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 | 1,028.5 | 955.2 | 867.6 | 719.4 | 576.5 | 458.3 | 353.3 | 239.5 |
Revenue growth | 7.7% | 10.1% | 20.6% | 24.8% | 25.8% | 29.7% | 47.5% | 82.2% |
Cost of goods sold | 206.2 | 465.1 | 208.5 | 172.7 | 177.9 | 146.4 | 124.9 | 103.5 |
Gross profit | 822.3 | 490.1 | 659.1 | 546.7 | 398.6 | 311.9 | 228.4 | 135.9 |
Gross margin | 80.0% | 51.3% | 76.0% | 76.0% | 69.1% | 68.1% | 64.6% | 56.8% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
EBIT | 841.0 | 509.2 | 672.8 | 556.9 | 403.7 | 312.3 | 228.4 | 135.9 |
EBIT margin | 81.8% | 53.3% | 77.5% | 77.4% | 70.0% | 68.2% | 64.6% | 56.8% |
Pre-tax income | 822.3 | 490.1 | 659.1 | 546.7 | 398.6 | 311.9 | 228.4 | 135.9 |
Income taxes | 140.5 | 77.1 | 103.3 | 79.3 | 18.8 | 89.3 | 71.1 | 47.4 |
Tax rate | 17.1% | 15.7% | 15.7% | 14.5% | 4.7% | 28.6% | 31.1% | 34.9% |
Net income | 681.8 | 413.0 | 555.7 | 467.4 | 379.7 | 222.6 | 157.3 | 88.5 |
Net margin | 66.3% | 43.2% | 64.1% | 65.0% | 65.9% | 48.6% | 44.5% | 37.0% |
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Diluted EPS | $6.11 | $3.88 | $5.66 | $4.77 | $3.99 | $2.41 | $1.72 | $1.03 |
Shares outstanding (diluted) | 111.6 | 106.4 | 98.2 | 98.0 | 95.2 | 92.2 | 91.7 | 85.6 |
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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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