Financial Summary (All financials)
In millions, except per share items | Mar-31-23 | Mar-31-22 | Mar-31-21 | Mar-31-20 | Mar-31-19 | Mar-31-18 | Mar-31-17 |
Revenues | 4,957.8 | 4,585.1 | 3,107.5 | 3,030.9 | 2,782.2 | 2,620.0 | 2,612.8 |
Revenue growth | 8.1% | 47.5% | 2.5% | 8.9% | 6.2% | 0.3% | |
Cost of goods sold | 2,798.1 | 2,568.7 | 1,764.4 | 1,710.9 | 1,607.2 | 1,527.3 | 1,586.5 |
Gross profit | 2,159.7 | 2,016.4 | 1,343.1 | 1,320.0 | 1,175.0 | 1,092.7 | 1,026.2 |
Gross margin | 43.6% | 44.0% | 43.2% | 43.6% | 42.2% | 41.7% | 39.3% |
Selling, general and administrative | 1,298.9 | 1,502.8 | 731.3 | 716.7 | 669.9 | 632.0 | 682.0 |
Research and development | 101.6 | 87.9 | 66.3 | 65.5 | 63.0 | 60.8 | 59.4 |
EBITA | 759.2 | 794.3 | 634.9 | 611.6 | 509.8 | 470.1 | 353.2 |
EBITA margin | 15.3% | 17.3% | 20.4% | 20.2% | 18.3% | 17.9% | 13.5% |
Amortization of intangibles | | 368.7 | 86.5 | 74.5 | 98.7 | 70.2 | 68.6 |
EBIT | 759.2 | 425.6 | 548.4 | 537.0 | 411.0 | 399.9 | 284.6 |
EBIT margin | 15.3% | 9.3% | 17.6% | 17.7% | 14.8% | 15.3% | 10.9% |
Pre-tax income | 158.6 | 314.5 | 517.5 | 498.8 | 369.0 | 355.0 | 184.6 |
Income taxes | 51.5 | 71.6 | 120.7 | 90.9 | 64.3 | 63.4 | 74.0 |
Tax rate | 32.5% | 22.8% | 23.3% | 18.2% | 17.4% | 17.8% | 40.1% |
Net income | 107.0 | 243.9 | 397.4 | 407.7 | 303.7 | 290.9 | 110.0 |
Net margin | 2.2% | 5.3% | 12.8% | 13.5% | 10.9% | 11.1% | 4.2% |
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Diluted EPS | $1.07 | $2.48 | $4.63 | $4.76 | $3.55 | $3.39 | $1.28 |
Shares outstanding (diluted) | 100.2 | 98.3 | 85.9 | 85.6 | 85.5 | 85.7 | 86.1 |
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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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