Financial Summary (All financials)
| 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 |
| Revenues | 2,909.8 | 2,448.5 | 1,926.7 | 1,476.0 | 1,031.6 | 718.5 | 573.3 | 402.0 |
| Revenue growth | 18.8% | 27.1% | 30.5% | 43.1% | 43.6% | 25.3% | 42.6% | 55.1% |
| Cost of goods sold | 1,026.7 | 768.0 | 646.6 | 544.5 | 367.7 | 226.4 | 194.9 | 123.6 |
| Gross profit | 1,883.1 | 1,680.5 | 1,280.1 | 931.5 | 663.9 | 492.1 | 378.4 | 278.4 |
| Gross margin | 64.7% | 68.6% | 66.4% | 63.1% | 64.4% | 68.5% | 66.0% | 69.3% |
| Selling, general and administrative | 1,000.2 | 806.8 | 618.2 | 515.7 | 432.8 | 349.2 | 286.2 | 198.0 |
| Research and development | 484.2 | 517.1 | 359.9 | 273.5 | 199.7 | 185.4 | 156.1 | 137.5 |
| EBITA | 398.9 | 281.1 | 302.0 | 142.3 | -106.2 | -42.5 | -63.9 | -57.1 |
| EBITA margin | 13.7% | 11.5% | 15.7% | 9.6% | -10.3% | -5.9% | -11.1% | -14.2% |
| Amortization of intangibles | 7.5 | 3.7 | 2.5 | | | | | |
| EBIT | 391.4 | 277.4 | 299.5 | 142.3 | -106.2 | -42.5 | -63.9 | -57.1 |
| EBIT margin | 13.5% | 11.3% | 15.5% | 9.6% | -10.3% | -5.9% | -11.1% | -14.2% |
| Pre-tax income | 390.8 | 256.8 | 297.9 | 104.2 | -126.5 | -48.6 | -64.9 | -57.5 |
| Income taxes | 49.6 | 39.9 | -251.8 | 3.1 | 0.6 | 1.6 | 0.7 | 0.1 |
| Tax rate | 12.7% | 15.5% | | 3.0% | | | | |
| Net income | 341.2 | 216.9 | 549.7 | 101.1 | -127.1 | -50.2 | -65.6 | -57.6 |
| Net margin | 11.7% | 8.9% | 28.5% | 6.8% | -12.3% | -7.0% | -11.4% | -14.3% |
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| Diluted EPS | $0.80 | $0.51 | $1.31 | $1.10 | ($1.44) | ($0.58) | ($0.78) | ($0.72) |
| Shares outstanding (diluted) | 427.5 | 428.8 | 420.4 | 92.3 | 88.2 | 86.3 | 83.6 | 79.8 |
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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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