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 | Dec-31-15 | Dec-31-14 |
Revenues | 3,379.2 | 2,922.3 | 2,846.5 | 2,586.1 | 2,470.0 | 2,284.3 | 2,131.9 | 2,034.9 |
Revenue growth | 15.6% | 2.7% | 10.1% | 4.7% | 8.1% | 7.1% | 4.8% | 6.9% |
Cost of goods sold | 28.3 | 25.4 | 30.9 | 25.4 | 36.3 | 35.0 | 28.4 | 32.7 |
Gross profit | 3,350.9 | 2,896.9 | 2,815.6 | 2,560.6 | 2,433.7 | 2,249.2 | 2,103.5 | 2,002.2 |
Gross margin | 99.2% | 99.1% | 98.9% | 99.0% | 98.5% | 98.5% | 98.7% | 98.4% |
Selling, general and administrative | 2,845.5 | 2,593.9 | 2,479.2 | 2,348.9 | 2,171.8 | 2,029.3 | 1,870.8 | 1,805.0 |
EBIT | 505.3 | 303.0 | 336.4 | 211.7 | 262.0 | 197.9 | 210.8 | 220.2 |
EBIT margin | 15.0% | 10.4% | 11.8% | 8.2% | 10.6% | 8.7% | 9.9% | 10.8% |
Pre-tax income | 505.3 | 303.0 | 336.4 | 211.7 | 262.0 | 220.0 | 232.7 | 197.1 |
Income taxes | 101.5 | 56.6 | 64.8 | 32.8 | 93.1 | 61.5 | 66.8 | 55.3 |
Tax rate | 20.1% | 18.7% | 19.3% | 15.5% | 35.6% | 27.9% | 28.7% | 28.1% |
Net income | 394.5 | 246.4 | 271.6 | 178.9 | 168.8 | 158.5 | 165.9 | 141.8 |
Net margin | 11.7% | 8.4% | 9.5% | 6.9% | 6.8% | 6.9% | 7.8% | 7.0% |
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Diluted EPS | $6.50 | $4.09 | $4.53 | $3.00 | $2.84 | $2.70 | $2.85 | $2.47 |
Shares outstanding (diluted) | 60.7 | 60.3 | 60.0 | 59.7 | 59.4 | 58.7 | 58.2 | 57.4 |
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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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