Financial Summary (All financials)
In millions, except per share items | Dec-30-22 | Dec-31-21 | Dec-25-20 | Dec-27-19 | Dec-28-18 | Dec-29-17 | Dec-30-16 | Dec-25-15 |
Revenues | 2,143.5 | 1,987.6 | 1,650.1 | 1,646.0 | 1,653.3 | 1,474.7 | 1,329.3 | 1,286.5 |
Revenue growth | 7.8% | 20.5% | 0.2% | -0.4% | 12.1% | 10.9% | 3.3% | 5.4% |
Cost of goods sold | 1,086.1 | 953.7 | 795.2 | 786.3 | 770.8 | 679.5 | 618.4 | 601.8 |
Gross profit | 1,057.4 | 1,033.9 | 854.9 | 859.8 | 882.5 | 795.2 | 710.9 | 684.7 |
Gross margin | 49.3% | 52.0% | 51.8% | 52.2% | 53.4% | 53.9% | 53.5% | 53.2% |
Sales and marketing | 250.9 | 271.5 | 220.3 | 234.3 | 245.5 | 231.4 | 212.9 | 201.9 |
Research and development | 80.0 | 79.7 | 72.2 | 67.6 | 63.1 | 59.2 | 59.6 | 58.6 |
General and administrative | 153.8 | 151.4 | 135.5 | 133.4 | 137.5 | 125.9 | 125.2 | 122.2 |
EBITA | 572.7 | 549.2 | 443.6 | 440.0 | 452.0 | 393.5 | 331.0 | 319.3 |
EBITA margin | 26.7% | 27.6% | 26.9% | 26.7% | 27.3% | 26.7% | 24.9% | 24.8% |
Amortization of intangibles | | 17.9 | 16.7 | 15.5 | 15.6 | 14.8 | 17.8 | 17.2 |
EBIT | 572.7 | 531.3 | 426.9 | 424.5 | 436.4 | 378.7 | 313.2 | 302.1 |
EBIT margin | 26.7% | 26.7% | 25.9% | 25.8% | 26.4% | 25.7% | 23.6% | 23.5% |
Pre-tax income | 565.7 | 508.5 | 374.7 | 405.9 | 410.8 | 347.1 | 96.7 | 474.7 |
Income taxes | 105.1 | 68.6 | 44.2 | 62.0 | 69.7 | 94.7 | 56.0 | 129.0 |
Tax rate | 18.6% | 13.5% | 11.8% | 15.3% | 17.0% | 27.3% | 57.9% | 27.2% |
Net income | 460.6 | 439.9 | 330.5 | 343.9 | 341.1 | 252.4 | 40.7 | 345.7 |
Net margin | 21.5% | 22.1% | 20.0% | 20.9% | 20.6% | 17.1% | 3.1% | 26.9% |
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Diluted EPS | $2.66 | $2.52 | $1.92 | $2.00 | $1.97 | $1.45 | $0.24 | $1.95 |
Shares outstanding (diluted) | 172.9 | 174.5 | 172.0 | 171.6 | 173.2 | 174.3 | 170.9 | 177.0 |
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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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