Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-05-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 |
Revenues | 2,142.6 | 1,673.0 | 1,273.0 | 1,063.7 | 1,063.7 | 751.4 | 751.4 | 445.9 |
Revenue growth | 28.1% | 31.4% | 19.7% | 41.6% | 41.6% | 68.5% | 68.5% | 4.5% |
Cost of goods sold | 1,007.1 | 828.3 | 664.6 | 213.2 | 650.4 | 143.1 | 462.0 | 83.6 |
Gross profit | 1,135.5 | 844.7 | 608.4 | 850.5 | 413.3 | 608.3 | 289.4 | 362.4 |
Gross margin | 53.0% | 50.5% | 47.8% | 80.0% | 38.9% | 81.0% | 38.5% | 81.3% |
Selling, general and administrative | 567.2 | 464.3 | 338.4 | 271.0 | 271.0 | 234.8 | 254.9 | 162.4 |
EBITA | 570.7 | 337.9 | 244.1 | 124.1 | 124.1 | 43.4 | 23.3 | 4.6 |
EBITA margin | 26.6% | 20.2% | 19.2% | 11.7% | 11.7% | 5.8% | 3.1% | 1.0% |
Amortization of intangibles | 23.8 | 24.3 | 12.1 | | | | | |
EBIT | 546.9 | 313.6 | 232.0 | 124.1 | 124.1 | 43.4 | 23.3 | 4.6 |
EBIT margin | 25.5% | 18.7% | 18.2% | 11.7% | 11.7% | 5.8% | 3.1% | 1.0% |
Pre-tax income | 365.2 | 151.4 | 3.5 | -123.4 | -13.7 | -68.3 | -92.2 | -165.4 |
Income taxes | 88.9 | 36.5 | -56.0 | -2.2 | -2.2 | -38.6 | -38.6 | -0.9 |
Tax rate | 24.3% | 24.1% | | 1.8% | 16.0% | 56.5% | 41.9% | 0.6% |
Earnings from continuing ops | 276.3 | 114.9 | 59.6 | -120.7 | -11.5 | -25.2 | -53.6 | -162.4 |
Earnings from discontinued ops | | | | | | | | 14.7 |
Net income | 276.3 | 114.9 | 59.6 | -120.7 | -11.5 | -25.2 | -53.6 | -147.7 |
Net margin | 12.9% | 6.9% | 4.7% | -11.4% | -1.1% | -3.4% | -7.1% | -33.1% |
|
Diluted EPS | $1.25 | $0.49 | $0.34 | ($1.11) | | ($0.28) | | ($8.22) |
Shares outstanding (diluted) | 221.4 | 232.8 | 177.3 | 108.7 | | 89.0 | | 19.8 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|