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 | 4,078.1 | 2,486.6 | 2,337.1 | 2,263.1 | 1,635.7 | 1,221.9 | 920.3 | 735.7 |
Revenue growth | 64.0% | 6.4% | 3.3% | 38.4% | 33.9% | 32.8% | 25.1% | 23.7% |
Cost of goods sold | 3,276.9 | 2,027.6 | 1,914.2 | 1,847.2 | 1,356.7 | 1,019.4 | 795.2 | 617.2 |
Gross profit | 801.2 | 459.0 | 422.9 | 415.9 | 278.9 | 202.5 | 125.2 | 118.5 |
Gross margin | 19.6% | 18.5% | 18.1% | 18.4% | 17.1% | 16.6% | 13.6% | 16.1% |
Selling, general and administrative | 253.5 | 146.4 | 134.5 | 128.2 | 90.7 | 62.2 | 46.5 | 36.4 |
EBITA | 408.0 | 214.2 | 190.4 | 212.6 | 141.3 | 104.2 | 78.7 | 55.9 |
EBITA margin | 10.0% | 8.6% | 8.1% | 9.4% | 8.6% | 8.5% | 8.6% | 7.6% |
Amortization of intangibles | 56.3 | 40.9 | 35.9 | 34.2 | 19.4 | 13.4 | 8.8 | 4.5 |
EBIT | 351.7 | 173.4 | 154.4 | 178.4 | 121.9 | 90.8 | 69.9 | 51.5 |
EBIT margin | 8.6% | 7.0% | 6.6% | 7.9% | 7.5% | 7.4% | 7.6% | 7.0% |
Pre-tax income | 293.8 | 130.4 | 117.8 | 152.0 | 113.1 | 83.7 | 65.6 | 49.1 |
Income taxes | 68.9 | 33.3 | 28.3 | 32.1 | 27.4 | 28.1 | 23.4 | 18.4 |
Tax rate | 23.5% | 25.6% | 24.0% | 21.2% | 24.2% | 33.6% | 35.6% | 37.5% |
Net income | 224.9 | 97.1 | 89.6 | 119.8 | 85.7 | 55.6 | 42.2 | 30.7 |
Net margin | 5.5% | 3.9% | 3.8% | 5.3% | 5.2% | 4.5% | 4.6% | 4.2% |
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Diluted EPS | $9.63 | $4.20 | $3.85 | $4.93 | $3.48 | $2.43 | $1.82 | $1.91 |
Shares outstanding (diluted) | 23.4 | 23.1 | 23.3 | 24.3 | 24.6 | 22.9 | 23.3 | 16.0 |
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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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