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 | 5,166.6 | 3,805.6 | 3,144.1 | 3,412.2 | 3,300.3 | 2,945.0 | 2,755.2 | 3,275.1 |
| Revenue growth | 35.8% | 21.0% | -7.9% | 3.4% | 12.1% | 6.9% | -15.9% | -3.7% |
| Cost of goods sold | 3,543.9 | 2,609.8 | 2,137.8 | 2,387.8 | 2,305.6 | 2,062.7 | 1,932.9 | 2,356.8 |
| Gross profit | 1,622.7 | 1,195.7 | 1,006.3 | 1,024.4 | 994.8 | 882.3 | 822.4 | 918.3 |
| Gross margin | 31.4% | 31.4% | 32.0% | 30.0% | 30.1% | 30.0% | 29.8% | 28.0% |
| Selling, general and administrative | 627.4 | 538.0 | 451.0 | 484.1 | 503.7 | 456.6 | 422.0 | 414.2 |
| EBITA | 684.9 | 382.6 | 287.1 | 264.7 | 217.0 | 164.8 | 143.2 | 259.8 |
| EBITA margin | 13.3% | 10.1% | 9.1% | 7.8% | 6.6% | 5.6% | 5.2% | 7.9% |
| Amortization of intangibles | 50.2 | 34.7 | 35.8 | 35.2 | 34.4 | 37.0 | 40.0 | 40.2 |
| EBIT | 634.7 | 347.9 | 251.3 | 229.5 | 182.6 | 127.8 | 103.2 | 219.6 |
| EBIT margin | 12.3% | 9.1% | 8.0% | 6.7% | 5.5% | 4.3% | 3.7% | 6.7% |
| Pre-tax income | 538.0 | 269.7 | 174.6 | 148.2 | 94.5 | 58.7 | 8.7 | 109.6 |
| Income taxes | 126.3 | 66.5 | 39.7 | 50.5 | 28.8 | -42.1 | 48.6 | 65.5 |
| Tax rate | 23.5% | 24.6% | 22.8% | 34.1% | 30.5% | | 557.5% | 59.8% |
| Net income | 411.7 | 203.2 | 134.8 | 97.7 | 65.6 | 100.7 | -39.9 | 44.1 |
| Net margin | 8.0% | 5.3% | 4.3% | 2.9% | 2.0% | 3.4% | -1.4% | 1.3% |
| |
| Diluted EPS | $7.56 | $3.71 | $2.42 | $1.74 | $1.16 | $1.76 | ($0.69) | $0.75 |
| Shares outstanding (diluted) | 54.5 | 54.8 | 55.7 | 56.1 | 56.3 | 57.2 | 57.5 | 58.4 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|