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 | 2,017.0 | 2,254.2 | 2,072.6 | 2,261.5 | 2,300.3 | 2,296.7 | -176.8 | 1,323.2 |
Revenue growth | -10.5% | 8.8% | -8.4% | -1.7% | 0.2% | -1398.7% | -113.4% | 33.9% |
Cost of goods sold | 133.0 | 1,050.7 | 1,005.6 | 996.1 | 1,014.7 | 1,031.6 | -821.8 | 216.0 |
Gross profit | 1,884.0 | 1,203.5 | 1,067.0 | 1,265.4 | 1,285.7 | 1,265.1 | 645.0 | 1,107.1 |
Gross margin | 93.4% | 53.4% | 51.5% | 56.0% | 55.9% | 55.1% | -364.7% | 83.7% |
Sales and marketing | | 325.6 | 330.3 | 375.5 | 372.7 | 380.6 | 282.9 | 229.5 |
Research and development | 187.6 | 151.8 | 132.5 | 172.6 | 179.3 | 173.9 | 123.6 | 86.8 |
General and administrative | 205.3 | 147.9 | 162.5 | 167.1 | 161.2 | 156.9 | 102.8 | 79.1 |
EBITA | 1,113.1 | 174.4 | 133.8 | 141.2 | 147.1 | 137.8 | 121.0 | 76.3 |
EBITA margin | 55.2% | 7.7% | 6.5% | 6.2% | 6.4% | 6.0% | -68.4% | 5.8% |
Amortization of intangibles | | 22.6 | 24.9 | | | | | |
EBIT | 1,113.1 | 151.9 | 108.8 | 141.2 | 147.1 | 137.8 | 121.0 | 76.3 |
EBIT margin | 55.2% | 6.7% | 5.3% | 6.2% | 6.4% | 6.0% | -68.4% | 5.8% |
Pre-tax income | 42.1 | 153.8 | 106.9 | 135.5 | 142.0 | 128.3 | 120.5 | 71.8 |
Income taxes | 31.2 | 16.2 | 32.2 | 39.5 | 46.1 | 31.7 | 33.1 | 9.5 |
Tax rate | 74.1% | 10.5% | 30.1% | 29.2% | 32.5% | 24.7% | 27.5% | 13.3% |
Net income | 10.9 | 134.5 | 71.7 | 90.7 | 88.6 | 91.2 | 82.3 | 59.6 |
Net margin | 0.5% | 6.0% | 3.5% | 4.0% | 3.9% | 4.0% | -46.5% | 4.5% |
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Diluted EPS | $72,500,000.00 | $2.09 | $1.16 | $1.38 | $1.31 | $1.34 | $1.25 | $0.91 |
Shares outstanding (diluted) | 0.0 | 64.2 | 61.8 | 65.6 | 67.7 | 67.9 | 65.6 | 65.1 |
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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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