Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 4,540.0 | 4,034.0 | 3,856.0 | 3,503.0 | 3,275.0 | 3,060.0 | 2,659.0 | 2,193.5 |
Revenue growth | 12.5% | 4.6% | 10.1% | 7.0% | 7.0% | 15.1% | 21.2% | 33.4% |
Cost of goods sold | 54.0 | 47.0 | 46.0 | 40.0 | 33.0 | 225.0 | 179.0 | 160.4 |
Gross profit | 4,486.0 | 3,987.0 | 3,810.0 | 3,463.0 | 3,242.0 | 2,835.0 | 2,480.0 | 2,033.2 |
Gross margin | 98.8% | 98.8% | 98.8% | 98.9% | 99.0% | 92.6% | 93.3% | 92.7% |
Sales and marketing | 202.0 | 186.0 | 190.0 | 182.0 | 187.0 | 174.0 | 167.0 | 140.0 |
Research and development | 50.0 | 40.0 | 43.0 | 49.0 | 45.0 | 31.0 | | |
General and administrative | 3,515.0 | 3,131.0 | 3,064.0 | 2,752.0 | 2,580.0 | 2,506.0 | 2,181.0 | 1,740.2 |
EBITA | 460.0 | 373.0 | 273.0 | 256.0 | 222.0 | 140.0 | 117.0 | 139.1 |
EBITA margin | 10.1% | 9.2% | 7.1% | 7.3% | 6.8% | 4.6% | 4.4% | 6.3% |
Amortization of intangibles | 5.0 | 5.0 | 5.0 | 5.0 | 5.0 | 16.0 | 39.0 | 52.3 |
EBIT | 455.0 | 368.0 | 268.0 | 251.0 | 217.0 | 124.0 | 78.0 | 86.8 |
EBIT margin | 10.0% | 9.1% | 7.0% | 7.2% | 6.6% | 4.1% | 2.9% | 4.0% |
Pre-tax income | 441.0 | 357.0 | 270.0 | 241.0 | 200.0 | 104.0 | 60.0 | 33.1 |
Income taxes | 103.0 | 85.0 | 58.0 | 49.0 | 22.0 | 43.0 | 28.0 | 17.6 |
Tax rate | 23.4% | 23.8% | 21.5% | 20.3% | 11.0% | 41.3% | 46.7% | 53.1% |
Net income | 338.0 | 272.0 | 212.0 | 192.0 | 178.0 | 61.0 | 32.0 | 15.5 |
Net margin | 7.4% | 6.7% | 5.5% | 5.5% | 5.4% | 2.0% | 1.2% | 0.7% |
|
Diluted EPS | $5.04 | $4.00 | $2.99 | $2.67 | $2.51 | $0.85 | $0.44 | $0.26 |
Shares outstanding (diluted) | 67.0 | 68.0 | 71.0 | 72.0 | 71.0 | 72.0 | 72.6 | 59.6 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|