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 |
Revenues | 667.4 | 451.0 | 302.6 | 490.5 | 300.2 |
Revenue growth | 48.0% | 49.0% | -38.3% | 63.4% | |
Cost of goods sold | 50.1 | 40.0 | 32.2 | 35.0 | 18.4 |
Gross profit | 617.3 | 410.9 | 270.4 | 455.5 | 281.8 |
Gross margin | 92.5% | 91.1% | 89.4% | 92.9% | 93.9% |
General and administrative | 22.1 | 19.1 | 20.5 | 25.9 | 7.2 |
EBIT | 562.3 | 362.4 | 217.3 | 399.6 | 260.8 |
EBIT margin | 84.3% | 80.4% | 71.8% | 81.5% | 86.9% |
Pre-tax income | 568.9 | 363.0 | 219.7 | 402.3 | 261.8 |
Income taxes | 122.5 | 93.0 | 43.6 | 83.5 | 52.0 |
Tax rate | 21.5% | 25.6% | 19.9% | 20.8% | 19.9% |
Net income | 446.4 | 270.0 | 176.0 | 318.7 | 209.7 |
Net margin | 66.9% | 59.9% | 58.2% | 65.0% | 69.9% |
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Diluted EPS | $57.77 | $34.83 | $22.70 | $41.09 | $26.93 |
Shares outstanding (diluted) | 7.7 | 7.8 | 7.8 | 7.8 | 7.8 |
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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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