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-30-16 | Jan-01-16 |
Revenues | 4,656.0 | 3,890.0 | 2,886.0 | 4,259.0 | 2,968.0 | 2,183.0 | 2,000.0 | 1,810.8 |
Revenue growth | 19.7% | 34.8% | -32.2% | 43.5% | 36.0% | 9.1% | 10.4% | 5.5% |
Cost of goods sold | 2,671.0 | 2,437.0 | 2,190.0 | 275.0 | 1,868.0 | 1,418.0 | 1,346.0 | 631.4 |
Gross profit | 1,985.0 | 1,453.0 | 696.0 | 3,984.0 | 1,100.0 | 765.0 | 654.0 | 1,179.4 |
Gross margin | 42.6% | 37.4% | 24.1% | 93.5% | 37.1% | 35.0% | 32.7% | 65.1% |
Sales and marketing | 807.0 | 617.0 | 386.0 | 748.0 | 527.0 | 388.0 | 334.0 | 330.6 |
General and administrative | 249.0 | 227.0 | 154.0 | 248.0 | 198.0 | 106.0 | 100.0 | 106.1 |
EBITA | 844.0 | 448.0 | 64.0 | 603.0 | 269.0 | 276.0 | 231.0 | 227.7 |
EBITA margin | 18.1% | 11.5% | 2.2% | 14.2% | 9.1% | 12.6% | 11.6% | 12.6% |
Amortization of intangibles | 132.0 | 146.0 | 123.0 | 141.0 | 62.0 | 21.0 | 21.0 | |
EBIT | 712.0 | 302.0 | -59.0 | 462.0 | 207.0 | 255.0 | 210.0 | 227.7 |
EBIT margin | 15.3% | 7.8% | -2.0% | 10.8% | 7.0% | 11.7% | 10.5% | 12.6% |
Pre-tax income | 582.0 | 127.0 | -340.0 | 225.0 | 103.0 | 240.0 | 198.0 | 206.5 |
Income taxes | -191.0 | -74.0 | 84.0 | -83.0 | -51.0 | -5.0 | 76.0 | 83.7 |
Tax rate | | | | | | | 38.4% | 40.5% |
Net income | 582.0 | 131.0 | -321.0 | 229.0 | 100.0 | 240.0 | 122.0 | 122.8 |
Net margin | 12.5% | 3.4% | -11.1% | 5.4% | 3.4% | 11.0% | 6.1% | 6.8% |
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Diluted EPS | $12.88 | $3.03 | ($7.77) | $5.15 | $2.94 | $8.66 | $4.30 | $3.82 |
Shares outstanding (diluted) | 45.2 | 43.3 | 41.3 | 44.5 | 34.0 | 27.7 | 28.4 | 32.2 |
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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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