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 | 2,695.7 | 2,581.9 | 2,420.4 | 2,679.0 | 2,279.1 | 2,207.8 | 2,247.0 | 2,569.5 |
Revenue growth | 4.4% | 6.7% | -9.7% | 17.5% | 3.2% | -1.7% | -12.5% | -19.1% |
Cost of goods sold | 675.2 | 658.0 | 581.4 | 634.1 | 502.1 | 500.5 | 489.5 | 478.4 |
Gross profit | 2,020.4 | 1,923.9 | 1,839.0 | 2,044.9 | 1,777.0 | 1,707.3 | 1,757.5 | 2,091.1 |
Gross margin | 75.0% | 74.5% | 76.0% | 76.3% | 78.0% | 77.3% | 78.2% | 81.4% |
Sales and marketing | 1,068.2 | 1,019.5 | 955.6 | 1,071.0 | 938.0 | 922.1 | 951.4 | 1,116.6 |
General and administrative | 666.4 | 646.8 | 616.0 | 662.3 | 564.5 | 554.2 | 561.5 | 622.3 |
EBITA | 297.6 | 267.4 | 280.8 | 329.8 | 282.6 | 239.5 | 253.3 | 360.6 |
EBITA margin | 11.0% | 10.4% | 11.6% | 12.3% | 12.4% | 10.8% | 11.3% | 14.0% |
Amortization of intangibles | 11.7 | 9.8 | 13.4 | 18.3 | 8.1 | 8.4 | 8.6 | 8.4 |
EBIT | 285.9 | 257.6 | 267.4 | 311.5 | 274.5 | 231.1 | 244.7 | 352.2 |
EBIT margin | 10.6% | 10.0% | 11.0% | 11.6% | 12.0% | 10.5% | 10.9% | 13.7% |
Pre-tax income | 232.5 | 256.2 | 255.2 | 219.7 | 265.6 | 212.8 | 212.0 | 298.5 |
Income taxes | 85.2 | 64.9 | 81.6 | 97.8 | 136.1 | 69.8 | 78.9 | 109.3 |
Tax rate | 36.6% | 25.3% | 32.0% | 44.5% | 51.3% | 32.8% | 37.2% | 36.6% |
Net income | 147.3 | 191.4 | 173.6 | 121.9 | 129.4 | 143.1 | 133.0 | 189.2 |
Net margin | 5.5% | 7.4% | 7.2% | 4.5% | 5.7% | 6.5% | 5.9% | 7.4% |
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Diluted EPS | $2.86 | $3.63 | $3.10 | $2.16 | $2.36 | $2.55 | $2.25 | $3.11 |
Shares outstanding (diluted) | 51.4 | 52.8 | 55.9 | 56.5 | 54.9 | 56.1 | 59.1 | 60.9 |
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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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