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 | 1,273.0 | 1,257.4 | 1,209.2 | 1,202.1 | 1,175.1 | 1,376.9 | 1,418.3 | 1,449.9 |
Revenue growth | 1.2% | 4.0% | 0.6% | 2.3% | -14.7% | -2.9% | -2.2% | -0.1% |
Cost of goods sold | 342.9 | 0.0 | 0.0 | 0.0 | 299.2 | 328.3 | 332.3 | 326.1 |
Gross profit | 930.1 | 1,257.4 | 1,209.2 | 1,202.1 | 875.9 | 1,048.6 | 1,086.0 | 1,123.8 |
Gross margin | 73.1% | 100.0% | 100.0% | 100.0% | 74.5% | 76.2% | 76.6% | 77.5% |
Selling, general and administrative | 195.0 | 198.3 | 172.0 | 180.4 | 232.1 | 242.5 | 242.5 | 279.6 |
General and administrative | | | | | 49.6 | 62.5 | 73.5 | 87.2 |
EBIT | 342.1 | 412.8 | 259.7 | 283.1 | 350.9 | 356.2 | 477.1 | 433.0 |
EBIT margin | 26.9% | 32.8% | 21.5% | 23.6% | 29.9% | 25.9% | 33.6% | 29.9% |
Pre-tax income | 101.1 | 195.1 | 125.3 | 145.2 | 170.7 | 214.4 | 305.4 | 270.3 |
Income taxes | -54.8 | 53.2 | 37.3 | 40.9 | 30.5 | -243.7 | 95.7 | 110.9 |
Tax rate | | 27.3% | 29.8% | 28.2% | 17.9% | | 31.3% | 41.0% |
Earnings from continuing ops | 155.9 | 143.1 | 150.2 | 180.8 | 190.5 | 502.0 | 257.1 | 205.3 |
Earnings from discontinued ops | | | 1.1 | 30.4 | 20.8 | | | |
Net income | 155.9 | 143.1 | 151.3 | 211.2 | 211.3 | 502.0 | 257.1 | 205.3 |
Net margin | 12.2% | 11.4% | 12.5% | 17.6% | 18.0% | 36.5% | 18.1% | 14.2% |
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Diluted EPS | $4.34 | $3.98 | $4.24 | $4.97 | $4.97 | $12.74 | $6.29 | $4.69 |
Shares outstanding (diluted) | 35.9 | 36.0 | 35.4 | 36.4 | 38.3 | 39.4 | 40.9 | 43.8 |
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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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