Overview Financials News + Filings IR Vault Key Docs Charts Transactions Ownership Insiders
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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| UNITED STATES | 130.2 | 988.5 | 105.9 | 597.6 | 374.8 | | | |
| Non-US | 894.9 | 566.9 | 431.3 | 184.8 | 121.0 | | | |
| Other | 767.6 | | 568.8 | | 65.1 | | | |
| Total revenues [+] | 1,792.7 | 1,555.4 | 1,106.0 | 782.4 | 560.9 | 488.8 | 489.3 | 404.5 |
| Products | | | | | | | 329.0 | 281.8 |
| Contracts | | | | | | | 117.4 | 91.7 |
| Revenue growth [+] | 15.3% | 40.6% | 41.4% | 39.5% | 14.8% | -0.1% | 21.0% | 29.3% |
| UNITED STATES | -86.8% | 833.4% | -82.3% | 59.4% | | | | |
| Non-US | 57.9% | 31.4% | 133.4% | 52.7% | | | | |
| Cost of goods sold | 757.5 | 524.0 | 433.5 | 322.3 | 187.7 | 126.3 | 107.5 | 102.0 |
| Gross profit | 1,035.2 | 1,031.4 | 672.5 | 460.1 | 373.2 | 362.5 | 381.8 | 302.5 |
| Gross margin | 57.7% | 66.3% | 60.8% | 58.8% | 66.5% | 74.2% | 78.0% | 74.8% |
| Selling, general and administrative | 348.4 | 303.3 | 273.5 | 202.5 | 142.9 | 143.1 | 121.1 | 108.6 |
| Research and development | 234.0 | 234.5 | 226.2 | 142.8 | 97.4 | 106.9 | 119.2 | 104.7 |
| Other operating expenses | -2.9 | -31.7 | | | | 7.0 | | |
| EBITDA [+] | 521.0 | 580.0 | 224.8 | 152.0 | 166.9 | 143.7 | 176.8 | 121.6 |
| EBITDA growth | -10.2% | 158.0% | 47.9% | -8.9% | 16.1% | -18.7% | 45.4% | 97.0% |
| EBITDA margin | 29.1% | 37.3% | 20.3% | 19.4% | 29.8% | 29.4% | 36.1% | 30.1% |
| Depreciation | 65.3 | 54.7 | 52.0 | 37.2 | 34.0 | 31.2 | 28.0 | 25.5 |
| EBITA | 455.7 | 525.3 | 172.8 | 114.8 | 132.9 | 112.5 | 148.9 | 96.2 |
| EBITA margin | 25.4% | 33.8% | 15.6% | 14.7% | 23.7% | 23.0% | 30.4% | 23.8% |
| Amortization of intangibles | 58.5 | 59.8 | 58.7 | 25.0 | 8.6 | 7.0 | 7.4 | 7.0 |
| EBIT [+] | 397.2 | 465.5 | 114.1 | 89.8 | 124.3 | 105.5 | 141.5 | 89.2 |
| EBIT growth | -14.7% | 308.0% | 27.1% | -27.8% | 17.8% | -25.4% | 58.7% | 108.4% |
| EBIT margin | 22.2% | 29.9% | 10.3% | 11.5% | 22.2% | 21.6% | 28.9% | 22.1% |
| Non-recurring items [+] | 44.6 | 31.7 | | | | | | |
| Asset impairment | 41.7 | | | | | | | |
| Interest expense, net [+] | 34.5 | 31.3 | 38.4 | 9.9 | 6.6 | 7.6 | 6.0 | 7.9 |
| Interest expense | 34.5 | 31.3 | 38.4 | 9.9 | 6.6 | 7.6 | 6.5 | 8.2 |
| Interest income | | | | | | | 0.6 | 0.3 |
| Other income (expense), net | -3.7 | 4.7 | 1.7 | 1.6 | 0.9 | 1.3 | 0.2 | 2.9 |
| Pre-tax income | 314.4 | 407.2 | 77.4 | 81.5 | 118.6 | 99.2 | 135.7 | 84.2 |
| Income taxes | 83.5 | 102.1 | 22.9 | 18.8 | 36.0 | 36.7 | 44.3 | 29.9 |
| Tax rate | 26.6% | 25.1% | 29.6% | 23.1% | 30.4% | 37.0% | 32.6% | 35.5% |
| Earnings from continuing ops | 230.9 | 305.1 | 54.5 | 62.7 | 82.6 | 109.9 | 164.3 | 108.5 |
| Earnings from discontinued ops | | | | | | -10.7 | -28.5 | -17.5 |
| Net income | 230.9 | 305.1 | 54.5 | 62.7 | 82.6 | 99.2 | 135.7 | 91.0 |
| Net margin | 12.9% | 19.6% | 4.9% | 8.0% | 14.7% | 20.3% | 27.7% | 22.5% |
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| Basic EPS [+] | $4.32 | $5.79 | $1.06 | $1.25 | $1.98 | $2.73 | $4.26 | $2.91 |
| Growth | -25.5% | 447.1% | -15.4% | -36.7% | -27.7% | -35.8% | 46.4% | 237.9% |
| Diluted EPS [+] | $4.27 | $5.67 | $1.04 | $1.22 | $1.64 | $2.23 | $3.48 | $2.37 |
| Growth | -24.7% | 445.2% | -14.7% | -25.7% | -26.3% | -35.9% | 46.7% | 179.7% |
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| Shares outstanding (basic) [+] | 53.5 | 52.7 | 51.5 | 50.1 | 41.8 | 40.2 | 38.6 | 37.3 |
| Growth | 1.5% | 2.3% | 2.8% | 19.9% | 4.0% | 4.2% | 3.3% | 3.2% |
| Shares outstanding (diluted) [+] | 54.1 | 53.8 | 52.4 | 51.4 | 50.3 | 49.3 | 47.3 | 45.8 |
| Growth | 0.6% | 2.7% | 1.9% | 2.2% | 2.0% | 4.3% | 3.2% | 24.6% |
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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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