Overview Financials News + Filings Key Docs Charts Holdings Ownership Insiders
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| 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 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| United States | 2,142.0 | 1,849.4 | 1,509.5 | 1,161.5 | 818.4 | 596.2 | | 347.4 |
| Distributor | 2,470.8 | 2,024.3 | 1,437.6 | 1,011.6 | 652.9 | 538.0 | | |
| Direct | 439.0 | 424.2 | 489.1 | 464.4 | 378.7 | 180.5 | | |
| Other | | | | | | | | 54.6 |
| Total revenues [+] | 2,909.8 | 2,448.5 | 1,926.7 | 1,476.0 | 1,031.6 | 718.5 | 573.3 | 402.0 |
| Products | | | | | | | | 400.7 |
| Revenue growth [+] | 18.8% | 27.1% | 30.5% | 43.1% | 43.6% | 25.3% | 42.6% | 55.1% |
| United States | 15.8% | 22.5% | 30.0% | 41.9% | 37.3% | | | 55.0% |
| Distributor | 22.1% | 40.8% | 42.1% | 54.9% | 21.4% | | | |
| Direct | 3.5% | -13.3% | 5.3% | 22.6% | 109.8% | | | |
| Outside of the United States | 28.2% | 43.6% | 32.7% | 47.5% | 74.3% | | | |
| Cost of goods sold | 1,026.7 | 768.0 | 646.6 | 544.5 | 367.7 | 226.4 | 194.9 | 123.6 |
| Gross profit | 1,883.1 | 1,680.5 | 1,280.1 | 931.5 | 663.9 | 492.1 | 378.4 | 278.4 |
| Gross margin | 64.7% | 68.6% | 66.4% | 63.1% | 64.4% | 68.5% | 66.0% | 69.3% |
| Selling, general and administrative | 1,000.2 | 806.8 | 618.2 | 515.7 | 432.8 | 349.2 | 286.2 | 198.0 |
| Research and development | 484.2 | 517.1 | 359.9 | 273.5 | 199.7 | 185.4 | 156.1 | 137.5 |
| Equity in earnings | 0.2 | 11.6 | | | 80.1 | | | |
| Other operating expenses | | 87.1 | | | 217.7 | | | |
| EBITDA [+] | 547.3 | 379.4 | 366.6 | 191.0 | -77.1 | -26.4 | -48.9 | -46.3 |
| EBITDA growth | 44.3% | 3.5% | 91.9% | -347.7% | 192.0% | -46.0% | 5.6% | 253.4% |
| EBITDA margin | 18.8% | 15.5% | 19.0% | 12.9% | -7.5% | -3.7% | -8.5% | -11.5% |
| Depreciation | 148.4 | 98.3 | 64.6 | 48.7 | 29.1 | 16.1 | 15.0 | 10.8 |
| EBITA | 398.9 | 281.1 | 302.0 | 142.3 | -106.2 | -42.5 | -63.9 | -57.1 |
| EBITA margin | 13.7% | 11.5% | 15.7% | 9.6% | -10.3% | -5.9% | -11.1% | -14.2% |
| Amortization of intangibles | 7.5 | 3.7 | 2.5 | | | | | |
| EBIT [+] | 391.4 | 277.4 | 299.5 | 142.3 | -106.2 | -42.5 | -63.9 | -57.1 |
| EBIT growth | 41.1% | -7.4% | 110.5% | -234.0% | 149.9% | -33.5% | 11.9% | 165.6% |
| EBIT margin | 13.5% | 11.3% | 15.5% | 9.6% | -10.3% | -5.9% | -11.1% | -14.2% |
| Interest expense | 18.6 | 18.8 | 17.7 | 60.3 | 22.7 | 12.8 | 0.7 | 0.4 |
| Interest expense | 18.6 | 18.8 | 17.7 | 60.3 | 22.7 | 12.8 | 0.7 | 0.4 |
| Other income (expense), net [+] | 18.0 | -1.8 | 16.1 | 22.2 | 2.4 | 6.7 | -0.3 | |
| Gain (loss) on debt retirement | | -0.1 | | | | | | |
| Other | 18.0 | -1.7 | 16.1 | 26.4 | 2.4 | 6.7 | | |
| Pre-tax income | 390.8 | 256.8 | 297.9 | 104.2 | -126.5 | -48.6 | -64.9 | -57.5 |
| Income taxes | 49.6 | 39.9 | -251.8 | 3.1 | 0.6 | 1.6 | 0.7 | 0.1 |
| Tax rate | 12.7% | 15.5% | | 3.0% | | | | |
| Net income | 341.2 | 216.9 | 549.7 | 101.1 | -127.1 | -50.2 | -65.6 | -57.6 |
| Net margin | 11.7% | 8.9% | 28.5% | 6.8% | -12.3% | -7.0% | -11.4% | -14.3% |
| |
| Basic EPS [+] | $0.88 | $0.56 | $1.46 | $1.11 | ($1.44) | ($0.58) | ($0.78) | ($0.72) |
| Growth | 56.3% | -61.5% | 31.2% | -177.0% | 147.7% | -25.9% | 8.7% | 142.3% |
| Diluted EPS [+] | $0.80 | $0.51 | $1.31 | $1.10 | ($1.44) | ($0.58) | ($0.78) | ($0.72) |
| Growth | 57.8% | -61.3% | 19.4% | -176.0% | 147.7% | -25.9% | 8.7% | 142.3% |
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| Shares outstanding (basic) [+] | 389.4 | 386.9 | 377.5 | 91.1 | 88.2 | 86.3 | 83.6 | 79.8 |
| Growth | 0.6% | 2.5% | 314.4% | 3.3% | 2.2% | 3.2% | 4.8% | 6.1% |
| Shares outstanding (diluted) [+] | 427.5 | 428.8 | 420.4 | 92.3 | 88.2 | 86.3 | 83.6 | 79.8 |
| Growth | -0.3% | 2.0% | 355.5% | 4.6% | 2.2% | 3.2% | 4.8% | 6.1% |
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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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