Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-25-21 | Dec-26-20 | Dec-28-19 | Dec-29-18 |
Revenues | 2,033.2 | 1,467.3 | 904.2 | 600.3 | 492.7 |
Revenue growth | 38.6% | 62.3% | 50.6% | 21.8% | |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 2,033.2 | 1,467.3 | 904.2 | 600.3 | 492.7 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 383.5 | 292.3 | 218.3 | 142.2 | 200.8 |
Sales and marketing | | | | | 75.0 |
EBITA | 373.0 | 317.7 | 140.9 | 95.5 | 58.2 |
EBITA margin | 18.3% | 21.7% | 15.6% | 15.9% | 11.8% |
Amortization of intangibles | 27.0 | 19.0 | 18.0 | 11.0 | |
EBIT | 346.0 | 298.7 | 122.9 | 84.5 | 58.2 |
EBIT margin | 17.0% | 20.4% | 13.6% | 14.1% | 11.8% |
Pre-tax income | 93.5 | 60.2 | 18.5 | 17.4 | 9.9 |
Income taxes | 25.2 | 25.4 | 11.4 | 4.8 | 2.8 |
Tax rate | 26.9% | 42.1% | 61.4% | 27.7% | 28.4% |
Net income | 68.4 | 35.0 | 7.2 | 12.6 | 7.1 |
Net margin | 3.4% | 2.4% | 0.8% | 2.1% | 1.4% |
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Diluted EPS | $0.41 | $0.21 | $68.76 | $0.14 | |
Shares outstanding (diluted) | 166.7 | 164.6 | 0.1 | 89.0 | |
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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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