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 | 2,840.1 | 2,634.0 | 2,536.5 | 2,477.3 | 2,382.2 | 1,691.8 | 42.3 | 1,505.5 |
Revenue growth | 7.8% | 3.8% | 2.4% | 4.0% | 40.8% | 3899.9% | -97.2% | 7.0% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -1,554.3 | 0.0 |
Gross profit | 2,840.1 | 2,634.0 | 2,536.5 | 2,477.3 | 2,382.2 | 1,691.8 | 1,596.6 | 1,505.5 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 3775.0% | 100.0% |
Selling, general and administrative | 2,463.9 | 2,315.9 | 2,198.3 | 2,120.0 | 2,037.9 | 1,401.5 | 1,303.1 | 1,074.6 |
Sales and marketing | | | | | | | | 847.9 |
EBIT | 376.2 | 318.1 | 338.2 | 357.3 | 344.3 | 293.1 | 294.2 | 249.5 |
EBIT margin | 13.2% | 12.1% | 13.3% | 14.4% | 14.5% | 17.3% | 695.6% | 16.6% |
Pre-tax income | 376.5 | 376.4 | 368.5 | 396.7 | 371.3 | 315.7 | 320.1 | 266.2 |
Income taxes | 77.9 | 78.5 | 75.2 | 79.9 | 83.1 | 118.7 | 109.7 | 91.6 |
Tax rate | 20.7% | 20.9% | 20.4% | 20.1% | 22.4% | 37.6% | 34.3% | 34.4% |
Net income | 298.6 | 297.9 | 293.3 | 316.8 | 288.2 | 197.0 | 210.4 | 174.7 |
Net margin | 10.5% | 11.3% | 11.6% | 12.8% | 12.1% | 11.6% | 497.4% | 11.6% |
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Diluted EPS | $6.46 | $6.45 | $6.35 | $6.06 | $5.51 | $4.27 | $4.01 | $3.33 |
Shares outstanding (diluted) | 46.2 | 46.2 | 46.2 | 52.3 | 52.3 | 46.2 | 52.4 | 52.5 |
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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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