BRUKER CORP (BRKR) [Rocket]

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
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
BEST	223.8	189.5	209.9	194.8	191.2	130.2	133.7	152.9
Other	2,194.1	1,798.0	1,862.7	1,700.8	1,574.7	1,481.1	1,490.1	1,656.0
Total revenues [+]	2,417.9	1,987.5	2,072.6	1,895.6	1,765.9	1,611.3	1,623.8	1,808.9
Products							1,381.1	1,571.9
Services							235.5	231.8
Other							7.2	5.2
Revenue growth [+]	21.7%	-4.1%	9.3%	7.3%	9.6%	-0.8%	-10.2%	-1.7%
BEST	18.1%	-9.7%	7.8%	1.9%	46.9%	-2.6%	-12.6%	3.7%
Cost of goods sold [+]	1,208.3	1,047.7	1,077.3	995.6	949.9	866.0	1,833.6	2,094.5
Cost of product sales							774.2	896.0
Cost of services							139.7	149.6
Other cost of sales							1.3
Gross profit	1,209.6	939.8	995.3	900.0	816.0	745.3	-209.8	-285.6
Gross margin	50.0%	47.3%	48.0%	47.5%	46.2%	46.3%	-12.9%	-15.8%
Selling, general and administrative [+]	1,125.2	939.7	1,004.1	894.2	834.6	785.8	793.3	906.0
Sales and marketing	1,122.4	937.2	1,000.4	889.4	830.4	779.6	784.4	902.0
General and administrative	2.8	2.5	3.7	4.8	4.2	6.2	8.9	4.0
Other selling, general and administrative	1,122.4	937.2	1,000.4	889.4	830.4	779.6	784.4	902.0
Research and development	220.8	198.0	187.7	173.4	161.6	147.9	145.7	174.2
Other operating expenses	-564.0	-471.1	-503.9	-449.5	-419.6	-396.0	-1,319.9	-1,507.1
EBITDA [+]	516.7	353.6	383.0	346.8	303.3	261.9	224.4	201.0
EBITDA growth	46.1%	-7.7%	10.4%	14.3%	15.8%	16.7%	11.6%	-4.1%
EBITDA margin	21.4%	17.8%	18.5%	18.3%	17.2%	16.3%	13.8%	11.1%
Depreciation	51.7	44.6	37.3	36.0	34.3	32.6	32.6	39.5
EBITA	465.0	309.0	345.7	310.8	269.0	229.3	191.8	161.5
EBITA margin	19.2%	15.5%	16.7%	16.4%	15.2%	14.2%	11.8%	8.9%
Amortization of intangibles	37.4	35.8	38.3	28.9	29.6	21.7	20.7	20.2
EBIT [+]	427.6	273.2	307.4	281.9	239.4	207.6	171.1	141.3
EBIT growth	56.5%	-11.1%	9.0%	17.8%	15.3%	21.3%	21.1%	-4.7%
EBIT margin	17.7%	13.7%	14.8%	14.9%	13.6%	12.9%	10.5%	7.8%
Non-recurring items [+]	14.3	24.9	6.5	19.5	19.9	25.8	25.4	35.9
Unusual expense	14.3	24.9	6.5	19.5	19.7	25.8	25.0	32.7
Interest expense, net [+]	-0.9	-3.2	-1.3	-1.2	-0.8	-0.3	-1.2	-0.8
Interest expense	14.3	14.4	16.0	12.6	15.4	13.2	13.0	13.3
Interest income	0.9	3.2	1.3	1.2	0.8	0.3	1.2	0.8
Other income (expense), net	-6.3	-11.3	-5.8	-6.3	-7.1	8.7	-5.9	8.4
Pre-tax income	393.6	225.8	280.4	244.7	197.8	177.6	128.0	101.3
Income taxes	113.0	64.4	82.4	63.7	117.5	23.1	23.1	41.7
Tax rate	28.7%	28.5%	29.4%	26.0%	59.4%	13.0%	18.0%	41.2%
Minority interest	3.5	3.6	0.8	1.3	1.7	0.9	3.3	2.9
Net income	277.1	157.8	197.2	179.7	78.6	153.6	101.6	56.7
Net margin	11.5%	7.9%	9.5%	9.5%	4.5%	9.5%	6.3%	3.1%

Basic EPS [+]	$1.83	$1.03	$1.27	$1.15	$0.50	$0.95	$0.60	$0.34
Growth	77.9%	-19.0%	10.4%	131.4%	-47.8%	57.6%	78.8%	-29.8%
Diluted EPS [+]	$1.81	$1.02	$1.26	$1.14	$0.49	$0.95	$0.60	$0.33
Growth	77.6%	-18.9%	10.2%	131.4%	-47.8%	57.6%	79.6%	-29.6%

Dividends per share [+]	$0.16	$0.16	$0.16	$0.16	$0.16	$0.16
Growth	-0.2%	-0.4%	0.2%	0.0%	0.4%

Shares outstanding (basic) [+]	151.4	153.4	155.2	156.2	158.1	161.4	168.2	167.8
Growth	-1.3%	-1.2%	-0.6%	-1.2%	-2.0%	-4.0%	0.2%	0.8%
Shares outstanding (diluted) [+]	152.9	154.6	156.6	157.2	159.1	162.2	169.1	169.5
Growth	-1.1%	-1.3%	-0.4%	-1.2%	-1.9%	-4.1%	-0.2%	0.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.