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 | 5,627.0 | 4,448.0 | 4,485.0 | 4,218.0 | 3,722.0 | 3,574.0 | 3,650.0 | 1,671.0 |
| Revenue growth | 26.5% | -0.8% | 6.3% | 13.3% | 4.1% | -2.1% | 118.4% | 61.0% |
| Cost of goods sold | 2,999.0 | 2,445.0 | 2,385.0 | 2,237.0 | 2,012.0 | 1,932.0 | 2,006.0 | 893.0 |
| Gross profit | 2,628.0 | 2,003.0 | 2,100.0 | 1,981.0 | 1,710.0 | 1,642.0 | 1,644.0 | 778.0 |
| Gross margin | 46.7% | 45.0% | 46.8% | 47.0% | 45.9% | 45.9% | 45.0% | 46.6% |
| Sales and marketing | 587.0 | 483.0 | 503.0 | 483.0 | 448.0 | 444.0 | 494.0 | 213.0 |
| Research and development | 567.0 | 453.0 | 447.0 | 444.0 | 389.0 | 376.0 | 394.0 | 151.0 |
| General and administrative | 348.0 | 304.0 | 323.0 | 328.0 | 301.0 | 307.0 | 283.0 | 138.0 |
| EBITA | 1,151.0 | 786.0 | 849.0 | 726.0 | 572.0 | 515.0 | 473.0 | 276.0 |
| EBITA margin | 20.5% | 17.7% | 18.9% | 17.2% | 15.4% | 14.4% | 13.0% | 16.5% |
| Amortization of intangibles | 115.0 | 78.0 | 103.0 | 97.0 | 184.0 | 229.0 | 251.0 | 54.0 |
| EBIT | 1,036.0 | 708.0 | 746.0 | 629.0 | 388.0 | 286.0 | 222.0 | 222.0 |
| EBIT margin | 18.4% | 15.9% | 16.6% | 14.9% | 10.4% | 8.0% | 6.1% | 13.3% |
| Pre-tax income | 968.0 | 560.0 | 598.0 | 524.0 | 88.0 | -129.0 | -180.0 | 17.0 |
| Income taxes | 131.0 | 56.0 | 54.0 | 103.0 | 71.0 | 8.0 | -22.0 | -15.0 |
| Tax rate | 13.5% | 10.0% | 9.0% | 19.7% | 80.7% | | 12.2% | |
| Net income | 837.0 | 504.0 | 544.0 | 421.0 | 17.0 | -137.0 | -158.0 | 0.0 |
| Net margin | 14.9% | 11.3% | 12.1% | 10.0% | 0.5% | -3.8% | -4.3% | 0.0% |
| |
| Diluted EPS | $15.53 | $9.35 | $9.96 | $7.75 | $0.32 | ($2.66) | ($3.10) | $0.00 |
| Shares outstanding (diluted) | 53.9 | 53.9 | 54.6 | 54.3 | 53.7 | 51.6 | 51.0 | 51.4 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|