Financial Summary (All financials)
In millions, except per share items | Mar-31-23 | Mar-31-22 | Mar-31-21 | Mar-31-20 | Mar-31-19 | Mar-31-18 | Mar-31-17 | Mar-31-16 |
Revenues | 5,349.9 | 3,504.8 | 3,372.8 | 3,089.0 | 2,668.4 | 1,792.9 | 1,779.7 | 1,413.7 |
Revenue growth | 52.6% | 3.9% | 9.2% | 15.8% | 48.8% | 0.7% | 25.9% | 30.5% |
Cost of goods sold | 1,020.9 | 1,535.4 | 1,535.1 | 1,542.5 | 1,523.6 | 898.3 | 1,023.0 | 813.9 |
Gross profit | 4,329.0 | 1,969.4 | 1,837.7 | 1,546.5 | 1,144.8 | 894.6 | 756.8 | 599.8 |
Gross margin | 80.9% | 56.2% | 54.5% | 50.1% | 42.9% | 49.9% | 42.5% | 42.4% |
Sales and marketing | 1,592.6 | 516.4 | 445.0 | 458.4 | 391.4 | 256.1 | 285.5 | 198.3 |
Research and development | 892.5 | 406.6 | 317.3 | 296.4 | 230.2 | 196.4 | 137.9 | 119.8 |
General and administrative | 843.1 | 510.9 | 390.7 | 318.2 | 281.2 | 247.8 | 211.4 | 192.5 |
EBITA | -1,165.2 | 539.3 | 661.4 | 446.3 | 225.6 | 185.1 | 99.5 | 63.3 |
EBITA margin | -21.8% | 15.4% | 19.6% | 14.4% | 8.5% | 10.3% | 5.6% | 4.5% |
Amortization of intangibles | | 64.8 | 32.2 | 21.0 | 23.9 | 34.8 | 6.8 | 0.2 |
EBIT | -1,165.2 | 474.4 | 629.1 | 425.4 | 201.7 | 150.3 | 92.7 | 63.1 |
EBIT margin | -21.8% | 13.5% | 18.7% | 13.8% | 7.6% | 8.4% | 5.2% | 4.5% |
Pre-tax income | -1,338.1 | 465.4 | 677.8 | 458.4 | 232.8 | 136.6 | 77.0 | -38.4 |
Income taxes | -213.4 | 47.4 | 88.9 | 54.0 | -101.1 | -36.9 | 9.7 | -30.0 |
Tax rate | 15.9% | 10.2% | 13.1% | 11.8% | | | 12.6% | 78.4% |
Net income | -1,124.7 | 418.0 | 588.9 | 404.5 | 333.8 | 173.5 | 67.3 | -8.3 |
Net margin | -21.0% | 11.9% | 17.5% | 13.1% | 12.5% | 9.7% | 3.8% | -0.6% |
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Diluted EPS | ($3.52) | $3.58 | $5.09 | $3.54 | $2.90 | $1.54 | $0.72 | ($0.10) |
Shares outstanding (diluted) | 319.8 | 116.8 | 115.7 | 114.1 | 115.2 | 112.9 | 94.1 | 83.4 |
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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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