In millions, except per share items | Jun-30-23 | Dec-31-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 | Mar-31-21 |
| 10-Q | 8-K | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q |
Revenues: |
International | 254.7 | | 185.2 | | | | | |
United States | 616.6 | | 511.0 | 451.2 | 517.1 | 489.6 | 461.5 | 381.2 |
Distributor | 738.8 | | 585.1 | 527.1 | 585.4 | 552.3 | 495.9 | 390.7 |
Direct | 132.5 | | 111.1 | 101.7 | 112.8 | 97.9 | 99.2 | 114.3 |
Total revenues | 871.3 | 815.2 | 696.2 | 628.8 | 698.2 | 650.2 | 595.1 | 505.0 |
Revenue growth [+] | 25.2% | 16.8% | 17.0% | 24.5% | 22.7% | 29.8% | 31.7% | 24.7% |
International | 37.5% | | | | | | | |
United States | 20.7% | | 10.7% | 18.4% | 14.5% | 22.8% | 25.7% | 30.4% |
Distributor | 26.3% | | 18.0% | 34.9% | 33.8% | 44.4% | 49.5% | 36.6% |
Direct | 19.3% | | 12.0% | -11.0% | -14.2% | -17.4% | -17.4% | -3.9% |
Outside of the United States | | | | 43.5% | 54.3% | 57.0% | 57.7% | 9.8% |
Cost of goods sold | 324.9 | 273.9 | 246.7 | 230.7 | 225.6 | 203.3 | 178.0 | 161.1 |
Gross profit | 546.4 | 541.3 | 449.5 | 398.1 | 472.6 | 446.9 | 417.1 | 343.9 |
Gross margin | 62.7% | 66.4% | 64.6% | 63.3% | 67.7% | 68.7% | 70.1% | 68.1% |
Selling, general and administrative [+] | 297.3 | 297.8 | 248.9 | 220.9 | 231.4 | 199.8 | 186.5 | 188.6 |
General and administrative | | | | | 231.4 | | | |
Research and development | 119.3 | 116.3 | 121.7 | 135.9 | 149.8 | 128.8 | 129.1 | 109.4 |
Equity in earnings | | | | | 11.6 | | | |
Other operating expenses | | | | | 90.8 | | | |
EBITDA [+] | 131.5 | 127.2 | 120.6 | 78.1 | 44.3 | 143.8 | 124.5 | 66.8 |
EBITDA growth | 9.0% | 187.1% | -3.1% | 16.9% | -64.4% | 27.8% | 49.8% | 43.3% |
EBITDA margin | 15.1% | 15.6% | 17.3% | 12.4% | 6.3% | 22.1% | 20.9% | 13.2% |
Depreciation | 1.7 | | 39.7 | 36.8 | 28.4 | 25.5 | 22.5 | 20.9 |
EBITA | 129.8 | 127.2 | 80.9 | 41.3 | 15.9 | 118.3 | 102.0 | 45.9 |
EBITA margin | 14.9% | 15.6% | 11.6% | 6.6% | 2.3% | 18.2% | 17.1% | 9.1% |
Amortization of intangibles | 1.7 | 1.8 | 3.9 | | 3.7 | | 1.0 | |
EBIT [+] | 128.1 | 125.4 | 77.0 | 41.3 | 12.2 | 118.3 | 101.0 | 45.9 |
EBIT growth | 66.4% | 927.9% | -23.8% | -10.0% | -88.3% | 25.7% | 49.0% | 36.6% |
EBIT margin | 14.7% | 15.4% | 11.1% | 6.6% | 1.7% | 18.2% | 17.0% | 9.1% |
Interest expense | 5.9 | 4.7 | 4.7 | 4.6 | 56.3 | 25.1 | 4.8 | 4.7 |
Interest expense | 5.9 | 4.7 | 4.7 | 4.6 | 56.3 | 25.1 | 4.8 | 4.7 |
Other income (expense), net [+] | 37.1 | 12.5 | 3.0 | -0.6 | 112.3 | -2.5 | 0.9 | 0.1 |
Gain (loss) on debt retirement | | | | | 0.7 | -0.8 | | |
Other | 37.1 | | 3.0 | -0.8 | -1.0 | -1.7 | 0.9 | 0.1 |
Pre-tax income | 159.3 | 133.2 | 75.3 | 36.1 | 68.2 | 90.7 | 97.1 | 41.3 |
Income taxes | 43.4 | 41.4 | 24.4 | -61.2 | 25.4 | 19.8 | 18.7 | -15.2 |
Tax rate | 27.2% | 31.1% | 32.4% | | 37.2% | 21.8% | 19.3% | |
Net income | 115.9 | 91.8 | 50.9 | 97.3 | 42.8 | 70.9 | 78.4 | 56.5 |
Net margin | 13.3% | 11.3% | 7.3% | 15.5% | 6.1% | 10.9% | 13.2% | 11.2% |
|
Basic EPS [+] | $0.30 | $0.24 | $0.13 | $1.00 | $0.11 | $0.73 | $0.20 | $0.59 |
Growth | 131.1% | 114.8% | -36.0% | 70.6% | -89.8% | -2.9% | -58.9% | 170.7% |
Diluted EPS [+] | $0.27 | $0.22 | $0.12 | $0.91 | $0.10 | $0.71 | $0.18 | $0.54 |
Growth | 122.4% | 115.9% | -34.2% | 68.0% | -89.8% | -2.8% | -61.5% | 155.4% |
|
Shares outstanding (basic) [+] | 386.7 | 386.3 | 392.5 | 97.2 | 386.9 | 96.9 | 386.9 | 96.3 |
Growth | -1.5% | -0.2% | 1.4% | 0.9% | 2.5% | 1.1% | 312.5% | 4.9% |
Shares outstanding (diluted) [+] | 431.5 | 425.9 | 421.4 | 107.2 | 428.8 | 100.5 | 427.1 | 104.6 |
Growth | 2.4% | -0.7% | -1.3% | 2.5% | 2.0% | 1.0% | 340.3% | 11.2% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |