Financial Summary (All financials)
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 |
Revenues | 3,758.1 | 2,659.5 | 2,293.8 | 1,842.9 | 1,450.4 | 1,160.1 | 914.1 | 730.0 |
Revenue growth | 41.3% | 15.9% | 24.5% | 27.1% | 25.0% | 26.9% | 25.2% | 31.5% |
Cost of goods sold | 2,483.7 | 1,732.5 | 1,488.2 | 1,186.9 | 921.4 | 737.2 | 566.9 | 456.5 |
Gross profit | 1,274.4 | 927.0 | 805.6 | 656.0 | 529.1 | 422.9 | 347.2 | 273.5 |
Gross margin | 33.9% | 34.9% | 35.1% | 35.6% | 36.5% | 36.5% | 38.0% | 37.5% |
Selling, general and administrative | 648.7 | 484.8 | 457.4 | 373.6 | 327.6 | 265.9 | 222.8 | 163.7 |
EBITA | 558.2 | 395.5 | 321.5 | 257.8 | 185.1 | 141.9 | 111.4 | 93.8 |
EBITA margin | 14.9% | 14.9% | 14.0% | 14.0% | 12.8% | 12.2% | 12.2% | 12.8% |
Amortization of intangibles | 17.6 | 12.3 | 9.9 | 8.5 | 7.6 | 8.2 | 5.4 | 5.3 |
EBIT | 540.6 | 383.1 | 311.6 | 249.3 | 177.5 | 133.7 | 106.0 | 88.4 |
EBIT margin | 14.4% | 14.4% | 13.6% | 13.5% | 12.2% | 11.5% | 11.6% | 12.1% |
Pre-tax income | 533.4 | 378.5 | 299.5 | 249.8 | 174.3 | 126.5 | 106.1 | 87.0 |
Income taxes | 51.7 | 51.3 | 38.5 | 9.5 | 101.5 | 27.2 | 21.6 | 17.3 |
Tax rate | 9.7% | 13.6% | 12.8% | 3.8% | 58.3% | 21.5% | 20.4% | 19.9% |
Net income | 481.7 | 327.2 | 261.1 | 240.3 | 72.8 | 99.3 | 84.5 | 69.6 |
Net margin | 12.8% | 12.3% | 11.4% | 13.0% | 5.0% | 8.6% | 9.2% | 9.5% |
|
Diluted EPS | $8.15 | $5.60 | $4.53 | $4.24 | $1.32 | $1.87 | $1.62 | $1.40 |
Shares outstanding (diluted) | 59.1 | 58.4 | 57.7 | 56.7 | 55.0 | 53.2 | 52.0 | 49.7 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|