Financial Summary (All financials)
In millions, except per share items | Oct-29-22 | Oct-30-21 | Oct-31-20 | Nov-02-19 | Nov-03-18 | Oct-31-17 | Oct-31-16 | Oct-31-15 |
Revenues | 3,632.7 | 3,620.7 | 3,532.2 | 3,572.1 | 3,094.3 | 2,801.7 | 2,600.6 | 2,445.7 |
Revenue growth | 0.3% | 2.5% | -1.1% | 15.4% | 10.4% | 7.7% | 6.3% | 6.9% |
Cost of goods sold | 2,072.3 | 1,898.7 | 1,879.3 | 2,030.1 | 1,779.6 | 1,555.9 | 1,439.0 | 1,370.1 |
Gross profit | 1,560.3 | 1,722.0 | 1,652.9 | 1,542.1 | 1,314.7 | 1,245.8 | 1,161.6 | 1,075.6 |
Gross margin | 43.0% | 47.6% | 46.8% | 43.2% | 42.5% | 44.5% | 44.7% | 44.0% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 466.6 | 452.2 | 416.4 | 423.0 | 394.1 | 356.2 | 349.7 | 333.8 |
Research and development | 624.7 | 536.7 | 529.9 | 548.1 | 491.6 | 475.3 | 451.8 | 414.2 |
General and administrative | 179.4 | 181.9 | 169.5 | 174.4 | 160.1 | 142.6 | 132.8 | 123.4 |
EBITA | 302.1 | 566.1 | 556.3 | 413.2 | 284.1 | 284.4 | 244.0 | 214.5 |
EBITA margin | 8.3% | 15.6% | 15.7% | 11.6% | 9.2% | 10.1% | 9.4% | 8.8% |
Amortization of intangibles | 44.3 | 36.0 | 38.6 | 35.1 | 25.8 | 45.7 | 78.3 | 79.9 |
EBIT | 257.8 | 530.1 | 517.7 | 378.0 | 258.3 | 238.7 | 165.7 | 134.6 |
EBIT margin | 7.1% | 14.6% | 14.7% | 10.6% | 8.3% | 8.5% | 6.4% | 5.5% |
Pre-tax income | 182.5 | 462.8 | 456.0 | 313.2 | 148.8 | 156.1 | 86.7 | 23.8 |
Income taxes | 29.6 | -37.4 | 94.7 | 59.8 | 493.5 | -1,105.8 | 14.1 | 12.1 |
Tax rate | 16.2% | | 20.8% | 19.1% | 331.7% | | 16.3% | 50.9% |
Net income | 152.9 | 500.2 | 361.3 | 253.4 | -344.7 | 1,262.0 | 72.6 | 11.7 |
Net margin | 4.2% | 13.8% | 10.2% | 7.1% | -11.1% | 45.0% | 2.8% | 0.5% |
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Diluted EPS | $1.00 | $3.19 | $2.32 | $1.61 | ($2.40) | $7.43 | $0.48 | $0.10 |
Shares outstanding (diluted) | 152.2 | 156.7 | 156.0 | 157.6 | 143.7 | 169.9 | 150.7 | 120.1 |
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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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