Financial Summary (All financials)
| In millions, except per share items | May-31-23 | May-31-22 | May-31-21 | May-31-20 | May-31-19 | May-31-18 | May-31-17 | May-31-16 |
| Revenues | 1,806.4 | 1,525.6 | 1,482.3 | -43.5 | 1,085.3 | 533.9 | 522.4 | 35.8 |
| Revenue growth | 18.4% | 2.9% | -3510.2% | -104.0% | 103.3% | 2.2% | 1357.9% | -3.0% |
| Cost of goods sold | -59.0 | -51.9 | -55.3 | -54.5 | -49.8 | -51.4 | -47.8 | 44.6 |
| Gross profit | 1,865.4 | 1,577.5 | 1,537.5 | 11.1 | 1,135.2 | 585.3 | 570.1 | -8.8 |
| Gross margin | 103.3% | 103.4% | 103.7% | -25.4% | 104.6% | 109.6% | 109.1% | -24.4% |
| Selling, general and administrative | 50.6 | 43.3 | 39.4 | 46.6 | 43.3 | 39.5 | 38.5 | 41.8 |
| EBIT | 249.2 | 239.9 | 190.6 | -591.3 | -158.1 | 414.4 | 271.5 | -91.2 |
| EBIT margin | 13.8% | 15.7% | 12.9% | 1360.3% | -14.6% | 77.6% | 52.0% | -254.5% |
| Pre-tax income | 249.3 | 240.7 | 192.0 | -590.6 | -151.0 | 459.7 | 313.8 | -51.5 |
| Income taxes | -0.8 | -1.1 | -1.0 | -1.2 | 0.2 | 2.3 | 1.7 | 0.1 |
| Tax rate | | | | 0.2% | | 0.5% | 0.5% | |
| Net income | 250.2 | 244.5 | 195.3 | -585.2 | -149.2 | 455.2 | 309.9 | -49.7 |
| Net margin | 13.9% | 16.0% | 13.2% | 1346.4% | -13.7% | 85.3% | 59.3% | -138.6% |
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| Diluted EPS | | | | | | | | |
| Shares outstanding (diluted) | | | | | | | | |
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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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