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 | 5,938.8 | 4,973.1 | 4,287.0 | 4,314.8 | 3,828.5 | 3,300.2 | 876.9 | 2,603.6 |
Revenue growth | 19.4% | 16.0% | -0.6% | 12.7% | 16.0% | 276.3% | -66.3% | 10.4% |
Cost of goods sold | 4,927.6 | 4,153.0 | 3,480.2 | 3,581.9 | 3,146.6 | 2,727.5 | 385.3 | 2,165.7 |
Gross profit | 1,011.2 | 820.1 | 806.9 | 732.9 | 681.9 | 572.7 | 491.6 | 437.9 |
Gross margin | 17.0% | 16.5% | 18.8% | 17.0% | 17.8% | 17.4% | 56.1% | 16.8% |
Sales and marketing | 37.5 | 64.0 | 54.4 | 53.0 | 47.5 | 39.5 | 35.7 | 34.5 |
General and administrative | 156.1 | 124.4 | 113.2 | 123.4 | 111.1 | 101.3 | 86.7 | 84.3 |
EBIT | 250.2 | 173.3 | 194.7 | 186.6 | 179.0 | 129.9 | 106.3 | 76.2 |
EBIT margin | 4.2% | 3.5% | 4.5% | 4.3% | 4.7% | 3.9% | 12.1% | 2.9% |
Pre-tax income | 245.4 | 168.3 | 189.3 | 189.6 | 182.4 | 130.1 | 105.2 | 65.6 |
Income taxes | 66.1 | 44.2 | 51.0 | 38.5 | 46.9 | 45.7 | 39.2 | 26.2 |
Tax rate | 26.9% | 26.3% | 27.0% | 20.3% | 25.7% | 35.1% | 37.3% | 40.0% |
Net income | 179.4 | 123.9 | 137.5 | 149.3 | 133.5 | 82.9 | 64.5 | 38.4 |
Net margin | 3.0% | 2.5% | 3.2% | 3.5% | 3.5% | 2.5% | 7.4% | 1.5% |
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Diluted EPS | $4.64 | $3.22 | $3.57 | $3.72 | $3.24 | $2.02 | $1.55 | $0.79 |
Shares outstanding (diluted) | 38.7 | 38.4 | 38.5 | 40.2 | 41.2 | 41.1 | 41.7 | 48.6 |
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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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