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 | 3,676.0 | 2,413.0 | 2,381.0 | 2,122.0 | 1,084.0 | 1,142.2 | 883.0 | 885.6 |
Revenue growth | 52.3% | 1.3% | 12.2% | 95.8% | 22.8% | 29.0% | -31.4% | |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 695.4 | 0.0 | 592.0 |
Gross profit | 3,676.0 | 2,413.0 | 2,381.0 | 2,122.0 | 1,084.0 | 446.8 | 883.0 | 293.6 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 39.1% | 100.0% | 33.2% |
Selling, general and administrative | 2,686.0 | 2,032.0 | 1,629.0 | | | 58.0 | | 2.8 |
General and administrative | | | | 104.0 | 41.0 | | 32.0 | |
EBITA | 1,195.0 | 540.0 | 828.0 | 539.0 | 393.0 | 392.9 | 241.0 | 241.6 |
EBITA margin | 32.5% | 22.4% | 34.8% | 25.4% | 36.3% | 34.4% | 27.3% | 27.3% |
Amortization of intangibles | 207.0 | 117.0 | 105.0 | 115.0 | 21.0 | 20.6 | 25.0 | 25.1 |
EBIT | 988.0 | 423.0 | 723.0 | 424.0 | 372.0 | 372.4 | 216.0 | 216.5 |
EBIT margin | 26.9% | 17.5% | 30.4% | 20.0% | 34.3% | 32.6% | 24.5% | 24.5% |
Pre-tax income | 614.0 | 168.0 | 544.0 | 255.0 | 288.0 | 287.7 | 193.0 | 193.3 |
Income taxes | 159.0 | 78.0 | 134.0 | 76.0 | 77.0 | 76.8 | -69.0 | -68.7 |
Tax rate | 25.9% | 46.4% | 24.6% | 29.8% | 26.7% | 26.7% | | |
Earnings from continuing ops | 403.0 | 38.0 | 358.0 | 127.0 | 1.0 | | 262.0 | |
Earnings from discontinued ops | | | | | 210.0 | | | |
Net income | 403.0 | 38.0 | 358.0 | 127.0 | 211.0 | 0.0 | 262.0 | 0.0 |
Net margin | 11.0% | 1.6% | 15.0% | 6.0% | 19.5% | 0.0% | 29.7% | 0.0% |
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Diluted EPS | $1.45 | $0.40 | $1.23 | $1.28 | $0.00 | $0.00 | $1.19 | $0.00 |
Shares outstanding (diluted) | 278.0 | 95.0 | 290.0 | 99.0 | 266.0 | 88.8 | 221.0 | 73.8 |
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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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