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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: |
| Semiconductor Test | 2,080.6 | 2,642.3 | 2,259.6 | 1,552.6 | 1,492.4 | 1,662.5 | 1,368.2 | 1,201.5 |
| Industrial Automation | | | | 298.1 | 261.5 | 170.1 | 99.0 | 41.9 |
| Systems Test | 469.3 | 467.7 | 409.7 | 287.5 | 216.1 | 192.1 | 189.8 | 211.6 |
| Wireless Test | 201.7 | 216.9 | 173.0 | 157.3 | 132.0 | 111.9 | 96.2 | 184.6 |
| Other | 403.4 | 375.9 | 279.1 | | | | | |
| Total revenues [+] | 3,155.0 | 3,702.9 | 3,121.5 | 2,295.0 | 2,100.8 | 2,136.6 | 1,753.3 | 1,639.6 |
| Products | | | | | | | | 1,340.6 |
| Services | | | | | | | | 299.0 |
| Revenue growth [+] | -14.8% | 18.6% | 36.0% | 9.2% | -1.7% | 21.9% | 6.9% | -0.5% |
| Semiconductor Test | -21.3% | 16.9% | 45.5% | 4.0% | -10.2% | 21.5% | 13.9% | -7.6% |
| Industrial Automation | | | | 14.0% | 53.7% | 71.7% | 136.4% | |
| Systems Test | 0.3% | 14.2% | 42.5% | 33.0% | 12.5% | 1.2% | -10.3% | 30.2% |
| Wireless Test | -7.0% | 25.4% | 10.0% | 19.2% | 18.0% | 16.3% | -47.9% | 0.0% |
| Cost of goods sold [+] | 1,287.9 | 1,496.2 | 1,335.7 | 955.1 | 880.4 | 915.2 | 794.6 | 723.9 |
| Cost of product sales | | | | | | | | 591.8 |
| Cost of services | | | | | | | | 132.2 |
| Gross profit | 1,867.2 | 2,206.7 | 1,785.7 | 1,339.8 | 1,220.4 | 1,221.5 | 958.6 | 915.6 |
| Gross margin | 59.2% | 59.6% | 57.2% | 58.4% | 58.1% | 57.2% | 54.7% | 55.8% |
| Selling, general and administrative | 558.1 | 547.6 | 464.8 | 437.1 | 390.7 | 348.9 | 316.5 | 306.3 |
| Research and development | 440.6 | 427.6 | 375.0 | 322.8 | 301.5 | 307.3 | 292.2 | 292.3 |
| Other operating expenses | 19.3 | 28.7 | 30.8 | 40.1 | 39.2 | 30.5 | 52.6 | 69.0 |
| EBITDA [+] | 959.8 | 1,328.3 | 1,041.9 | 660.4 | 602.3 | 642.8 | 417.3 | 388.8 |
| EBITDA growth | -27.7% | 27.5% | 57.8% | 9.7% | -6.3% | 54.0% | 7.3% | 11.3% |
| EBITDA margin | 30.4% | 35.9% | 33.4% | 28.8% | 28.7% | 30.1% | 23.8% | 23.7% |
| Depreciation | 90.8 | 91.1 | 80.1 | 70.8 | 67.4 | 66.1 | 64.8 | 68.2 |
| EBITA | 869.0 | 1,237.2 | 961.8 | 589.6 | 534.8 | 576.7 | 352.5 | 320.6 |
| EBITA margin | 27.5% | 33.4% | 30.8% | 25.7% | 25.5% | 27.0% | 20.1% | 19.6% |
| Amortization of intangibles | 19.9 | 34.4 | 46.6 | 49.8 | 45.8 | 42.0 | 55.2 | 72.6 |
| EBIT [+] | 849.1 | 1,202.8 | 915.2 | 539.8 | 489.0 | 534.7 | 297.3 | 248.0 |
| EBIT growth | -29.4% | 31.4% | 69.6% | 10.4% | -8.5% | 79.9% | 19.8% | 26.1% |
| EBIT margin | 26.9% | 32.5% | 29.3% | 23.5% | 23.3% | 25.0% | 17.0% | 15.1% |
| Non-recurring items [+] | 17.2 | 2.1 | -13.2 | -13.9 | 15.2 | 9.4 | 360.2 | 5.1 |
| Asset impairment | 17.2 | 9.3 | -13.2 | -13.9 | 15.2 | 9.4 | 360.2 | 5.1 |
| Interest expense, net [+] | -2.7 | 15.2 | 18.2 | 5.2 | 1.3 | 3.9 | -5.7 | -5.3 |
| Interest expense | 3.7 | 17.8 | 24.2 | 22.2 | 21.8 | 21.7 | 3.6 | 1.9 |
| Interest income | 6.4 | 2.6 | 6.0 | 17.0 | 20.5 | 17.8 | 9.3 | 7.2 |
| Other income (expense), net | 5.8 | -24.6 | -9.2 | -22.6 | -4.7 | 2.9 | 2.3 | 4.8 |
| Pre-tax income | 840.4 | 1,161.0 | 901.0 | 525.8 | 467.8 | 524.4 | -55.1 | 253.1 |
| Income taxes | 124.9 | 146.4 | 116.9 | 58.3 | 16.0 | 266.7 | -11.6 | 46.6 |
| Tax rate | 14.9% | 12.6% | 13.0% | 11.1% | 3.4% | 50.9% | 21.1% | 18.4% |
| Net income | 715.5 | 1,014.6 | 784.1 | 467.5 | 451.8 | 257.7 | -43.4 | 206.5 |
| Net margin | 22.7% | 27.4% | 25.1% | 20.4% | 21.5% | 12.1% | -2.5% | 12.6% |
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| Basic EPS [+] | $4.52 | $6.15 | $4.72 | $2.74 | $2.41 | $1.30 | ($0.21) | $0.98 |
| Growth | -26.6% | 30.3% | 72.1% | 13.9% | 85.0% | -707.0% | -122.0% | 143.7% |
| Diluted EPS [+] | $4.22 | $5.53 | $4.28 | $2.60 | $2.35 | $1.28 | ($0.21) | $0.97 |
| Growth | -23.7% | 29.0% | 64.5% | 11.1% | 83.5% | -696.2% | -122.1% | 165.0% |
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| Dividends per share [+] | $0.44 | $0.40 | $0.40 | $0.36 | $0.36 | $0.28 | $0.24 | $0.24 |
| Growth | 10.0% | -0.1% | 11.3% | 0.3% | 28.1% | 16.7% | 0.0% | 33.3% |
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| Shares outstanding (basic) [+] | 158.4 | 165.0 | 166.1 | 170.4 | 187.7 | 198.1 | 202.6 | 211.5 |
| Growth | -4.0% | -0.7% | -2.5% | -9.2% | -5.2% | -2.2% | -4.2% | 4.3% |
| Shares outstanding (diluted) [+] | 169.7 | 183.6 | 183.0 | 179.5 | 192.6 | 201.6 | 202.6 | 213.3 |
| Growth | -7.6% | 0.3% | 2.0% | -6.8% | -4.5% | -0.5% | -5.0% | -4.1% |
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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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