Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Jan-01-22 | Jan-02-21 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Jan-02-16 |
Revenues | 1,183.4 | 1,565.0 | 1,430.4 | 1,214.0 | 1,092.6 | 883.9 | 660.6 | 616.8 |
Revenue growth | -24.4% | 9.4% | 17.8% | 11.1% | 23.6% | 33.8% | 7.1% | 10.8% |
Cost of goods sold | 1,679.1 | 2,030.4 | 1,521.3 | 1,341.2 | 1,075.4 | 901.9 | 341.3 | 327.9 |
Gross profit | -495.7 | -465.4 | -90.9 | -127.2 | 17.2 | -18.0 | 319.3 | 288.9 |
Gross margin | -41.9% | -29.7% | -6.4% | -10.5% | 1.6% | -2.0% | 48.3% | 46.8% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 293.3 | 289.8 | 265.5 | 231.5 | 210.4 | 162.1 | 115.1 | 97.8 |
Research and development | 166.5 | 161.3 | 156.7 | 141.6 | 140.6 | 113.1 | 79.8 | 76.1 |
General and administrative | 118.1 | 99.2 | 100.8 | 83.1 | 97.5 | 84.8 | 66.8 | 53.5 |
EBITA | -225.0 | 1.2 | 149.2 | 99.4 | 125.4 | 85.8 | 61.1 | 64.1 |
EBITA margin | -19.0% | 0.1% | 10.4% | 8.2% | 11.5% | 9.7% | 9.2% | 10.4% |
Amortization of intangibles | 15.4 | 2.3 | 2.9 | 12.8 | 19.6 | 13.1 | 3.5 | 3.5 |
EBIT | -240.4 | -1.1 | 146.3 | 86.6 | 105.8 | 72.7 | 57.6 | 60.6 |
EBIT margin | -20.3% | -0.1% | 10.2% | 7.1% | 9.7% | 8.2% | 8.7% | 9.8% |
Pre-tax income | -261.7 | 28.3 | 187.9 | 98.8 | 108.6 | 76.4 | 61.4 | 63.0 |
Income taxes | 24.6 | -2.1 | 40.8 | 13.5 | 20.6 | 25.4 | 19.4 | 18.8 |
Tax rate | | | 21.7% | 13.7% | 19.0% | 33.3% | 31.7% | 29.9% |
Net income | -286.3 | 30.4 | 147.1 | 85.3 | 88.0 | 51.0 | 41.9 | 44.1 |
Net margin | -24.2% | 1.9% | 10.3% | 7.0% | 8.1% | 5.8% | 6.3% | 7.2% |
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Diluted EPS | ($10.52) | $1.08 | $5.14 | $2.97 | $3.07 | $1.77 | $1.48 | $1.47 |
Shares outstanding (diluted) | 27.2 | 28.2 | 28.6 | 28.7 | 28.6 | 28.8 | 28.3 | 30.1 |
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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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