Financial Summary (All financials)
| 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 |
| Revenues | 1,754.0 | 1,618.0 | 1,667.0 | 1,486.0 | 1,169.0 | 873.0 | 695.0 | 555.0 |
| Revenue growth | 8.4% | -2.9% | 12.2% | 27.1% | 33.9% | 25.6% | 25.2% | 196.5% |
| Cost of goods sold | 383.0 | 342.0 | 405.0 | 354.0 | 321.0 | 216.0 | 203.0 | 184.0 |
| Gross profit | 1,371.0 | 1,276.0 | 1,262.0 | 1,132.0 | 848.0 | 657.0 | 492.0 | 371.0 |
| Gross margin | 78.2% | 78.9% | 75.7% | 76.2% | 72.5% | 75.3% | 70.8% | 66.8% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 112.0 | 106.0 | 106.0 | 99.0 | 102.0 | 98.0 | 90.0 | 73.0 |
| EBIT | 1,117.0 | 1,028.0 | 1,034.0 | 915.0 | 629.0 | 463.0 | 346.0 | 251.0 |
| EBIT margin | 63.7% | 63.5% | 62.0% | 61.6% | 53.8% | 53.0% | 49.8% | 45.2% |
| Pre-tax income | 781.0 | 811.0 | 926.0 | 800.0 | 528.0 | 410.0 | 306.0 | 246.0 |
| Income taxes | 4.0 | 3.0 | 3.0 | 4.0 | 4.0 | 2.0 | 0.0 | 1.0 |
| Tax rate | 0.5% | 0.4% | 0.3% | 0.5% | 0.8% | 0.5% | 0.0% | 0.4% |
| Net income | 687.0 | 750.0 | 746.0 | 519.0 | 292.0 | 209.0 | 153.0 | 108.0 |
| Net margin | 39.2% | 46.4% | 44.8% | 34.9% | 25.0% | 23.9% | 22.0% | 19.5% |
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| Diluted EPS | $3.01 | $3.10 | $4.11 | $3.80 | $2.53 | $2.19 | $2.24 | |
| Shares outstanding (diluted) | 228.3 | 242.2 | 181.5 | 136.6 | 115.3 | 95.2 | 68.2 | |
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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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