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 | 3,589.6 | 3,047.5 | 2,606.1 | 2,384.7 | 2,014.2 | 1,881.3 | 1,766.6 | 1,660.5 |
| Revenue growth | 17.8% | 16.9% | 9.3% | 18.4% | 7.1% | 6.5% | 6.4% | 5.4% |
| Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 1,401.0 | 1,278.1 | 925.2 | 857.0 |
| Gross profit | 3,589.6 | 3,047.5 | 2,606.1 | 2,384.7 | 613.2 | 603.2 | 841.4 | 803.6 |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 30.4% | 32.1% | 47.6% | 48.4% |
| Selling, general and administrative | 2,697.3 | 2,288.6 | 1,989.3 | 1,866.2 | 1,551.8 | 1,431.6 | 1,343.1 | 1,258.0 |
| EBITA | 389.9 | 89.8 | 80.4 | 200.6 | 586.3 | 592.2 | 550.6 | 530.8 |
| EBITA margin | 10.9% | 2.9% | 3.1% | 8.4% | 29.1% | 31.5% | 31.2% | 32.0% |
| Amortization of intangibles | | | | | 86.5 | 85.4 | 86.7 | 87.4 |
| EBIT | 389.9 | 89.8 | 80.4 | 200.6 | 499.8 | 506.7 | 463.9 | 443.4 |
| EBIT margin | 10.9% | 2.9% | 3.1% | 8.4% | 24.8% | 26.9% | 26.3% | 26.7% |
| Pre-tax income | 271.1 | 28.3 | 28.0 | 143.7 | 462.5 | 449.7 | 423.5 | 402.6 |
| Income taxes | 204.3 | 175.7 | 143.6 | 127.4 | 118.2 | 50.1 | 166.0 | 159.2 |
| Tax rate | 75.4% | 620.8% | 512.9% | 88.6% | 25.6% | 11.1% | 39.2% | 39.6% |
| Net income | 671.8 | 587.1 | 480.5 | 398.5 | 344.3 | 399.6 | 257.5 | 243.3 |
| Net margin | 18.7% | 19.3% | 18.4% | 16.7% | 17.1% | 21.2% | 14.6% | 14.7% |
| |
| Diluted EPS | $2.41 | $2.12 | $1.74 | $1.45 | $1.25 | $1.44 | $0.93 | $1.74 |
| Shares outstanding (diluted) | 278.6 | 277.4 | 275.8 | 274.6 | 275.5 | 277.6 | 275.6 | 140.1 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|