Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 1,049.5 | 1,070.3 | 1,160.3 | 1,157.1 | 1,239.0 | 1,100.8 | 1,199.0 | 1,038.7 |
Revenue growth | -1.9% | -7.8% | 0.3% | -6.6% | 12.6% | -8.2% | 15.4% | 16.2% |
Cost of goods sold | 16.6 | 24.2 | 27.2 | 30.7 | 31.4 | -415.8 | 194.4 | 197.6 |
Gross profit | 1,032.9 | 1,046.1 | 1,133.1 | 1,126.4 | 1,207.6 | 1,516.6 | 1,004.6 | 841.1 |
Gross margin | 98.4% | 97.7% | 97.7% | 97.3% | 97.5% | 137.8% | 83.8% | 81.0% |
Selling, general and administrative | | | | | | 313.9 | | |
Sales and marketing | 6.3 | 9.0 | 10.3 | 12.4 | 13.1 | | | |
Research and development | 57.1 | 63.7 | 65.3 | 66.1 | 63.0 | | | |
General and administrative | 369.5 | 332.0 | 337.0 | 360.2 | 348.7 | 105.1 | 104.6 | 86.4 |
EBIT | 94.8 | 145.7 | 223.2 | 221.3 | 268.9 | 403.1 | 492.3 | 384.6 |
EBIT margin | 9.0% | 13.6% | 19.2% | 19.1% | 21.7% | 36.6% | 41.1% | 37.0% |
Pre-tax income | 102.8 | 158.4 | 238.3 | 245.6 | 240.0 | 386.8 | 490.2 | 393.2 |
Income taxes | 30.1 | 41.4 | 55.5 | 101.4 | 81.9 | 149.2 | 176.8 | 140.2 |
Tax rate | 29.3% | 26.2% | 23.3% | 41.3% | 34.1% | 38.6% | 36.1% | 35.7% |
Net income | 72.7 | 117.0 | 182.8 | 144.2 | 158.1 | 237.6 | 313.3 | 253.0 |
Net margin | 6.9% | 10.9% | 15.8% | 12.5% | 12.8% | 21.6% | 26.1% | 24.4% |
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Diluted EPS | $1.12 | $1.60 | $2.27 | $1.73 | $1.91 | $2.85 | $3.71 | $2.96 |
Shares outstanding (diluted) | 65.0 | 73.3 | 80.5 | 83.6 | 82.7 | 83.5 | 84.5 | 85.6 |
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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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