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 | 670.4 | 513.4 | 471.0 | 458.8 | 418.7 | 380.9 | 413.0 | 406.7 |
Revenue growth | 30.6% | 9.0% | 2.7% | 9.6% | 9.9% | -7.8% | 1.5% | 24.2% |
Cost of goods sold | -13.2 | -39.4 | -2.3 | 0.0 | -5.0 | -1.1 | 0.2 | -7.4 |
Gross profit | 683.6 | 552.8 | 473.3 | 458.8 | 423.7 | 382.0 | 412.8 | 414.1 |
Gross margin | 102.0% | 107.7% | 100.5% | 100.0% | 101.2% | 100.3% | 100.0% | 101.8% |
Selling, general and administrative | 408.1 | 310.0 | 611.5 | 321.1 | 306.1 | 227.4 | 244.7 | 248.1 |
EBIT | 265.1 | 209.6 | 197.0 | 214.9 | 196.6 | 178.4 | 201.2 | 286.6 |
EBIT margin | 39.5% | 40.8% | 41.8% | 46.8% | 47.0% | 46.8% | 48.7% | 70.5% |
Pre-tax income | 199.9 | 160.1 | -228.7 | 72.1 | 59.0 | 77.4 | 118.6 | 167.2 |
Income taxes | -2.8 | -4.2 | -4.3 | -17.1 | -14.6 | -23.8 | -27.8 | -33.6 |
Tax rate | | | 1.9% | | | | | |
Net income | 202.8 | 164.3 | -224.4 | 89.2 | 73.6 | 101.2 | 146.4 | 200.8 |
Net margin | 30.2% | 32.0% | -47.6% | 19.4% | 17.6% | 26.6% | 35.5% | 49.4% |
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Diluted EPS | $1.48 | $1.18 | ($2.06) | $0.83 | $0.68 | $0.98 | $1.36 | $1.69 |
Shares outstanding (diluted) | 137.4 | 139.4 | 109.0 | 107.7 | 107.6 | 102.9 | 108.0 | 119.0 |
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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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