Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
Revenues | 5,211.0 | 5,211.0 | 4,648.4 | 4,648.4 | 4,501.3 | 3,039.3 | 2,766.7 | 2,432.0 |
Revenue growth | 12.1% | 12.1% | 3.3% | | 48.1% | 9.9% | 13.8% | 120.4% |
Cost of goods sold | 2,004.8 | 2,004.8 | 1,862.4 | 1,862.4 | 1,720.5 | 1,348.6 | 1,117.9 | 993.4 |
Gross profit | 3,206.2 | 3,206.2 | 2,786.0 | 2,786.0 | 2,780.8 | 1,690.7 | 1,648.8 | 1,438.6 |
Gross margin | 61.5% | 61.5% | 59.9% | 59.9% | 61.8% | 55.6% | 59.6% | 59.2% |
Selling, general and administrative | 1,894.1 | 1,101.9 | 1,610.6 | 1,024.2 | 1,405.4 | 63.3 | 579.9 | 605.1 |
General and administrative | | 198.4 | | 175.8 | | | | |
EBITA | 1,272.7 | 1,158.7 | 1,175.4 | 1,050.8 | 1,375.4 | 718.4 | 929.5 | 628.7 |
EBITA margin | 24.4% | 22.2% | 25.3% | 22.6% | 30.6% | 23.6% | 33.6% | 25.8% |
Amortization of intangibles | | | | | | | 149.4 | 159.5 |
EBIT | 1,272.7 | 1,158.7 | 1,175.4 | 1,050.8 | 1,375.4 | 718.4 | 780.1 | 469.2 |
EBIT margin | 24.4% | 22.2% | 25.3% | 22.6% | 30.6% | 23.6% | 28.2% | 19.3% |
Pre-tax income | 1,217.1 | 1,217.1 | 1,093.3 | 1,093.3 | 1,104.6 | 373.3 | 532.9 | 241.4 |
Income taxes | 273.6 | 273.6 | 262.9 | 262.9 | 296.5 | 137.0 | 144.7 | -233.9 |
Tax rate | 22.5% | 22.5% | 24.0% | 24.0% | 26.8% | 36.7% | 27.1% | |
Net income | 971.1 | 971.1 | 834.5 | 834.5 | 811.5 | 230.3 | 389.5 | 475.0 |
Net margin | 18.6% | 18.6% | 18.0% | 18.0% | 18.0% | 7.6% | 14.1% | 19.5% |
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Diluted EPS | $24.16 | $24.16 | $18.97 | $18.97 | $17.37 | $4.80 | $8.21 | $10.07 |
Shares outstanding (diluted) | 40.2 | 40.2 | 44.0 | 44.0 | 46.7 | 47.9 | 47.4 | 47.1 |
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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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