 | 5.0 |
EBIT [+] | 156.4 | 189.2 | 59.4 | 175.8 | 200.8 | 126.9 | 106.9 | 87.6 |
EBIT growth | -17.3% | 218.4% | -66.2% | -12.4% | 58.3% | 18.7% | 22.0% | 68.4% |
EBIT margin | 10.7% | 13.4% | 7.5% | 24.5% | 29.9% | 26.2% | 25.8% | 23.8% |
Non-recurring items [+] | 4.8 | 13.2 | 5.0 | 4.2 | | | 0.2 | 1.5 |
Restructuring charges | 4.8 | 13.2 | 5.0 | 4.2 | | | 0.2 | 1.5 |
Interest expense | 5.0 | 5.8 | 3.4 | 0.2 | 0.1 | | | |
Interest expense | 5.0 | 5.8 | 3.4 | 0.2 | 0.1 | | | |
Other income (expense), net | 2.0 | -12.1 | 16.2 | 1.1 | -2.5 | 1.2 | -1.2 | -0.1 |
Pre-tax income | 148.7 | 158.1 | 67.2 | 172.4 | 198.2 | 128.1 | 105.4 | 86.0 |
Income taxes | 14.0 | 23.0 | 10.7 | 25.2 | 62.1 | 11.1 | 22.0 | 16.5 |
Tax rate | 9.4% | 14.5% | 15.9% | 14.6% | 31.3% | 8.7% | 20.8% | 19.2% |
Minority interest | 0.0 | 0.1 | 0.0 | 0.1 | | | | |
Earnings from continuing ops | 134.7 | 270.2 | 56.5 | 294.2 | 136.1 | 116.9 | 325.5 | 92.0 |
Earnings from discontinued ops | 0.1 | -0.4 | 8.5 | 0.0 | 1.8 | 10.5 | -242.0 | -22.5 |
Net income | 134.7 | 269.8 | 64.9 | 294.2 | 137.9 | 127.5 | 83.5 | 69.5 |
Net margin | 9.3% | 19.1% | 8.2% | 40.9% | 20.5% | 26.3% | 20.1% | 18.9% |
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Basic EPS [+] | $3.53 | $7.05 | $1.47 | $7.53 | $3.42 | $2.94 | $7.99 | $2.28 |
Growth | -49.9% | 378.2% | -80.4% | 119.9% | 16.3% | -63.1% | 250.9% | 51.0% |
Diluted EPS [+] | $3.51 | $7.01 | $1.47 | $7.48 | $3.39 | $2.92 | $7.92 | $2.24 |
Growth | -49.9% | 378.1% | -80.4% | 120.7% | 16.0% | -63.1% | 253.3% | 52.7% |
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Shares outstanding (basic) [+] | 38.1 | 38.3 | 38.3 | 39.1 | 39.8 | 39.7 | 40.7 | 40.4 |
Growth | -0.4% | 0.1% | -2.0% | -1.7% | 0.1% | -2.5% | 0.8% | 2.1% |
Shares outstanding (diluted) [+] | 38.4 | 38.5 | 38.5 | 39.4 | 40.2 | 40.0 | 41.1 | 41.0 |
Growth | -0.5% | 0.1% | -2.2% | -2.1% | 0.4% | -2.5% | 0.1% | 0.9% |
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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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