In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Other systems and services | 21.9 | 16.9 | 17.8 | 16.9 | 20.8 | 19.5 | | 18.9 |
Other | 898.1 | 645.5 | 456.8 | 326.0 | 421.7 | 391.1 | | 282.6 |
Total revenues [+] | 920.0 | 662.4 | 474.6 | 343.0 | 442.6 | 410.6 | 267.0 | 301.5 |
Products | | | | | | | | 278.9 |
Services | | | | | | | | 22.6 |
Revenue growth [+] | 38.9% | 39.6% | 38.4% | -22.5% | 7.8% | 53.8% | -11.4% | 48.5% |
Other systems and services | 29.2% | -4.8% | 5.0% | -18.7% | 6.8% | | | -5.2% |
Cost of goods sold [+] | 518.2 | 376.0 | 276.0 | 198.8 | 262.9 | 260.3 | 167.4 | 199.8 |
Cost of product sales | | | | | | | | 181.1 |
Cost of services | | | | | | | | 18.7 |
Gross profit | 401.8 | 286.4 | 198.6 | 144.2 | 179.6 | 150.2 | 99.6 | 101.7 |
Gross margin | 43.7% | 43.2% | 41.8% | 42.0% | 40.6% | 36.6% | 37.3% | 33.7% |
Selling, general and administrative [+] | 111.1 | 93.7 | 78.7 | 66.0 | 67.8 | 59.3 | 48.3 | 48.4 |
Sales and marketing | 53.6 | 47.5 | 38.7 | 34.3 | 34.6 | 28.5 | 23.8 | 23.3 |
General and administrative | 57.5 | 46.1 | 40.0 | 31.7 | 33.2 | 30.8 | 24.5 | 25.1 |
Research and development | 78.4 | 65.4 | 61.8 | 53.9 | 51.9 | 43.1 | 34.4 | 32.6 |
Equity in earnings | | | | | | | | |
EBITDA [+] | 224.0 | 138.1 | 68.0 | 32.1 | 65.7 | 52.8 | 21.2 | 25.6 |
EBITDA growth | 62.1% | 103.2% | 111.9% | -51.2% | 24.4% | 149.7% | -17.3% | -842.0% |
EBITDA margin | 24.3% | 20.9% | 14.3% | 9.4% | 14.9% | 12.9% | 7.9% | 8.5% |
Depreciation and amortization | 11.6 | 10.8 | 9.9 | 7.9 | 5.8 | 5.0 | 4.3 | 4.9 |
EBIT [+] | 212.4 | 127.3 | 58.0 | 24.2 | 60.0 | 47.8 | 16.9 | 20.7 |
EBIT growth | 66.8% | 119.4% | 139.8% | -59.6% | 25.3% | 183.0% | -18.5% | -357.9% |
EBIT margin | 23.1% | 19.2% | 12.2% | 7.1% | 13.5% | 11.7% | 6.3% | 6.9% |
Non-recurring items | | | | | | | 0.3 | 0.0 |
Interest expense, net [+] | 1.0 | 4.6 | 4.5 | 2.2 | 2.8 | 4.4 | 4.8 | 4.9 |
Interest expense | 5.6 | 4.8 | 5.2 | 5.2 | 5.1 | 5.1 | 5.1 | 5.0 |
Interest income | 4.6 | 0.2 | 0.7 | 3.0 | 2.3 | 0.7 | 0.2 | 0.1 |
Other income (expense), net [+] | -6.5 | -2.3 | 2.3 | -1.1 | -2.5 | 0.4 | -0.8 | -0.6 |
Other | -6.5 | -2.3 | 2.3 | -1.1 | -2.5 | 0.4 | -0.8 | -0.6 |
Pre-tax income | 204.9 | 120.4 | 55.9 | 20.9 | 54.7 | 43.8 | 11.0 | 15.2 |
Income taxes | 21.8 | 21.8 | 5.9 | 3.9 | 8.8 | -83.1 | 0.0 | 0.5 |
Tax rate | 10.6% | 18.1% | 10.6% | 18.6% | 16.1% | | 0.2% | 3.5% |
Net income | 183.1 | 98.7 | 50.0 | 17.0 | 45.9 | 127.0 | 11.0 | 14.7 |
Net margin | 19.9% | 14.9% | 10.5% | 5.0% | 10.4% | 30.9% | 4.1% | 4.9% |
|
Basic EPS [+] | $5.54 | $2.94 | $1.50 | $0.52 | $1.42 | $4.11 | $0.38 | $0.51 |
Growth | 88.5% | 95.6% | 187.3% | -63.2% | -65.4% | 991.6% | -26.6% | -226.9% |
Diluted EPS [+] | $5.46 | $2.88 | $1.46 | $0.50 | $1.35 | $3.80 | $0.36 | $0.49 |
Growth | 89.6% | 96.6% | 190.8% | -62.7% | -64.5% | 968.2% | -26.8% | -220.1% |
|
Shares outstanding (basic) [+] | 33.0 | 33.6 | 33.3 | 32.6 | 32.3 | 30.9 | 29.2 | 28.6 |
Growth | -1.5% | 0.9% | 2.1% | 0.8% | 4.6% | 5.7% | 2.1% | 2.6% |
Shares outstanding (diluted) [+] | 33.5 | 34.3 | 34.1 | 33.8 | 34.0 | 33.4 | 30.9 | 30.2 |
Growth | -2.1% | 0.4% | 0.9% | -0.5% | 1.7% | 8.0% | 2.4% | 8.5% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |