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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-05-18 | Dec-31-17 | Dec-31-16 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 8-K | 10-K | 10-K |
Revenues: |
United States | 2,302.2 | 2,060.3 | 1,603.8 | 1,943.0 | 1,728.5 | | 1,520.0 | 1,505.2 |
LAAP | 473.9 | 465.5 | 424.5 | 529.3 | 530.2 | | 475.1 | 453.7 |
EMEA | 438.6 | 382.1 | 298.9 | 367.1 | 350.8 | | 293.7 | 253.5 |
Canada | 249.5 | 218.5 | 174.4 | 203.1 | 192.9 | | 177.3 | 164.6 |
Total revenues [+] | 3,464.2 | 3,126.4 | 2,501.6 | 3,042.5 | 2,802.3 | 2,802.3 | 2,466.1 | 2,377.0 |
Products | | | | | | 2,802.3 | | |
Revenue growth [+] | 10.8% | 25.0% | -17.8% | 8.6% | 13.6% | | 3.7% | 1.8% |
United States | 11.7% | 28.5% | -17.5% | 12.4% | 13.7% | | 1.0% | 3.4% |
LAAP | 1.8% | 9.7% | -19.8% | -0.2% | 11.6% | | 4.7% | -3.3% |
EMEA | 14.8% | 27.8% | -18.6% | 4.7% | 19.4% | | 15.9% | 8.7% |
Canada | 14.2% | 25.3% | -14.2% | 5.3% | 8.9% | | 7.7% | -2.4% |
Cost of goods sold | 1,753.1 | 1,513.9 | 1,277.7 | 1,526.8 | 1,416.0 | 1,416.0 | 1,306.1 | 1,266.7 |
Gross profit | 1,711.1 | 1,612.5 | 1,223.9 | 1,515.7 | 1,386.3 | 1,386.3 | 1,160.0 | 1,110.3 |
Gross margin | 49.4% | 51.6% | 48.9% | 49.8% | 49.5% | 49.5% | 47.0% | 46.7% |
Selling, general and administrative | 1,304.4 | 1,180.3 | 1,081.4 | 1,136.2 | 1,051.2 | 1,051.2 | 910.9 | 864.1 |
Other operating expenses | -22.0 | -18.4 | -12.1 | -15.5 | -15.8 | -15.8 | -13.9 | -10.2 |
EBITDA [+] | 483.5 | 506.4 | 218.0 | 454.7 | 409.2 | | 322.9 | 316.5 |
EBITDA growth | -4.5% | 132.3% | -52.1% | 11.1% | 26.7% | | 2.0% | 3.4% |
EBITDA margin | 14.0% | 16.2% | 8.7% | 14.9% | 14.6% | 12.5% | 13.1% | 13.3% |
Depreciation | 53.1 | 54.2 | 60.9 | 56.8 | 55.7 | | 56.0 | 54.9 |
EBITA | 430.4 | 452.2 | 157.0 | 398.0 | 353.5 | 351.0 | 266.9 | 261.7 |
EBITA margin | 12.4% | 14.5% | 6.3% | 13.1% | 12.6% | 12.5% | 10.8% | 11.0% |
Amortization of intangibles | 1.7 | 1.7 | 2.5 | 3.0 | 2.5 | | 3.9 | 5.1 |
EBIT [+] | 428.7 | 450.5 | 154.5 | 395.0 | 351.0 | 351.0 | 263.0 | 256.5 |
EBIT growth | -4.8% | 191.5% | -60.9% | 12.5% | 33.5% | | 2.5% | 2.7% |
EBIT margin | 12.4% | 14.4% | 6.2% | 13.0% | 12.5% | 12.5% | 10.7% | 10.8% |
Non-recurring items | 35.6 | | 17.5 | | | | | |
Interest income, net [+] | 2.7 | 1.4 | 0.4 | 8.3 | 9.9 | 9.9 | 4.9 | 3.0 |
Interest expense | | | | | | | -0.4 | -1.0 |
Interest income | 2.7 | 1.4 | 0.4 | 8.3 | 9.9 | 9.9 | 4.5 | 2.0 |
Other income (expense), net | 1.6 | -0.4 | 2.0 | 2.2 | -0.1 | -0.1 | -1.2 | -2.7 |
Pre-tax income | 397.4 | 451.5 | 139.5 | 405.4 | 360.7 | 360.7 | 266.7 | 256.9 |
Income taxes | 86.0 | 97.4 | 31.5 | 74.9 | 85.8 | 85.8 | 154.4 | 58.5 |
Tax rate | 21.6% | 21.6% | 22.6% | 18.5% | 23.8% | 23.8% | 57.9% | 22.8% |
Minority interest | | | | | 6.7 | 6.7 | 7.2 | 6.5 |
Net income | 311.4 | 354.1 | 108.0 | 330.5 | 268.3 | 268.3 | 105.1 | 191.9 |
Net margin | 9.0% | 11.3% | 4.3% | 10.9% | 9.6% | 9.6% | 4.3% | 8.1% |
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Basic EPS [+] | $4.96 | $5.37 | $1.63 | $4.87 | $3.85 | $3.85 | $1.51 | $2.75 |
Growth | -7.6% | 230.0% | -66.6% | 26.4% | 155.7% | | -45.3% | 10.8% |
Diluted EPS [+] | $4.95 | $5.33 | $1.62 | $4.83 | $3.81 | $3.81 | $1.49 | $2.72 |
Growth | -7.2% | 229.6% | -66.5% | 26.6% | 155.4% | | -45.1% | 10.7% |
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Dividends per share [+] | $1.20 | $1.04 | $0.26 | $0.96 | $0.90 | $0.90 | $0.73 | $0.69 |
Growth | 15.4% | 300.0% | -72.9% | 6.7% | 23.3% | | 5.8% | 11.3% |
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Shares outstanding (basic) [+] | 62.8 | 65.9 | 66.4 | 67.8 | 69.6 | 69.6 | 69.8 | 69.7 |
Growth | -4.8% | -0.7% | -2.2% | -2.6% | -0.2% | | 0.1% | -0.7% |
Shares outstanding (diluted) [+] | 63.0 | 66.4 | 66.8 | 68.5 | 70.4 | 70.4 | 70.5 | 70.6 |
Growth | -5.2% | -0.5% | -2.5% | -2.7% | -0.1% | | -0.3% | -0.6% |
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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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