Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| Revenues | 4,391.8 | 3,834.9 | 4,173.6 | 3,326.4 |
| Revenue growth | 14.5% | -8.1% | 25.5% | |
| Cost of goods sold | 1,745.0 | 1,669.8 | 1,793.4 | 1,627.1 |
| Gross profit | 2,646.8 | 2,165.1 | 2,380.3 | 1,699.2 |
| Gross margin | 60.3% | 56.5% | 57.0% | 51.1% |
| Sales and marketing | 640.1 | 553.6 | 532.6 | 564.1 |
| EBIT | 863.0 | 580.7 | 797.9 | 162.4 |
| EBIT margin | 19.7% | 15.1% | 19.1% | 4.9% |
| Pre-tax income | 863.0 | 580.7 | 797.9 | 141.2 |
| Income taxes | 163.7 | 113.2 | 177.5 | -17.8 |
| Tax rate | 19.0% | 19.5% | 22.2% | |
| Net income | 699.3 | 467.5 | 620.4 | 159.0 |
| Net margin | 15.9% | 12.2% | 14.9% | 4.8% |
| |
| Diluted EPS | $26.01 | $17.39 | $23.07 | $5.91 |
| Shares outstanding (diluted) | 26.9 | 26.9 | 26.9 | 26.9 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|