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 | 2,969.7 | 2,272.6 | 1,398.3 | 1,264.0 | 1,126.8 | 982.6 | 833.8 | 674.7 |
Revenue growth | 30.7% | 62.5% | 10.6% | 12.2% | 14.7% | 17.8% | 23.6% | 39.3% |
Cost of goods sold | 894.5 | 608.5 | 277.7 | 254.1 | 454.0 | 385.1 | 321.8 | 77.2 |
Gross profit | 2,075.2 | 1,664.1 | 1,120.6 | 1,010.0 | 672.8 | 597.4 | 512.0 | 597.5 |
Gross margin | 69.9% | 73.2% | 80.1% | 79.9% | 59.7% | 60.8% | 61.4% | 88.6% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | | | | | 15.7 | 12.5 | 9.7 | 7.5 |
General and administrative | 256.8 | 181.3 | 109.5 | 92.8 | 81.4 | 84.0 | 63.7 | 47.5 |
EBITA | 571.6 | 615.6 | 325.3 | 275.5 | 258.7 | 206.9 | 201.3 | 167.0 |
EBITA margin | 19.2% | 27.1% | 23.3% | 21.8% | 23.0% | 21.1% | 24.1% | 24.8% |
Amortization of intangibles | 36.9 | 43.5 | 21.4 | 15.7 | 13.4 | 14.1 | 12.7 | 8.8 |
EBIT | 534.7 | 572.1 | 303.9 | 259.7 | 245.3 | 192.8 | 188.6 | 158.2 |
EBIT margin | 18.0% | 25.2% | 21.7% | 20.5% | 21.8% | 19.6% | 22.6% | 23.4% |
Pre-tax income | 263.8 | 413.8 | 147.4 | 139.9 | 129.5 | 72.7 | 35.9 | 38.8 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.4 | 1.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 1.1% | 2.6% |
Net income | 242.0 | 380.2 | 131.6 | 160.3 | 105.5 | 65.0 | 17.4 | 137.3 |
Net margin | 8.1% | 16.7% | 9.4% | 12.7% | 9.4% | 6.6% | 2.1% | 20.4% |
|
Diluted EPS | $1.97 | $3.30 | $1.35 | $1.80 | $1.29 | $0.85 | $0.26 | $2.56 |
Shares outstanding (diluted) | 122.9 | 115.1 | 97.5 | 88.9 | 82.0 | 76.7 | 66.3 | 53.7 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|