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 | 3,745.9 | 3,046.1 | 2,500.3 | 2,286.3 | 1,962.0 | 1,691.3 | 1,418.4 | 1,215.2 |
| Revenue growth | 23.0% | 21.8% | 9.4% | 16.5% | 16.0% | 19.2% | 16.7% | 17.2% |
| Cost of goods sold | 2,837.0 | 2,361.4 | 2,005.9 | 1,836.7 | 1,561.0 | 1,375.1 | 1,139.5 | 972.0 |
| Gross profit | 908.9 | 684.8 | 494.4 | 449.6 | 400.9 | 316.2 | 278.9 | 243.2 |
| Gross margin | 24.3% | 22.5% | 19.8% | 19.7% | 20.4% | 18.7% | 19.7% | 20.0% |
| Sales and marketing | 198.6 | 179.5 | 154.4 | 142.8 | 128.3 | 108.8 | 95.1 | 81.1 |
| General and administrative | 192.0 | 177.5 | 148.0 | 137.8 | 126.3 | 111.6 | 93.2 | 88.8 |
| EBIT | 518.3 | 327.7 | 192.1 | 169.3 | 146.9 | 113.4 | 100.2 | 86.6 |
| EBIT margin | 13.8% | 10.8% | 7.7% | 7.4% | 7.5% | 6.7% | 7.1% | 7.1% |
| Pre-tax income | 509.1 | 310.0 | 166.0 | 141.3 | 120.3 | 91.8 | 86.9 | 69.7 |
| Income taxes | 112.2 | 70.2 | 38.4 | 33.6 | 48.2 | 35.2 | 35.2 | 18.9 |
| Tax rate | 22.0% | 22.6% | 23.2% | 23.8% | 40.1% | 38.3% | 40.5% | 27.2% |
| Net income | 396.9 | 239.9 | 127.6 | 107.7 | 66.2 | 51.7 | 46.9 | 45.9 |
| Net margin | 10.6% | 7.9% | 5.1% | 4.7% | 3.4% | 3.1% | 3.3% | 3.8% |
| |
| Diluted EPS | $13.28 | $8.23 | $4.48 | $3.69 | $2.16 | $1.72 | $1.56 | $1.53 |
| Shares outstanding (diluted) | 29.9 | 29.2 | 28.5 | 29.2 | 30.7 | 30.1 | 30.0 | 29.9 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|