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 | 3,212.7 | 3,486.4 | 3,024.3 | 3,519.3 | 3,462.3 | 3,400.5 | 3,198.5 | 2,969.8 |
Revenue growth | -7.9% | 15.3% | -14.1% | 1.6% | 1.8% | 6.3% | 7.7% | 4.0% |
Cost of goods sold | 1,735.9 | 1,832.0 | 1,696.2 | 2,008.6 | 1,962.1 | 1,917.2 | 1,820.0 | 1,755.9 |
Gross profit | 1,476.8 | 1,654.4 | 1,328.1 | 1,510.7 | 1,500.2 | 1,483.4 | 1,378.5 | 1,214.0 |
Gross margin | 46.0% | 47.5% | 43.9% | 42.9% | 43.3% | 43.6% | 43.1% | 40.9% |
Selling, general and administrative | 1,110.0 | 1,193.9 | 1,105.6 | 1,140.5 | 1,145.0 | 1,106.9 | 995.4 | 909.2 |
EBITA | 391.9 | 500.8 | 264.3 | 406.4 | 395.2 | 422.2 | 427.8 | 399.3 |
EBITA margin | 12.2% | 14.4% | 8.7% | 11.5% | 11.4% | 12.4% | 13.4% | 13.4% |
Amortization of intangibles | 3.7 | 3.7 | 3.7 | 3.7 | 3.7 | 2.6 | 1.9 | 6.4 |
EBIT | 388.2 | 497.1 | 260.6 | 402.7 | 391.4 | 419.6 | 425.9 | 392.9 |
EBIT margin | 12.1% | 14.3% | 8.6% | 11.4% | 11.3% | 12.3% | 13.3% | 13.2% |
Pre-tax income | 316.7 | 438.3 | 135.0 | 328.0 | 356.0 | 391.1 | 395.4 | 368.2 |
Income taxes | 66.7 | 98.5 | 25.3 | 64.2 | 73.9 | 88.2 | 137.7 | 130.4 |
Tax rate | 21.1% | 22.5% | 18.7% | 19.6% | 20.8% | 22.6% | 34.8% | 35.4% |
Net income | 250.0 | 339.7 | 109.7 | 263.8 | 282.1 | 302.8 | 257.7 | 237.8 |
Net margin | 7.8% | 9.7% | 3.6% | 7.5% | 8.1% | 8.9% | 8.1% | 8.0% |
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Diluted EPS | $6.44 | $7.90 | $2.53 | $5.90 | $6.05 | $6.29 | $5.12 | $4.54 |
Shares outstanding (diluted) | 38.9 | 43.0 | 43.4 | 44.7 | 46.6 | 48.1 | 50.4 | 52.3 |
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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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