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 | 2,318.8 | 1,560.1 | 1,552.5 | 1,510.2 | 1,243.1 | 1,036.5 | 959.6 | 887.0 |
Revenue growth | 48.6% | 0.5% | 2.8% | 21.5% | 19.9% | 8.0% | 8.2% | 21.3% |
Cost of goods sold | 265.1 | 272.2 | 276.1 | 256.9 | 169.8 | 147.1 | 148.7 | 140.3 |
Gross profit | 2,053.7 | 1,287.9 | 1,276.5 | 1,253.3 | 1,073.3 | 889.4 | 810.9 | 746.7 |
Gross margin | 88.6% | 82.6% | 82.2% | 83.0% | 86.3% | 85.8% | 84.5% | 84.2% |
General and administrative | 1.4 | 11.9 | 12.0 | 9.5 | 6.5 | 6.3 | 6.0 | 5.7 |
EBIT | 258.2 | 287.9 | 216.1 | 196.3 | 105.9 | 199.6 | 129.1 | 119.8 |
EBIT margin | 11.1% | 18.5% | 13.9% | 13.0% | 8.5% | 19.3% | 13.5% | 13.5% |
Pre-tax income | 226.6 | 171.7 | 90.9 | 12.9 | -34.1 | 167.8 | 134.8 | 109.9 |
Income taxes | 47.1 | 22.7 | 21.1 | 0.6 | -24.9 | 54.2 | 1.4 | -4.4 |
Tax rate | 20.8% | 13.2% | 23.2% | 4.4% | 73.1% | 32.3% | 1.0% | |
Earnings from continuing ops | 88.1 | 314.4 | 154.1 | 35.8 | -3.4 | 119.1 | 105.6 | 195.3 |
Earnings from discontinued ops | | | | -0.2 | -0.1 | | 0.0 | -0.6 |
Net income | 88.1 | 314.4 | 154.1 | 35.6 | -3.5 | 118.8 | 105.1 | 194.7 |
Net margin | 3.8% | 20.2% | 9.9% | 2.4% | -0.3% | 11.5% | 11.0% | 21.9% |
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Diluted EPS | $0.80 | $3.24 | $1.67 | $0.42 | ($0.04) | $1.56 | $1.53 | $2.94 |
Shares outstanding (diluted) | 110.1 | 97.0 | 92.3 | 84.5 | 79.5 | 76.5 | 68.9 | 66.4 |
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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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