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 | 1,733.8 | 1,417.0 | 1,377.3 | 1,318.6 | 1,170.0 | 971.2 | 1,127.0 | 515.9 |
Revenue growth | 22.4% | 2.9% | 4.4% | 12.7% | 20.5% | -13.8% | 118.5% | 7.2% |
Cost of goods sold | 604.9 | 602.5 | 622.9 | 642.9 | 533.2 | 442.2 | 938.4 | 82.7 |
Gross profit | 1,128.9 | 814.4 | 754.4 | 675.8 | 636.8 | 528.9 | 188.6 | 433.2 |
Gross margin | 65.1% | 57.5% | 54.8% | 51.2% | 54.4% | 54.5% | 16.7% | 84.0% |
Selling, general and administrative | 539.9 | 456.2 | 410.3 | 382.4 | 382.7 | 323.3 | 283.5 | 254.4 |
EBIT | 662.6 | 271.8 | 270.7 | 222.9 | 187.6 | 153.0 | 174.5 | 166.7 |
EBIT margin | 38.2% | 19.2% | 19.7% | 16.9% | 16.0% | 15.8% | 15.5% | 32.3% |
Pre-tax income | 406.0 | 205.2 | 235.9 | 190.8 | 152.5 | 77.4 | 130.5 | 176.4 |
Income taxes | 86.2 | 53.4 | 65.5 | 41.6 | 31.0 | 2.1 | 37.0 | 37.9 |
Tax rate | 21.2% | 26.0% | 27.8% | 21.8% | 20.3% | 2.7% | 28.3% | 21.5% |
Net income | 319.7 | 151.9 | 170.1 | 149.0 | 121.5 | 75.0 | 91.8 | 136.2 |
Net margin | 18.4% | 10.7% | 12.4% | 11.3% | 10.4% | 7.7% | 8.1% | 26.4% |
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Diluted EPS | $2.86 | $1.36 | $1.54 | $1.36 | $1.11 | $0.69 | $0.85 | $1.27 |
Shares outstanding (diluted) | 111.9 | 111.4 | 110.3 | 109.8 | 109.4 | 108.1 | 107.5 | 107.4 |
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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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