Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 5,243.2 | 3,984.2 | 2,393.7 | 2,222.1 | 2,136.1 | 1,988.5 | 1,902.2 | 1,463.1 |
Revenue growth | 31.6% | 66.4% | 7.7% | 4.0% | 7.4% | 4.5% | 30.0% | 41.2% |
Cost of goods sold | 3,526.6 | 2,674.6 | 1,601.9 | 1,478.6 | 1,439.7 | 1,344.0 | 1,282.5 | 993.7 |
Gross profit | 1,716.7 | 1,309.6 | 791.8 | 743.5 | 696.4 | 644.4 | 619.7 | 469.4 |
Gross margin | 32.7% | 32.9% | 33.1% | 33.5% | 32.6% | 32.4% | 32.6% | 32.1% |
Selling, general and administrative | 936.6 | 730.5 | 549.7 | 508.0 | 452.3 | 399.7 | 398.5 | 319.5 |
EBITA | 730.2 | 541.0 | 149.3 | 176.9 | 202.8 | 212.4 | 191.6 | 128.9 |
EBITA margin | 13.9% | 13.6% | 6.2% | 8.0% | 9.5% | 10.7% | 10.1% | 8.8% |
Amortization of intangibles | 83.1 | 63.0 | | | | | | |
EBIT | 647.1 | 478.0 | 149.3 | 176.9 | 202.8 | 212.4 | 191.6 | 128.9 |
EBIT margin | 12.3% | 12.0% | 6.2% | 8.0% | 9.5% | 10.7% | 10.1% | 8.8% |
Pre-tax income | 606.7 | 443.9 | 91.5 | 148.5 | 186.7 | 192.8 | 176.2 | 121.1 |
Income taxes | 162.7 | 116.5 | 20.9 | 34.5 | 44.9 | 60.2 | 70.3 | 39.2 |
Tax rate | 26.8% | 26.3% | 22.8% | 23.2% | 24.1% | 31.2% | 39.9% | 32.4% |
Net income | 606.7 | 443.9 | 91.5 | 114.0 | 141.7 | 132.6 | 105.8 | 81.9 |
Net margin | 11.6% | 11.1% | 3.8% | 5.1% | 6.6% | 6.7% | 5.6% | 5.6% |
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Diluted EPS | $13.52 | $9.24 | $1.92 | $2.40 | $2.91 | $2.68 | $2.15 | $1.68 |
Shares outstanding (diluted) | 44.9 | 48.0 | 47.7 | 47.6 | 48.7 | 49.4 | 49.3 | 48.8 |
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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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