WATERS CORP (WAT) [Rocket]

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
	10-K	10-K	10-K	10-K	10-K	10-K	10-K/A	10-K
Revenues:
Total net sales	2,972.0	2,785.9	2,365.4	2,406.6	2,419.9	2,309.1	2,167.4	2,042.3
Total net sales growth	6.7%	17.8%	-1.7%	-0.6%	4.8%	6.5%	6.1%	2.7%
Costs and operating expenses:
Costs and operating expenses
Selling and administrative expenses	658.0	627.0	553.7	534.8	536.9	544.4	512.3	495.7
Research and development expenses	176.2	168.4	140.8	143.0	143.4	132.6	125.2	118.5
Purchased intangibles amortization	6.4	7.1	10.6	9.7	7.7	6.7	9.9	10.1
Acquired in-process research and development	9.8					5.0
Total costs and operating expenses	2,098.6	3,933.5	1,719.9	1,698.1	1,680.2	1,646.9	1,542.4	1,474.9
Operating income	873.4	821.7	645.5	708.5	739.8	662.2	625.0	567.5
Operating margin	29.4%	29.5%	27.3%	29.4%	30.6%	28.7%	28.8%	27.8%
Other income, net	2.2	17.2	-1.8	-3.6	-47.8	-0.3	-0.7
Interest expense	-48.8	-44.9	-49.1	-48.7	-48.6	-56.8	-44.9	-36.2
Interest income	11.0	12.2	16.3	22.1	38.8	36.1	20.7	10.7
Income before income taxes	837.8	806.2	610.9	678.2	682.1	641.1	600.1	541.9
Provision for income taxes	130.1	113.4	89.3	86.0	88.4	620.8	78.6	72.9
Net income	707.8	692.8	521.6	592.2	593.8	20.3	521.5	469.1

Net income per basic common share	$11.80	$11.25	$8.40	$8.76	$7.71	$0.25	$6.46	$5.70

Weighted-average number of basic common shares	60.0	61.6	62.1	67.6	77.0	79.8	80.8	82.3
Net income per diluted common share	$11.73	$11.17	$8.36	$8.69	$7.65	$0.25	$6.41	$5.65
Weighted-average number of diluted common shares and equivalents	60.3	62.0	62.4	68.2	77.6	80.6	81.4	83.1