Financial Summary (All financials)
In millions, except per share items | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
Revenues | 3,547.0 | 2,949.6 | 2,950.0 | 2,330.0 | 1,899.8 | 2,075.1 | 1,916.0 | 1,295.3 |
Revenue growth | 20.2% | 26.6% | | 22.6% | -8.4% | 8.3% | 47.9% | 59.2% |
Cost of goods sold | 2,000.0 | 1,569.4 | 1,570.0 | 1,280.5 | 1,069.4 | 1,095.6 | 1,024.5 | 729.7 |
Gross profit | 1,547.0 | 1,380.2 | 1,380.0 | 1,049.5 | 830.4 | 979.5 | 891.5 | 565.6 |
Gross margin | 43.6% | 46.8% | 46.8% | 45.0% | 43.7% | 47.2% | 46.5% | 43.7% |
Selling, general and administrative | 488.0 | 385.1 | 385.0 | 353.1 | 330.3 | 298.1 | 290.1 | 227.9 |
Research and development | 241.0 | 200.0 | 200.0 | 173.1 | 164.1 | 135.7 | 132.6 | 110.6 |
EBITA | 825.0 | 795.1 | 795.0 | 523.3 | 329.4 | 545.3 | 468.3 | 225.9 |
EBITA margin | 23.3% | 27.0% | 26.9% | 22.5% | 17.3% | 26.3% | 24.4% | 17.4% |
Amortization of intangibles | 146.0 | 55.3 | 55.0 | 55.2 | 67.4 | 43.5 | 45.7 | 35.7 |
EBIT | 679.0 | 739.8 | 740.0 | 468.1 | 262.0 | 501.8 | 422.6 | 190.2 |
EBIT margin | 19.1% | 25.1% | 25.1% | 20.1% | 13.8% | 24.2% | 22.1% | 14.7% |
Pre-tax income | 433.0 | 665.5 | 665.0 | 423.0 | 177.8 | 481.0 | 447.6 | 128.0 |
Income taxes | 100.0 | 114.1 | 114.0 | 72.9 | 37.4 | 88.1 | 108.5 | 23.2 |
Tax rate | 23.1% | 17.1% | 17.1% | 17.2% | 21.0% | 18.3% | 24.2% | 18.1% |
Net income | 333.0 | 551.4 | 551.0 | 350.1 | 140.4 | 392.9 | 339.1 | 104.8 |
Net margin | 9.4% | 18.7% | 18.7% | 15.0% | 7.4% | 18.9% | 17.7% | 8.1% |
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Diluted EPS | $5.56 | $9.90 | $9.89 | $6.33 | $2.55 | $7.14 | $6.16 | $1.94 |
Shares outstanding (diluted) | 59.9 | 55.7 | 55.7 | 55.3 | 55.1 | 55.0 | 55.1 | 54.1 |
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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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