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 | 1,382.7 | 1,286.6 | 1,285.3 | 1,312.1 | 1,320.0 | 1,216.8 | 1,270.3 | 1,282.5 |
Revenue growth | 7.5% | 0.1% | -2.0% | -0.6% | 8.5% | -4.2% | -1.0% | 2.9% |
Cost of goods sold | 361.3 | 352.1 | 355.8 | 364.5 | 346.7 | 349.3 | 342.1 | 354.6 |
Gross profit | 1,021.4 | 934.6 | 929.5 | 947.7 | 973.3 | 867.5 | 928.1 | 928.0 |
Gross margin | 73.9% | 72.6% | 72.3% | 72.2% | 73.7% | 71.3% | 73.1% | 72.4% |
Selling, general and administrative | 1,128.4 | 1,041.2 | 1,048.1 | 1,073.8 | | | | |
General and administrative | | | | | 34.1 | 32.8 | 32.8 | 31.7 |
EBIT | 341.1 | 321.0 | 310.7 | 309.4 | 326.9 | 296.5 | 293.2 | 266.1 |
EBIT margin | 24.7% | 25.0% | 24.2% | 23.6% | 24.8% | 24.4% | 23.1% | 20.7% |
Pre-tax income | 282.8 | 266.7 | 257.8 | 244.9 | 261.8 | 234.5 | 240.2 | 210.5 |
Income taxes | 36.9 | 28.7 | 24.5 | 17.4 | 48.7 | 36.4 | 45.8 | 16.8 |
Tax rate | 13.1% | 10.8% | 9.5% | 7.1% | 18.6% | 15.5% | 19.0% | 8.0% |
Net income | 245.6 | 237.4 | 232.9 | 226.8 | 212.4 | 198.3 | 194.7 | 193.5 |
Net margin | 17.8% | 18.5% | 18.1% | 17.3% | 16.1% | 16.3% | 15.3% | 15.1% |
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Diluted EPS | $4.85 | $4.69 | $4.61 | $4.49 | $4.21 | $3.94 | $3.87 | $3.85 |
Shares outstanding (diluted) | 50.6 | 50.6 | 50.5 | 50.5 | 50.4 | 50.4 | 50.3 | 50.2 |
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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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