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 | 3,415.8 | 2,915.1 | 2,855.1 | 2,759.5 | 2,668.5 | 2,560.5 | 2,381.7 | 2,177.3 |
| Revenue growth | 17.2% | 2.1% | 3.5% | 3.4% | 4.2% | 7.5% | 9.4% | 10.8% |
| Cost of goods sold | 920.6 | 867.5 | 813.2 | 757.1 | 708.0 | 669.1 | 635.5 | 613.3 |
| Gross profit | 2,495.2 | 2,047.6 | 2,042.0 | 2,002.4 | 1,960.6 | 1,891.5 | 1,746.2 | 1,564.0 |
| Gross margin | 73.0% | 70.2% | 71.5% | 72.6% | 73.5% | 73.9% | 73.3% | 71.8% |
| Selling, general and administrative | | | | 620.9 | 550.1 | | | |
| General and administrative | 101.3 | 83.2 | 62.1 | | | 83.7 | 88.2 | 71.5 |
| EBITA | 2,226.5 | 1,313.3 | 1,569.2 | 1,763.9 | 1,481.8 | 1,471.2 | 1,309.0 | 1,192.1 |
| EBITA margin | 65.2% | 45.1% | 55.0% | 63.9% | 55.5% | 57.5% | 55.0% | 54.7% |
| Amortization of intangibles | 76.6 | 16.1 | 16.8 | 16.6 | 15.0 | 21.7 | 26.1 | 48.4 |
| EBIT | 2,149.9 | 1,297.2 | 1,552.4 | 1,747.3 | 1,466.8 | 1,449.5 | 1,282.9 | 1,143.7 |
| EBIT margin | 62.9% | 44.5% | 54.4% | 63.3% | 55.0% | 56.6% | 53.9% | 52.5% |
| Pre-tax income | 1,959.6 | 1,361.2 | 1,525.7 | 1,711.0 | 1,442.2 | 1,460.4 | 1,317.7 | 1,150.0 |
| Income taxes | 6.4 | 4.0 | 5.1 | 0.0 | 0.0 | 6.9 | 6.4 | 5.8 |
| Tax rate | 0.3% | 0.3% | 0.3% | 0.0% | 0.0% | 0.5% | 0.5% | 0.5% |
| Net income | 1,732.4 | 1,098.3 | 1,272.8 | 1,711.0 | 1,442.2 | 1,183.9 | 1,053.1 | 908.2 |
| Net margin | 50.7% | 37.7% | 44.6% | 62.0% | 54.0% | 46.2% | 44.2% | 41.7% |
| |
| Diluted EPS | $9.87 | $6.29 | $7.29 | $9.82 | $8.28 | $6.81 | $6.07 | $5.25 |
| Shares outstanding (diluted) | 175.6 | 174.6 | 174.5 | 174.3 | 174.2 | 173.9 | 173.5 | 173.1 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|