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 | 2,203.6 | 2,767.0 | 2,298.6 | 2,192.4 | 2,306.4 | 1,818.3 | 1,018.2 | 1,155.1 |
Revenue growth | -20.4% | 20.4% | 4.8% | -4.9% | 26.8% | 78.6% | -11.9% | |
Cost of goods sold | 611.5 | 693.3 | 618.6 | 602.5 | 613.0 | 543.3 | 273.5 | 317.1 |
Gross profit | 1,592.1 | 2,073.7 | 1,680.0 | 1,589.9 | 1,693.4 | 1,275.0 | 744.7 | 838.0 |
Gross margin | 72.2% | 74.9% | 73.1% | 72.5% | 73.4% | 70.1% | 73.1% | 72.5% |
Sales and marketing | 525.4 | 585.8 | 480.7 | 475.4 | 484.6 | 383.1 | 241.3 | 249.8 |
General and administrative | 279.3 | 271.8 | 255.2 | 260.8 | 253.7 | 202.2 | | |
EBITA | 529.3 | 950.5 | 674.8 | 558.9 | 657.0 | 442.3 | 232.1 | 317.3 |
EBITA margin | 24.0% | 34.4% | 29.4% | 25.5% | 28.5% | 24.3% | 22.8% | 27.5% |
Amortization of intangibles | 3.7 | 7.7 | | | | | | |
EBIT | 525.6 | 942.8 | 674.8 | 558.9 | 657.0 | 442.3 | 232.1 | 317.3 |
EBIT margin | 23.9% | 34.1% | 29.4% | 25.5% | 28.5% | 24.3% | 22.8% | 27.5% |
Pre-tax income | 375.4 | 817.7 | 203.5 | 583.5 | 661.8 | 447.4 | 211.9 | 337.5 |
Income taxes | 100.9 | 205.3 | 52.2 | 137.8 | 162.2 | -211.0 | 34.6 | 6.1 |
Tax rate | 26.9% | 25.1% | 25.7% | 23.6% | 24.5% | | 16.3% | 1.8% |
Net income | 372.4 | 620.0 | 130.3 | 427.6 | 523.8 | 655.5 | 189.0 | 329.8 |
Net margin | 16.9% | 22.4% | 5.7% | 19.5% | 22.7% | 36.1% | 18.6% | 28.6% |
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Diluted EPS | $2.30 | $3.68 | $0.72 | $2.27 | $2.67 | $4.04 | $1.70 | $2.86 |
Shares outstanding (diluted) | 162.0 | 168.5 | 179.9 | 188.6 | 195.9 | 162.3 | 111.1 | 115.4 |
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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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