Financial Summary (All financials)
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 |
Revenues | 4,930.8 | 3,676.9 | 3,106.0 | 2,702.9 | 2,700.6 | 3,079.7 | 3,151.2 | 2,989.8 |
Revenue growth | 34.1% | 18.4% | 14.9% | 0.1% | -12.3% | -2.3% | 5.4% | 21.3% |
Cost of goods sold | 2,772.1 | 2,038.5 | 1,763.8 | 1,582.2 | 1,579.6 | 1,790.2 | 1,902.3 | 1,839.4 |
Gross profit | 2,158.7 | 1,638.4 | 1,342.2 | 1,120.7 | 1,121.0 | 1,289.5 | 1,248.9 | 1,150.4 |
Gross margin | 43.8% | 44.6% | 43.2% | 41.5% | 41.5% | 41.9% | 39.6% | 38.5% |
Sales and marketing | 923.1 | 740.2 | 666.3 | 587.8 | 586.1 | 635.5 | 648.0 | 619.9 |
Research and development | | | | | | | | |
General and administrative | 353.9 | 382.5 | 345.1 | 294.2 | 261.4 | 273.4 | 322.0 | 280.6 |
EBITA | 959.2 | 565.0 | 378.5 | 289.2 | 327.1 | 443.8 | 327.0 | 294.8 |
EBITA margin | 19.5% | 15.4% | 12.2% | 10.7% | 12.1% | 14.4% | 10.4% | 9.9% |
Amortization of intangibles | 16.3 | 16.5 | 15.9 | 15.3 | 16.0 | 17.1 | 17.9 | 18.5 |
EBIT | 942.9 | 548.5 | 362.6 | 273.9 | 311.1 | 426.7 | 309.1 | 276.3 |
EBIT margin | 19.1% | 14.9% | 11.7% | 10.1% | 11.5% | 13.9% | 9.8% | 9.2% |
Pre-tax income | 824.0 | 452.4 | 265.5 | 165.0 | 215.4 | 283.6 | 200.1 | 174.9 |
Income taxes | -198.3 | -102.6 | -74.7 | -49.6 | -43.8 | -86.3 | 125.4 | 64.9 |
Tax rate | | | | | | | 62.7% | 37.1% |
Net income | 1,250.2 | 348.8 | 380.3 | 215.9 | 323.0 | 387.9 | 73.5 | 108.9 |
Net margin | 25.4% | 9.5% | 12.2% | 8.0% | 12.0% | 12.6% | 2.3% | 3.6% |
|
Diluted EPS | $6.12 | $1.64 | $1.72 | $0.98 | $5.90 | $6.49 | $1.17 | $1.75 |
Shares outstanding (diluted) | 204.3 | 212.3 | 221.6 | 220.4 | 54.7 | 59.8 | 62.6 | 62.1 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|