Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 1,832.4 | 1,856.0 | 1,669.3 | 1,489.0 | 1,285.8 | 1,110.0 | 969.2 | 825.3 |
Revenue growth | -1.3% | 11.2% | 12.1% | 15.8% | 15.8% | 14.5% | 17.4% | 14.1% |
Cost of goods sold | 0.0 | 218.1 | 186.5 | 193.3 | 167.8 | 140.1 | 126.5 | 116.4 |
Gross profit | 1,832.4 | 1,637.9 | 1,482.8 | 1,295.7 | 1,118.0 | 969.9 | 842.7 | 708.9 |
Gross margin | 100.0% | 88.2% | 88.8% | 87.0% | 86.9% | 87.4% | 86.9% | 85.9% |
Sales and marketing | 75.6 | 65.3 | 69.5 | 70.2 | 67.7 | 58.4 | 49.4 | 45.9 |
General and administrative | 350.7 | 100.3 | 69.6 | 65.1 | 55.7 | 55.5 | 48.2 | 37.8 |
EBITA | 878.3 | 1,426.5 | 735.5 | 1,051.6 | 912.9 | 705.0 | 630.0 | 551.7 |
EBITA margin | 47.9% | 76.9% | 44.1% | 70.6% | 71.0% | 63.5% | 65.0% | 66.8% |
Amortization of intangibles | | 1.4 | 1.4 | 1.3 | 1.2 | 1.0 | 1.1 | 1.2 |
EBIT | 878.3 | 1,425.1 | 734.1 | 1,050.3 | 911.7 | 704.0 | 628.9 | 550.5 |
EBIT margin | 47.9% | 76.8% | 44.0% | 70.5% | 70.9% | 63.4% | 64.9% | 66.7% |
Pre-tax income | 711.7 | 1,260.9 | 549.5 | 855.9 | 755.1 | 583.8 | 531.2 | 474.5 |
Income taxes | 175.9 | 302.6 | 128.5 | 199.8 | 181.1 | 113.6 | 198.4 | 174.8 |
Tax rate | 24.7% | 24.0% | 23.4% | 23.3% | 24.0% | 19.5% | 37.3% | 36.8% |
Net income | 535.8 | 958.3 | 421.0 | 656.1 | 574.0 | 470.2 | 332.8 | 299.7 |
Net margin | 29.2% | 51.6% | 25.2% | 44.1% | 44.6% | 42.4% | 34.3% | 36.3% |
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Diluted EPS | $39.32 | $59.52 | $23.47 | $34.57 | $29.39 | $24.04 | $16.31 | $14.28 |
Shares outstanding (diluted) | 13.6 | 16.1 | 17.9 | 19.0 | 19.5 | 19.6 | 20.4 | 21.0 |
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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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