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 | 5,576.8 | 5,793.0 | 5,205.7 | 5,039.2 | 3,725.1 | 2,723.4 | 2,521.9 | 2,340.8 |
Revenue growth | -3.7% | 11.3% | 3.3% | 35.3% | 36.8% | 8.0% | 7.7% | 6.6% |
Cost of goods sold | 1,200.6 | 1,218.1 | 1,100.5 | 1,019.7 | 900.5 | 644.3 | 2,518.4 | 0.0 |
Gross profit | 4,376.2 | 4,574.9 | 4,105.2 | 4,019.5 | 2,824.6 | 2,079.1 | 3.5 | 2,340.8 |
Gross margin | 78.5% | 79.0% | 78.9% | 79.8% | 75.8% | 76.3% | 0.1% | 100.0% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 724.8 | 817.6 | 745.8 | 708.8 | 558.7 | 425.6 | 399.2 | 357.6 |
EBITA | -367.5 | -212.4 | 525.2 | 686.0 | 237.0 | 195.8 | 54.0 | 161.8 |
EBITA margin | -6.6% | -3.7% | 10.1% | 13.6% | 6.4% | 7.2% | 2.1% | 6.9% |
Amortization of intangibles | | | | | | | | 15.4 |
EBIT | -367.5 | -212.4 | 525.2 | 686.0 | 237.0 | 195.8 | 54.0 | 146.4 |
EBIT margin | -6.6% | -3.7% | 10.1% | 13.6% | 6.4% | 7.2% | 2.1% | 6.3% |
Pre-tax income | -389.5 | -245.3 | 510.1 | 661.6 | 199.1 | 161.1 | 3.5 | 100.3 |
Income taxes | -88.3 | -124.8 | 100.2 | 130.5 | 10.7 | 41.2 | -9.2 | 20.1 |
Tax rate | 22.7% | 50.9% | 19.6% | 19.7% | 5.4% | 25.6% | | 20.0% |
Net income | -389.5 | -245.3 | 510.1 | 661.6 | 190.1 | 120.9 | 16.8 | 85.7 |
Net margin | -7.0% | -4.2% | 9.8% | 13.1% | 5.1% | 4.4% | 0.7% | 3.7% |
|
Diluted EPS | ($6.10) | ($3.82) | $7.64 | $9.94 | $3.19 | $2.32 | $0.25 | $1.55 |
Shares outstanding (diluted) | 63.8 | 64.3 | 66.7 | 66.5 | 59.0 | 51.6 | 51.2 | 51.7 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|