Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Jan-01-22 | Jan-02-21 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Jan-02-16 |
Revenues | 5,217.9 | 3,810.3 | 2,907.0 | 3,238.0 | 3,645.6 | 3,360.3 | 3,224.5 | 3,509.7 |
Revenue growth | 36.9% | 31.1% | -10.2% | -11.2% | 8.5% | 4.2% | -8.1% | 7.6% |
Cost of goods sold | 3,548.2 | 2,698.7 | 2,100.4 | 2,377.3 | 2,681.0 | 2,476.7 | 2,359.5 | 2,576.5 |
Gross profit | 1,669.7 | 1,111.6 | 806.6 | 860.7 | 964.6 | 883.6 | 865.0 | 933.2 |
Gross margin | 32.0% | 29.2% | 27.7% | 26.6% | 26.5% | 26.3% | 26.8% | 26.6% |
Selling, general and administrative | | | | | | | 542.5 | 600.5 |
Sales and marketing | 978.4 | 714.7 | 512.9 | 544.3 | 599.4 | 552.6 | | |
EBITA | 922.7 | 482.7 | 335.8 | 401.4 | 411.4 | 386.5 | 384.5 | 396.6 |
EBITA margin | 17.7% | 12.7% | 11.6% | 12.4% | 11.3% | 11.5% | 11.9% | 11.3% |
Amortization of intangibles | 185.5 | 77.4 | 47.3 | 50.3 | 54.9 | 55.2 | 62.0 | 63.9 |
EBIT | 737.2 | 405.3 | 288.5 | 351.1 | 356.5 | 331.3 | 322.5 | 332.7 |
EBIT margin | 14.1% | 10.6% | 9.9% | 10.8% | 9.8% | 9.9% | 10.0% | 9.5% |
Pre-tax income | 613.8 | 310.5 | 248.5 | 303.8 | 292.2 | 277.2 | 266.4 | 196.9 |
Income taxes | 118.9 | 74.7 | 56.3 | 61.2 | 56.4 | 59.1 | 57.1 | 48.4 |
Tax rate | 19.4% | 24.1% | 22.7% | 20.1% | 19.3% | 21.3% | 21.4% | 24.6% |
Net income | 488.9 | 229.6 | 187.7 | 238.9 | 231.2 | 213.0 | 203.4 | 143.3 |
Net margin | 9.4% | 6.0% | 6.5% | 7.4% | 6.3% | 6.3% | 6.3% | 4.1% |
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Diluted EPS | $7.29 | $4.81 | $4.60 | $5.66 | $5.27 | $4.74 | $4.52 | $3.18 |
Shares outstanding (diluted) | 67.1 | 47.7 | 40.8 | 42.2 | 43.9 | 44.9 | 45.0 | 45.1 |
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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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