Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Jan-02-16 | Jan-03-15 |
Revenues | 5,764.8 | 5,505.8 | 5,692.6 | 5,366.3 | 5,142.3 | 4,796.5 | 4,425.3 | 3,402.7 |
Revenue growth | 4.7% | -3.3% | 6.1% | 4.4% | 7.2% | 8.4% | 30.1% | 16.9% |
Cost of goods sold | 1,001.0 | 932.9 | 1,071.0 | 937.3 | 854.1 | 779.1 | 823.6 | 729.3 |
Gross profit | 4,763.8 | 4,572.8 | 4,621.6 | 4,429.0 | 4,288.2 | 4,017.4 | 3,601.7 | 2,673.4 |
Gross margin | 82.6% | 83.1% | 81.2% | 82.5% | 83.4% | 83.8% | 81.4% | 78.6% |
Sales and marketing | 2,636.2 | 2,582.6 | 2,675.3 | 2,493.7 | 2,276.8 | 2,071.9 | 1,838.6 | 1,395.6 |
Research and development | 836.0 | 749.0 | 737.1 | 683.7 | 605.0 | 551.4 | 539.8 | 392.8 |
General and administrative | 520.7 | 491.6 | 520.6 | 389.5 | 355.3 | 392.5 | 423.4 | 233.4 |
EBITA | 803.3 | 1,440.6 | 714.7 | 883.8 | 1,078.5 | 1,029.0 | 897.1 | 799.1 |
EBITA margin | 13.9% | 26.2% | 12.6% | 16.5% | 21.0% | 21.5% | 20.3% | 23.5% |
Amortization of intangibles | 95.0 | 85.0 | 114.0 | 109.0 | 118.0 | 118.0 | 116.0 | 36.0 |
EBIT | 708.3 | 1,355.6 | 600.7 | 774.8 | 960.5 | 911.0 | 781.1 | 763.1 |
EBIT margin | 12.3% | 24.6% | 10.6% | 14.4% | 18.7% | 19.0% | 17.7% | 22.4% |
Pre-tax income | 699.5 | 991.5 | 654.5 | 800.9 | 967.1 | 918.4 | 781.4 | 774.2 |
Income taxes | 143.9 | 211.4 | 125.1 | 170.8 | 100.2 | 282.0 | 242.0 | 248.7 |
Tax rate | 20.6% | 21.3% | 19.1% | 21.3% | 10.4% | 30.7% | 31.0% | 32.1% |
Net income | 555.6 | 780.1 | 529.5 | 630.1 | 867.0 | 636.5 | 539.4 | 525.4 |
Net margin | 9.6% | 14.2% | 9.3% | 11.7% | 16.9% | 13.3% | 12.2% | 15.4% |
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Diluted EPS | $1.84 | $2.52 | $1.65 | $1.89 | $2.57 | $1.85 | $1.54 | $1.50 |
Shares outstanding (diluted) | 301.3 | 309.1 | 321.2 | 333.6 | 338.0 | 343.7 | 350.9 | 350.4 |
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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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