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 | 5,718.0 | 5,254.7 | 3,901.2 | 3,293.3 | 3,065.2 | 2,577.6 | 2,326.8 | -4.9 |
Revenue growth | 8.8% | 34.7% | 18.5% | 7.4% | 18.9% | 10.8% | -47781.2% | 13.7% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 5,718.0 | 5,254.7 | 3,901.2 | 3,293.3 | 3,065.2 | 2,577.6 | 2,326.8 | -4.9 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
EBIT | 759.9 | 728.1 | 457.5 | 305.0 | 0.0 | 0.0 | 0.0 | 0.0 |
EBIT margin | 13.3% | 13.9% | 11.7% | 9.3% | 0.0% | 0.0% | 0.0% | 0.0% |
Pre-tax income | 759.9 | 751.7 | 457.5 | 305.0 | 263.9 | 229.7 | 151.8 | 101.4 |
Income taxes | 197.7 | 178.0 | 89.9 | 66.7 | 53.1 | 87.9 | 48.6 | 35.6 |
Tax rate | 26.0% | 23.7% | 19.7% | 21.9% | 20.1% | 38.3% | 32.0% | 35.1% |
Net income | 562.1 | 573.7 | 367.6 | 238.3 | 210.8 | 141.8 | 103.2 | 65.8 |
Net margin | 9.8% | 10.9% | 9.4% | 7.2% | 6.9% | 5.5% | 4.4% | -1348.2% |
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Diluted EPS | $7.71 | $7.87 | $5.20 | $3.46 | $3.41 | $2.49 | $1.86 | $1.18 |
Shares outstanding (diluted) | 72.9 | 72.9 | 70.7 | 68.8 | 61.8 | 56.9 | 55.6 | 55.5 |
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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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