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 | 1,190.0 | 1,286.0 | 1,199.0 | 1,032.0 | 1,053.0 | 1,009.0 | 1,035.0 | 968.0 |
Revenue growth | -7.5% | 7.3% | 16.2% | -2.0% | 4.4% | -2.5% | 6.9% | 16.9% |
Cost of goods sold | 956.0 | 451.0 | 366.0 | 337.0 | 327.0 | 326.0 | 308.0 | 323.0 |
Gross profit | 234.0 | 835.0 | 833.0 | 695.0 | 726.0 | 683.0 | 727.0 | 645.0 |
Gross margin | 19.7% | 64.9% | 69.5% | 67.3% | 68.9% | 67.7% | 70.2% | 66.6% |
Selling, general and administrative | | | | | | | | |
General and administrative | 40.0 | 40.0 | 34.0 | 29.0 | 20.0 | 19.0 | 16.0 | 12.0 |
EBITA | 1,687.0 | 455.0 | 464.0 | 416.0 | 512.0 | 472.0 | 539.0 | 417.0 |
EBITA margin | 141.8% | 35.4% | 38.7% | 40.3% | 48.6% | 46.8% | 52.1% | 43.1% |
Amortization of intangibles | 172.0 | 143.0 | 91.0 | 73.0 | 71.0 | 71.0 | 71.0 | 56.0 |
EBIT | 1,515.0 | 312.0 | 373.0 | 343.0 | 441.0 | 401.0 | 468.0 | 361.0 |
EBIT margin | 127.3% | 24.3% | 31.1% | 33.2% | 41.9% | 39.7% | 45.2% | 37.3% |
Pre-tax income | 1,282.0 | -63.0 | -54.0 | -104.0 | 116.0 | 48.0 | 1.0 | 84.0 |
Income taxes | 222.0 | 12.0 | 8.0 | -8.0 | 62.0 | 72.0 | -1.0 | 12.0 |
Tax rate | 17.3% | | | 7.7% | 53.4% | 150.0% | | 14.3% |
Net income | 582.0 | 51.0 | 25.0 | -11.0 | 52.0 | -9.0 | 57.0 | 33.0 |
Net margin | 48.9% | 4.0% | 2.1% | -1.1% | 4.9% | -0.9% | 5.5% | 3.4% |
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Diluted EPS | | $0.44 | $0.22 | ($0.10) | $0.50 | ($0.09) | $0.58 | $0.39 |
Shares outstanding (diluted) | | 117.0 | 116.0 | 109.0 | 104.0 | 99.0 | 98.0 | 84.0 |
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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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