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 | 6,973.9 | 5,680.7 | 5,532.8 | 5,336.8 | 4,531.6 | 4,443.4 | 4,128.8 | 4,014.1 |
Revenue growth | 22.8% | 2.7% | 3.7% | 17.8% | 2.0% | 7.6% | 2.9% | -2.5% |
Cost of goods sold | 757.9 | 483.1 | 390.3 | 421.5 | 404.2 | 431.0 | 382.8 | 450.1 |
Gross profit | 6,216.0 | 5,197.6 | 5,142.5 | 4,915.2 | 4,127.4 | 4,012.4 | 3,746.1 | 3,563.9 |
Gross margin | 89.1% | 91.5% | 92.9% | 92.1% | 91.1% | 90.3% | 90.7% | 88.8% |
Selling, general and administrative | 5,222.2 | 4,290.1 | 4,245.5 | 4,091.4 | 3,424.8 | 3,302.1 | 3,045.3 | 2,946.2 |
General and administrative | 243.3 | 211.5 | 217.3 | 196.1 | 168.6 | 166.7 | 151.8 | 141.0 |
EBITA | 579.0 | 539.3 | 553.9 | 483.6 | 402.9 | 426.0 | 411.4 | 322.3 |
EBITA margin | 8.3% | 9.5% | 10.0% | 9.1% | 8.9% | 9.6% | 10.0% | 8.0% |
Amortization of intangibles | 5.0 | 5.1 | 9.0 | 2.4 | 1.2 | 2.0 | 2.5 | 2.5 |
EBIT | 574.0 | 534.2 | 544.9 | 481.2 | 401.7 | 424.0 | 408.9 | 319.8 |
EBIT margin | 8.2% | 9.4% | 9.8% | 9.0% | 8.9% | 9.5% | 9.9% | 8.0% |
Pre-tax income | 462.1 | 466.7 | 475.1 | 398.4 | 316.9 | 350.0 | 326.2 | 247.1 |
Income taxes | 94.8 | 88.9 | 84.6 | 63.3 | 47.5 | 65.0 | 93.1 | 70.7 |
Tax rate | 20.5% | 19.1% | 17.8% | 15.9% | 15.0% | 18.6% | 28.5% | 28.6% |
Earnings from continuing ops | 367.3 | 377.7 | 390.5 | 335.2 | 269.4 | 280.4 | 364.1 | 211.0 |
Earnings from discontinued ops | | | | | | | -300.4 | -834.1 |
Net income | 367.5 | 378.1 | 390.2 | 335.5 | 272.3 | 280.4 | 63.7 | -623.1 |
Net margin | 5.3% | 6.7% | 7.1% | 6.3% | 6.0% | 6.3% | 1.5% | -15.5% |
|
Diluted EPS | $1.81 | $1.87 | $1.95 | $1.69 | $1.37 | $1.43 | $1.86 | $1.08 |
Shares outstanding (diluted) | 203.5 | 202.4 | 200.6 | 198.6 | 196.2 | 195.7 | 195.6 | 195.0 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|