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 | 1,526.1 | 934.8 | 713.7 | 501.0 | 301.6 | 274.5 | 272.8 | 285.3 |
Revenue growth | 63.2% | 31.0% | 42.4% | 66.1% | 9.8% | 0.6% | -4.4% | -12.0% |
Cost of goods sold | 398.5 | 237.0 | 176.8 | 121.1 | 73.8 | 68.9 | 71.5 | 76.1 |
Gross profit | 1,127.6 | 697.8 | 536.9 | 379.9 | 227.8 | 205.7 | 201.3 | 209.2 |
Gross margin | 73.9% | 74.6% | 75.2% | 75.8% | 75.5% | 74.9% | 73.8% | 73.3% |
Selling, general and administrative | 911.4 | 563.7 | 445.8 | 310.8 | 188.2 | 179.5 | 173.6 | 180.2 |
EBIT | 216.2 | 134.2 | 91.0 | 69.1 | 39.6 | 26.9 | 28.7 | 30.2 |
EBIT margin | 14.2% | 14.4% | 12.8% | 13.8% | 13.1% | 9.8% | 10.5% | 10.6% |
Pre-tax income | 216.1 | 134.3 | 92.4 | 70.5 | 40.3 | 27.1 | 29.7 | 31.7 |
Income taxes | 52.1 | 31.4 | 14.4 | 14.8 | 12.6 | 9.3 | 10.1 | 10.7 |
Tax rate | 24.1% | 23.4% | 15.6% | 20.9% | 31.3% | 34.2% | 34.1% | 33.6% |
Net income | 164.0 | 102.9 | 77.9 | 55.8 | 27.7 | 17.8 | 20.1 | 13.2 |
Net margin | 10.7% | 11.0% | 10.9% | 11.1% | 9.2% | 6.5% | 7.4% | 4.6% |
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Diluted EPS | $13.89 | $8.68 | $6.43 | $4.62 | $2.29 | $1.49 | $1.62 | $1.65 |
Shares outstanding (diluted) | 11.8 | 11.9 | 12.1 | 12.1 | 12.1 | 11.9 | 12.1 | 12.8 |
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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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