Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-30-22 | Dec-31-21 | Jan-01-21 | Jan-03-20 | Dec-28-18 | Dec-29-17 | Dec-30-16 |
Revenues | 1,611.1 | 1,611.1 | 1,435.0 | 987.5 | 967.8 | 853.8 | 452.5 | 191.5 |
Revenue growth | 12.3% | | 45.3% | 2.0% | 13.3% | 88.7% | 136.3% | 415.0% |
Cost of goods sold | 57.9 | 57.9 | 52.9 | 36.3 | 33.1 | 26.3 | 15.1 | 6.6 |
Gross profit | 1,553.2 | 1,553.2 | 1,382.1 | 951.3 | 934.7 | 827.5 | 437.4 | 184.9 |
Gross margin | 96.4% | 96.4% | 96.3% | 96.3% | 96.6% | 96.9% | 96.7% | 96.6% |
Selling, general and administrative | 459.9 | 459.9 | 401.7 | 293.4 | 228.2 | 206.4 | 159.3 | 116.1 |
Research and development | 891.8 | 891.8 | 693.7 | 547.9 | 337.0 | 182.3 | 112.2 | 96.0 |
EBIT | 201.5 | 201.5 | 286.7 | 110.1 | 369.5 | 438.9 | 165.9 | -27.2 |
EBIT margin | 12.5% | 12.5% | 20.0% | 11.1% | 38.2% | 51.4% | 36.7% | -14.2% |
Pre-tax income | 234.4 | 286.4 | 357.2 | 149.9 | 475.2 | 452.1 | 158.6 | -70.2 |
Income taxes | 52.1 | 52.1 | 63.1 | 19.1 | 77.1 | -238.0 | 4.4 | 0.0 |
Tax rate | 22.2% | 18.2% | 17.7% | 12.7% | 16.2% | | 2.7% | 0.0% |
Net income | 182.3 | 234.4 | 294.2 | 130.8 | 398.1 | 690.1 | 154.2 | -70.2 |
Net margin | 11.3% | 14.5% | 20.5% | 13.2% | 41.1% | 80.8% | 34.1% | -36.7% |
|
Diluted EPS | $0.56 | $0.72 | $0.91 | $0.41 | $1.26 | $2.21 | $0.49 | ($0.28) |
Shares outstanding (diluted) | 324.6 | 324.6 | 322.4 | 318.0 | 315.0 | 312.8 | 312.0 | 250.5 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|