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-05-18 | Dec-31-17 | Dec-05-17 |
Revenues | 1,429.5 | 1,460.9 | 1,200.7 | 1,314.6 | 1,459.9 | 1,459.9 | 1,408.9 | 1,408.9 |
Revenue growth | -2.1% | 21.7% | -8.7% | -10.0% | 3.6% | 3.6% | 40.0% | |
Cost of goods sold | 874.1 | 764.5 | 661.7 | 708.4 | 659.6 | 659.6 | 612.0 | 612.0 |
Gross profit | 555.4 | 696.4 | 539.0 | 606.2 | 800.3 | 800.3 | 796.9 | 796.9 |
Gross margin | 38.9% | 47.7% | 44.9% | 46.1% | 54.8% | 54.8% | 56.6% | 56.6% |
Sales and marketing | 76.6 | 78.2 | 70.6 | 77.7 | 57.8 | 57.8 | 49.8 | 49.8 |
Research and development | 116.1 | 139.6 | 126.9 | 130.0 | 122.8 | 122.8 | 100.9 | 100.9 |
General and administrative | 131.3 | 125.9 | 110.0 | 107.6 | 102.4 | 102.4 | 80.7 | 80.7 |
EBITA | 237.8 | 380.3 | 257.1 | 291.0 | 531.6 | 523.4 | 557.0 | 551.1 |
EBITA margin | 16.6% | 26.0% | 21.4% | 22.1% | 36.4% | 35.9% | 39.5% | 39.1% |
Amortization of intangibles | 10.5 | 12.4 | 12.0 | 12.9 | 8.2 | | 5.9 | |
EBIT | 227.3 | 367.9 | 245.1 | 278.0 | 523.4 | 523.4 | 551.1 | 551.1 |
EBIT margin | 15.9% | 25.2% | 20.4% | 21.2% | 35.9% | 35.9% | 39.1% | 39.1% |
Pre-tax income | 183.4 | 366.5 | 205.7 | 248.4 | 534.4 | 534.4 | 551.9 | 551.9 |
Income taxes | 72.6 | 88.6 | 45.4 | 68.1 | 130.2 | 130.2 | 204.3 | -204.3 |
Tax rate | 39.6% | 24.2% | 22.0% | 27.4% | 24.4% | 24.4% | 37.0% | |
Net income | 109.9 | 278.4 | 159.6 | 180.2 | 404.0 | 404.0 | 347.6 | 347.6 |
Net margin | 7.7% | 19.1% | 13.3% | 13.7% | 27.7% | 27.7% | 24.7% | 24.7% |
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Diluted EPS | $2.16 | $5.16 | $2.97 | $3.35 | $7.38 | $7.38 | $6.36 | $54,699.00 |
Shares outstanding (diluted) | 50.9 | 53.9 | 53.8 | 53.8 | 54.7 | 54.7 | 54.7 | 0.0 |
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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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