Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 5,077.5 | 3,716.3 | 3,459.3 | 3,042.4 | 3,042.4 | 2,443.3 | 2,529.6 | 2,218.0 |
Revenue growth | 36.6% | 7.4% | 13.7% | 24.5% | | -3.4% | 14.0% | 58.1% |
Cost of goods sold | 1,797.5 | 1,366.4 | 1,137.0 | 965.0 | 965.0 | 861.2 | 932.2 | 729.3 |
Gross profit | 3,280.0 | 2,350.0 | 2,322.3 | 2,077.4 | 2,077.4 | 1,582.1 | 1,597.4 | 1,488.8 |
Gross margin | 64.6% | 63.2% | 67.1% | 68.3% | 68.3% | 64.8% | 63.1% | 67.1% |
Sales and marketing | 1,176.0 | 887.9 | 913.8 | 771.4 | 771.4 | 717.4 | 957.8 | 871.5 |
Research and development | 1,246.7 | 873.0 | 682.3 | 553.9 | 553.9 | 542.0 | 713.5 | 806.6 |
General and administrative | 584.3 | 562.4 | 359.8 | 298.8 | 298.8 | 283.9 | 293.3 | 260.7 |
EBITA | -451.5 | 50.3 | 382.9 | 472.3 | 453.3 | 85.2 | -297.9 | -395.3 |
EBITA margin | -8.9% | 1.4% | 11.1% | 15.5% | 14.9% | 3.5% | -11.8% | -17.8% |
Amortization of intangibles | 41.2 | 23.6 | 16.5 | 19.0 | | 46.5 | 69.3 | 54.7 |
EBIT | -492.7 | 26.7 | 366.4 | 453.3 | 453.3 | 38.7 | -367.2 | -450.0 |
EBIT margin | -9.7% | 0.7% | 10.6% | 14.9% | 14.9% | 1.6% | -14.5% | -20.3% |
Pre-tax income | -411.1 | -50.9 | 390.1 | 423.5 | 423.5 | -95.4 | -440.8 | -533.3 |
Income taxes | -189.7 | 1,084.7 | -1,075.5 | -782.1 | -782.1 | 12.6 | 16.0 | -12.3 |
Tax rate | 46.1% | | | | | | | 2.3% |
Net income | -221.4 | -1,135.6 | 1,465.7 | 1,205.6 | 0.0 | -108.1 | -456.9 | -521.0 |
Net margin | -4.4% | -30.6% | 42.4% | 39.6% | 0.0% | -4.4% | -18.1% | -23.5% |
|
Diluted EPS | ($0.28) | ($1.44) | $1.87 | $1.56 | | ($0.15) | ($0.65) | ($0.79) |
Shares outstanding (diluted) | 797.6 | 787.9 | 785.5 | 772.7 | | 732.7 | 702.1 | 662.4 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|