Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| Revenues | 2,032.1 | 1,787.4 | 1,568.9 | 1,753.6 | 1,627.2 | 1,541.3 | 1,500.3 | 1,353.4 |
| Revenue growth | 13.7% | 13.9% | -10.5% | 7.8% | 5.6% | 2.7% | 10.9% | 5.2% |
| Cost of goods sold | 667.3 | 576.5 | 557.7 | 590.1 | 561.8 | 540.9 | 525.6 | 473.8 |
| Gross profit | 1,364.9 | 1,210.9 | 1,011.2 | 1,163.6 | 1,065.4 | 1,000.4 | 974.7 | 879.6 |
| Gross margin | 67.2% | 67.7% | 64.5% | 66.4% | 65.5% | 64.9% | 65.0% | 65.0% |
| General and administrative | 453.1 | 420.5 | 358.8 | 403.0 | 372.3 | 338.6 | 345.8 | 313.9 |
| EBITA | 685.1 | 634.7 | 502.3 | 616.9 | 562.8 | 536.0 | 424.0 | 440.8 |
| EBITA margin | 33.7% | 35.5% | 32.0% | 35.2% | 34.6% | 34.8% | 28.3% | 32.6% |
| Amortization of intangibles | 134.3 | 114.3 | 110.2 | 113.7 | 95.0 | 85.3 | | 66.5 |
| EBIT | 550.9 | 520.3 | 392.1 | 503.3 | 467.8 | 450.7 | 424.0 | 374.3 |
| EBIT margin | 27.1% | 29.1% | 25.0% | 28.7% | 28.7% | 29.2% | 28.3% | 27.7% |
| Pre-tax income | 456.1 | 397.3 | 248.0 | 367.9 | 315.9 | 326.9 | 312.2 | 284.6 |
| Income taxes | 17.5 | 9.3 | 4.7 | -4.2 | 10.7 | 9.2 | 13.4 | 22.1 |
| Tax rate | 3.8% | 2.3% | 1.9% | | 3.4% | 2.8% | 4.3% | 7.7% |
| Net income | 438.3 | 387.7 | 243.0 | 371.7 | 304.9 | 317.3 | 298.4 | 262.2 |
| Net margin | 21.6% | 21.7% | 15.5% | 21.2% | 18.7% | 20.6% | 19.9% | 19.4% |
| |
| Diluted EPS | $4.31 | $3.83 | $2.41 | $3.71 | $3.08 | $3.23 | $3.05 | $2.72 |
| Shares outstanding (diluted) | 101.6 | 101.3 | 100.9 | 100.3 | 99.1 | 98.4 | 97.7 | 96.4 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|