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: |
Austin | | | | | | | | 26.6 |
Houston | | | | | | | | 176.8 |
Other | | | | | | | | 1.0 |
Total revenues [+] | 762.3 | 755.1 | 740.3 | 657.5 | 475.2 | 466.2 | 259.2 | 204.4 |
Reimbursements | 2.0 | 2.5 | 1.6 | 4.0 | 3.8 | 3.5 | 3.3 | 3.4 |
Other | | | | | | | | 0.8 |
Revenue growth | 1.0% | 2.0% | 12.6% | 38.4% | 1.9% | 79.8% | 26.8% | 15.1% |
Cost of goods sold | 258.4 | 259.5 | 250.9 | 222.1 | 164.7 | 163.9 | 96.9 | 82.5 |
Gross profit | 503.9 | 495.6 | 489.5 | 435.4 | 310.5 | 302.3 | 162.3 | 121.8 |
Gross margin | 66.1% | 65.6% | 66.1% | 66.2% | 65.3% | 64.8% | 62.6% | 59.6% |
Selling, general and administrative [+] | 28.3 | 29.3 | 27.0 | 37.0 | 22.0 | 27.5 | 25.6 | 16.9 |
General and administrative | 28.3 | 29.3 | 27.0 | 37.0 | 22.0 | 27.5 | 25.6 | 16.9 |
Equity in earnings | 7.7 | 6.8 | 7.9 | 12.7 | 12.2 | 47.1 | 10.6 | 8.3 |
Other operating expenses | -54.6 | -163.2 | -134.3 | -106.8 | -1.7 | -134.0 | 24.2 | 11.7 |
EBITDA [+] | 537.9 | 636.2 | 604.7 | 517.8 | 302.4 | 455.9 | 123.1 | 101.5 |
EBITDA growth | -15.5% | 5.2% | 16.8% | 71.2% | -33.7% | 270.4% | 21.3% | 1262.8% |
EBITDA margin | 70.6% | 84.3% | 81.7% | 78.7% | 63.6% | 97.8% | 47.5% | 49.7% |
Depreciation and amortization | 295.6 | 288.1 | 288.6 | 257.1 | 181.4 | 196.7 | 97.9 | 71.6 |
EBIT [+] | 242.3 | 348.2 | 316.1 | 260.6 | 121.0 | 259.2 | 25.1 | 29.9 |
EBIT growth | -30.4% | 10.2% | 21.3% | 115.4% | -53.3% | 930.9% | -15.8% | 300.9% |
EBIT margin | 31.8% | 46.1% | 42.7% | 39.6% | 25.5% | 55.6% | 9.7% | 14.6% |
Non-recurring items [+] | | | 15.3 | 52.9 | 0.2 | 1.7 | 24.5 | 0.3 |
Asset impairment | | | 14.8 | | | | | |
Interest expense | 72.5 | 67.0 | 60.6 | 54.0 | 39.4 | 33.5 | 26.7 | 22.7 |
Interest expense | 72.5 | 67.0 | 60.6 | 54.0 | 39.4 | 33.5 | 26.7 | 22.7 |
Other income (expense), net [+] | -2.3 | -2.1 | -2.1 | -1.1 | -0.6 | -4.1 | -0.7 | -1.2 |
Gain (loss) on debt retirement | 0.2 | | | | 0.0 | 2.3 | -5.2 | |
Other non-ooperating expenses | 2.1 | 2.1 | 2.1 | 1.1 | 0.6 | 1.8 | 5.9 | 1.2 |
Other | -2.1 | -2.1 | -2.1 | -1.1 | -0.6 | -1.8 | -5.9 | -1.2 |
Pre-tax income | 167.4 | 279.0 | 238.1 | 152.7 | 80.8 | 220.0 | -26.7 | 5.6 |
Income taxes | 0.7 | 0.4 | 0.8 | 0.0 | 0.0 | 0.0 | -45.9 | -25.7 |
Tax rate | 0.4% | 0.1% | 0.4% | 0.0% | 0.0% | 0.0% | 171.7% | |
Minority interest | 0.7 | 0.4 | 0.8 | -2.3 | -1.6 | -3.7 | -1.0 | -0.1 |
Earnings from continuing ops | 166.8 | 278.6 | 237.3 | 150.4 | 79.2 | 216.3 | 59.9 | 94.2 |
Earnings from discontinued ops | | | | | | | 19.2 | 31.3 |
Net income | 166.8 | 278.6 | 237.3 | 150.4 | 79.2 | 216.3 | 79.1 | 125.5 |
Net margin | 21.9% | 36.9% | 32.0% | 22.9% | 16.7% | 46.4% | 30.5% | 61.4% |
|
Basic EPS [+] | $1.11 | $1.87 | $1.60 | $1.17 | $0.75 | $2.08 | $0.24 | $0.44 |
Growth | -40.7% | 17.1% | 36.2% | 55.9% | -63.8% | 781.6% | -45.9% | 1551.9% |
Diluted EPS [+] | $1.11 | $1.87 | $1.60 | $1.16 | $0.74 | $2.04 | $0.23 | $0.44 |
Growth | -40.7% | 17.2% | 37.8% | 56.4% | -63.8% | 772.9% | -46.3% | 1552.7% |
|
Dividends per share [+] | $1.28 | $1.24 | $1.20 | $1.16 | $1.04 | $1.20 | $0.24 | $0.32 |
Growth | 3.2% | 3.3% | 3.4% | 11.5% | -13.3% | 400.0% | -25.0% | 6.7% |
|
Shares outstanding (basic) [+] | 150.1 | 148.7 | 148.3 | 128.1 | 105.1 | 103.9 | 253.9 | 215.8 |
Growth | 1.0% | 0.3% | 15.8% | 21.9% | 1.1% | -59.1% | 17.6% | 5.7% |
Shares outstanding (diluted) [+] | 150.4 | 148.9 | 148.6 | 129.8 | 106.9 | 105.8 | 256.0 | 216.0 |
Growth | 1.0% | 0.2% | 14.5% | 21.5% | 1.0% | -58.7% | 18.5% | 5.6% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |