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 |
| Revenues | 1,798.0 | 1,361.3 | 1,218.3 | 910.9 | 662.9 | 485.4 |
| Revenue growth | 32.1% | 11.7% | 33.8% | 37.4% | 36.6% | |
| Cost of goods sold | 591.1 | 476.2 | 431.5 | 358.1 | 265.6 | 178.2 |
| Gross profit | 1,206.8 | 885.1 | 786.9 | 552.8 | 397.3 | 307.3 |
| Gross margin | 67.1% | 65.0% | 64.6% | 60.7% | 59.9% | 63.3% |
| Selling, general and administrative | 297.6 | 236.4 | 232.9 | 170.3 | 134.6 | 98.6 |
| EBITA | 291.2 | 267.8 | 199.1 | 135.3 | 71.5 | 90.0 |
| EBITA margin | 16.2% | 19.7% | 16.3% | 14.9% | 10.8% | 18.5% |
| Amortization of intangibles | 187.8 | 147.8 | 130.7 | 90.4 | 64.4 | 50.9 |
| EBIT | 103.4 | 120.0 | 68.4 | 45.0 | 7.2 | 39.0 |
| EBIT margin | 5.8% | 8.8% | 5.6% | 4.9% | 1.1% | 8.0% |
| Pre-tax income | 44.5 | 69.6 | -5.0 | -31.6 | -49.9 | 16.7 |
| Income taxes | 20.1 | 20.7 | 7.0 | 9.5 | -1.5 | 1.0 |
| Tax rate | 45.1% | 29.7% | | | 3.0% | 5.9% |
| Net income | 10.4 | 28.0 | -12.9 | -0.6 | -48.4 | 15.7 |
| Net margin | 0.6% | 2.1% | -1.1% | -0.1% | -7.3% | 3.2% |
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| Diluted EPS | $0.18 | $0.57 | ($0.28) | ($0.01) | | |
| Shares outstanding (diluted) | 57.8 | 48.8 | 46.8 | 43.1 | | |
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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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