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 | 2,560.0 | 2,312.3 | 1,234.1 | 1,579.0 | 1,715.1 | 1,330.7 | 1,055.1 | 1,175.5 |
Revenue growth | 10.7% | 87.4% | -21.8% | -7.9% | 28.9% | 26.1% | -10.2% | -18.2% |
Cost of goods sold | 13.2 | 12.5 | 9.7 | 10.0 | 9.4 | 8.9 | 8.7 | 951.7 |
Gross profit | 2,546.8 | 2,299.8 | 1,224.5 | 1,569.1 | 1,705.7 | 1,321.8 | 1,046.4 | 223.8 |
Gross margin | 99.5% | 99.5% | 99.2% | 99.4% | 99.5% | 99.3% | 99.2% | 19.0% |
Sales and marketing | 40.2 | 41.9 | 26.1 | 28.8 | 29.0 | 26.3 | 23.1 | 21.2 |
General and administrative | 114.0 | 104.6 | 71.5 | 76.9 | 81.1 | 69.7 | 63.1 | 65.0 |
EBITA | 136.2 | 174.8 | 2.1 | 18.0 | 58.0 | 24.9 | 6.6 | -1.9 |
EBITA margin | 5.3% | 7.6% | 0.2% | 1.1% | 3.4% | 1.9% | 0.6% | -0.2% |
Amortization of intangibles | 2.5 | 2.4 | 1.6 | 1.3 | 1.0 | 0.9 | 0.9 | 0.9 |
EBIT | 133.7 | 172.5 | 0.6 | 16.6 | 57.1 | 24.0 | 5.7 | -2.8 |
EBIT margin | 5.2% | 7.5% | 0.0% | 1.1% | 3.3% | 1.8% | 0.5% | -0.2% |
Pre-tax income | 123.6 | 164.8 | -6.9 | 5.3 | 46.1 | 16.4 | 0.4 | -33.6 |
Income taxes | 32.7 | 43.7 | -1.3 | 1.4 | 12.3 | -2.6 | 1.5 | -6.8 |
Tax rate | 26.4% | 26.5% | 19.0% | 27.1% | 26.7% | | 356.7% | 20.3% |
Net income | 90.9 | 121.1 | -5.6 | 3.9 | 33.8 | 19.0 | -1.1 | -26.8 |
Net margin | 3.6% | 5.2% | -0.5% | 0.2% | 2.0% | 1.4% | -0.1% | -2.3% |
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Diluted EPS | $7.87 | $10.52 | ($0.49) | $0.34 | $2.95 | $1.67 | ($0.10) | ($2.39) |
Shares outstanding (diluted) | 11.6 | 11.5 | 11.4 | 11.5 | 11.4 | 11.4 | 11.2 | 11.2 |
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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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