Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Jan-01-22 | Jan-02-21 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Jan-02-16 |
Revenues | 6,532.2 | 4,741.4 | 3,571.9 | 3,363.9 | 3,387.7 | 3,662.3 | 3,391.9 | 3,391.3 |
Revenue growth | 37.8% | 32.7% | 6.2% | -0.7% | -7.5% | 8.0% | 0.0% | -14.3% |
Cost of goods sold | 5,002.6 | 3,499.4 | 2,688.8 | 2,589.1 | 2,646.4 | 2,875.7 | 2,635.3 | 2,654.0 |
Gross profit | 1,529.6 | 1,242.0 | 883.1 | 774.8 | 741.4 | 786.6 | 756.6 | 737.2 |
Gross margin | 23.4% | 26.2% | 24.7% | 23.0% | 21.9% | 21.5% | 22.3% | 21.7% |
Selling, general and administrative | 436.6 | 391.5 | 378.5 | 358.5 | 309.3 | 343.5 | 311.6 | 316.4 |
EBITA | 1,164.4 | 958.8 | 546.7 | 532.2 | 332.8 | 246.6 | 303.2 | 307.7 |
EBITA margin | 17.8% | 20.2% | 15.3% | 15.8% | 9.8% | 6.7% | 8.9% | 9.1% |
Amortization of intangibles | 88.7 | 67.4 | 74.0 | 73.6 | 75.2 | 78.0 | 77.7 | 83.3 |
EBIT | 1,075.7 | 891.4 | 472.7 | 458.6 | 257.6 | 168.6 | 225.5 | 224.4 |
EBIT margin | 16.5% | 18.8% | 13.2% | 13.6% | 7.6% | 4.6% | 6.6% | 6.6% |
Pre-tax income | 893.7 | 821.4 | 353.6 | 380.4 | 118.0 | 64.2 | 122.5 | 98.8 |
Income taxes | 146.6 | 164.1 | 53.3 | 59.5 | 12.0 | -69.2 | 15.3 | 13.5 |
Tax rate | 16.4% | 20.0% | 15.1% | 15.6% | 10.2% | | 12.5% | 13.7% |
Net income | 737.7 | 650.9 | 296.8 | 312.6 | 101.5 | 128.5 | 102.3 | 78.5 |
Net margin | 11.3% | 13.7% | 8.3% | 9.3% | 3.0% | 3.5% | 3.0% | 2.3% |
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Diluted EPS | $4.49 | $3.90 | $1.78 | $1.86 | $0.60 | $0.77 | $0.62 | $0.48 |
Shares outstanding (diluted) | 164.1 | 167.1 | 167.2 | 168.4 | 167.9 | 166.7 | 165.2 | 165.1 |
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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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