Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 2,947.3 | 2,632.6 | 2,866.0 | 2,714.0 | 2,714.0 | 2,582.9 | 2,334.2 | 2,418.8 |
Revenue growth | 12.0% | -8.1% | 5.6% | 5.1% | | 10.7% | -3.5% | -6.1% |
Cost of goods sold | 835.6 | 696.3 | 869.5 | 843.9 | 843.9 | 809.9 | 716.2 | 749.1 |
Gross profit | 2,111.7 | 1,936.3 | 1,996.5 | 1,870.1 | 1,870.1 | 1,773.0 | 1,618.0 | 1,669.7 |
Gross margin | 71.6% | 73.6% | 69.7% | 68.9% | 68.9% | 68.6% | 69.3% | 69.0% |
Selling, general and administrative | 2,063.5 | 1,629.6 | 1,979.7 | 1,727.7 | 1,727.7 | 1,661.3 | 1,515.7 | 1,615.0 |
EBIT | 1,164.5 | 1,018.6 | 1,056.1 | 988.9 | 988.9 | 933.1 | 833.1 | 831.7 |
EBIT margin | 39.5% | 38.7% | 36.8% | 36.4% | 36.4% | 36.1% | 35.7% | 34.4% |
Pre-tax income | 738.1 | 823.2 | 788.4 | 886.9 | 886.9 | 874.3 | 662.7 | 672.6 |
Income taxes | 211.1 | 204.1 | 247.6 | 257.5 | 257.5 | -89.6 | 182.8 | 187.3 |
Tax rate | 28.6% | 24.8% | 31.4% | 29.0% | 29.0% | | 27.6% | 27.8% |
Net income | 525.0 | 616.8 | 538.7 | 627.2 | 627.2 | 961.8 | 477.9 | 483.3 |
Net margin | 17.8% | 23.4% | 18.8% | 23.1% | 23.1% | 37.2% | 20.5% | 20.0% |
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Diluted EPS | | $6.54 | $5.40 | $6.13 | $6.13 | $9.16 | $4.43 | $4.40 |
Shares outstanding (diluted) | | 94.3 | 99.7 | 102.3 | 102.3 | 105.0 | 107.8 | 109.9 |
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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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