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 | 2,738.8 | 2,073.1 | 1,781.3 | 1,999.0 | 1,976.7 | 1,754.5 | 1,554.8 | 1,678.2 |
Revenue growth | 32.1% | 16.4% | -10.9% | 1.1% | 12.7% | 12.8% | -7.4% | -5.2% |
Cost of goods sold | 1,122.6 | 850.3 | 689.2 | 771.1 | 785.2 | 718.9 | 655.9 | 786.4 |
Gross profit | 1,616.2 | 1,222.8 | 1,092.1 | 1,227.9 | 1,191.5 | 1,035.6 | 898.9 | 891.8 |
Gross margin | 59.0% | 59.0% | 61.3% | 61.4% | 60.3% | 59.0% | 57.8% | 53.1% |
Selling, general and administrative | 946.0 | 731.5 | 661.3 | 703.9 | 698.8 | 319.1 | 275.3 | 267.6 |
EBITA | 590.5 | 390.1 | 214.7 | 254.5 | 216.1 | 110.8 | 81.2 | 171.3 |
EBITA margin | 21.6% | 18.8% | 12.1% | 12.7% | 10.9% | 6.3% | 5.2% | 10.2% |
Amortization of intangibles | 31.4 | 12.4 | 8.0 | 7.0 | 5.4 | 4.7 | 5.1 | 37.6 |
EBIT | 559.1 | 377.7 | 206.7 | 247.5 | 210.7 | 106.1 | 76.1 | 133.7 |
EBIT margin | 20.4% | 18.2% | 11.6% | 12.4% | 10.7% | 6.0% | 4.9% | 8.0% |
Pre-tax income | 433.4 | 290.4 | 94.1 | 63.6 | 68.8 | -64.4 | -4.9 | 156.9 |
Income taxes | 103.5 | 66.3 | 20.4 | 16.1 | -0.3 | -224.7 | 14.8 | 45.6 |
Tax rate | 23.9% | 22.8% | 21.7% | 25.3% | | 348.9% | | 29.1% |
Net income | 329.9 | 224.1 | 73.7 | 47.5 | 69.1 | 160.3 | -19.7 | 111.3 |
Net margin | 12.0% | 10.8% | 4.1% | 2.4% | 3.5% | 9.1% | -1.3% | 6.6% |
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Diluted EPS | $10.92 | $7.37 | $2.51 | $1.63 | $2.39 | $5.60 | ($0.70) | $3.69 |
Shares outstanding (diluted) | 30.2 | 30.4 | 29.4 | 29.1 | 28.9 | 28.6 | 28.3 | 30.2 |
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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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