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| 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 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| United States | 932.6 | 867.1 | 776.7 | 637.9 | 506.3 | 417.3 | 367.9 | 354.4 |
| Japan | 186.2 | 193.1 | 183.1 | 162.2 | 146.0 | 126.1 | 120.2 | 104.3 |
| Germany | 198.6 | 158.5 | 160.8 | 158.8 | 140.5 | 108.2 | 99.8 | 94.5 |
| Other | 748.2 | 688.0 | 560.7 | 557.0 | 500.8 | 443.6 | 400.6 | 389.5 |
| Total revenues [+] | 2,065.6 | 1,906.7 | 1,681.3 | 1,515.9 | 1,293.6 | 1,095.3 | 988.5 | 942.8 |
| Licensing | | | | | | | | 555.1 |
| Revenue growth [+] | 8.3% | 13.4% | 10.9% | 17.2% | 18.1% | 10.8% | 4.8% | 0.7% |
| United States | 7.5% | 11.6% | 21.8% | 26.0% | 21.3% | 13.4% | 3.8% | 10.6% |
| Japan | -3.6% | 5.4% | 12.9% | 11.1% | 15.7% | 4.9% | 15.2% | -4.1% |
| Germany | 25.3% | -1.4% | 1.2% | 13.0% | 29.8% | 8.4% | 5.6% | -5.2% |
| Other international | 21.5% | 25.4% | -5.0% | 12.0% | 57.6% | 5.8% | -20.2% | 4.8% |
| Cost of goods sold [+] | 320.0 | 318.7 | 265.9 | 188.0 | 182.9 | 187.0 | 185.0 | 294.5 |
| Cost of licensing | | | | | | | | 29.1 |
| Amortization of intangibles | 69.4 | 60.8 | 40.6 | 21.7 | 27.0 | 36.8 | 38.1 | 38.8 |
| Maintenance and operations costs | | | | | | | | 79.4 |
| Gross profit | 1,745.5 | 1,588.0 | 1,415.4 | 1,327.9 | 1,110.7 | 908.3 | 803.5 | 648.3 |
| Gross margin | 84.5% | 83.3% | 84.2% | 87.6% | 85.9% | 82.9% | 81.3% | 68.8% |
| Selling, general and administrative | 772.9 | 715.4 | 587.7 | 521.2 | 413.6 | 338.6 | 269.5 | 253.6 |
| Research and development | 433.7 | 404.9 | 355.4 | 298.2 | 233.8 | 202.7 | 183.1 | 168.8 |
| Other operating expenses | -69.4 | -60.8 | -40.6 | -21.7 | -27.0 | -36.8 | -25.3 | -127.9 |
| EBITDA [+] | 707.2 | 620.1 | 581.6 | 575.6 | 535.8 | 458.4 | 445.8 | 431.3 |
| EBITDA growth | 14.0% | 6.6% | 1.1% | 7.4% | 16.9% | 2.8% | 3.4% | 0.5% |
| EBITDA margin | 34.2% | 32.5% | 34.6% | 38.0% | 41.4% | 41.9% | 45.1% | 45.8% |
| Depreciation | 98.8 | 91.7 | 68.7 | 45.3 | 45.5 | 54.7 | 56.8 | 58.3 |
| EBITA | 608.4 | 528.5 | 513.0 | 530.2 | 490.4 | 403.7 | 389.0 | 373.1 |
| EBITA margin | 29.5% | 27.7% | 30.5% | 35.0% | 37.9% | 36.9% | 39.4% | 39.6% |
| Amortization of intangibles | 15.7 | 15.2 | 16.6 | 15.2 | 13.8 | 13.0 | 12.8 | 19.4 |
| EBIT [+] | 592.7 | 513.3 | 496.4 | 515.0 | 476.6 | 390.7 | 376.2 | 353.7 |
| EBIT growth | 15.5% | 3.4% | -3.6% | 8.1% | 22.0% | 3.9% | 6.4% | 1.8% |
| EBIT margin | 28.7% | 26.9% | 29.5% | 34.0% | 36.8% | 35.7% | 38.1% | 37.5% |
| Interest income, net [+] | -17.0 | -10.3 | -5.9 | 9.3 | 11.4 | 6.9 | 4.2 | 2.8 |
| Interest expense | 22.7 | 12.4 | 11.0 | 3.5 | 0.1 | 0.1 | | |
| Interest income | 5.7 | 2.1 | 5.1 | 12.8 | 11.4 | 7.0 | 4.2 | 2.8 |
| Other income (expense), net | -0.3 | 12.4 | 3.5 | -1.8 | -0.8 | -1.9 | -0.1 | 0.3 |
| Pre-tax income | 575.3 | 515.4 | 493.9 | 522.6 | 487.1 | 395.7 | 380.3 | 356.8 |
| Income taxes | 51.6 | 60.7 | 60.0 | 71.3 | 67.7 | 136.4 | 114.7 | 104.2 |
| Tax rate | 9.0% | 11.8% | 12.2% | 13.6% | 13.9% | 34.5% | 30.2% | 29.2% |
| Net income | 523.7 | 454.6 | 433.9 | 451.3 | 419.4 | 259.3 | 265.6 | 252.5 |
| Net margin | 25.4% | 23.8% | 25.8% | 29.8% | 32.4% | 23.7% | 26.9% | 26.8% |
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| Basic EPS [+] | $6.02 | $5.22 | $5.05 | $5.36 | $4.99 | $3.05 | $3.05 | $2.82 |
| Growth | 15.3% | 3.3% | -5.6% | 7.2% | 63.7% | 0.2% | 8.0% | 1.9% |
| Diluted EPS [+] | $2.00 | $1.73 | $1.67 | $1.76 | $1.64 | $1.00 | $2.99 | $2.76 |
| Growth | 15.8% | 3.6% | -5.4% | 7.5% | 63.6% | -66.4% | 8.2% | 2.1% |
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| Shares outstanding (basic) [+] | 87.1 | 87.1 | 85.8 | 84.3 | 84.0 | 85.0 | 87.2 | 89.6 |
| Growth | -0.1% | 1.5% | 1.9% | 0.3% | -1.2% | -2.6% | -2.6% | -2.7% |
| Shares outstanding (diluted) [+] | 262.0 | 263.3 | 260.4 | 256.1 | 255.8 | 258.7 | 89.0 | 91.5 |
| Growth | -0.5% | 1.1% | 1.7% | 0.1% | -1.1% | 190.8% | -2.8% | -2.9% |
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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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