Financial Summary (All financials)
| In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
| Revenues | 4,681.5 | 4,031.0 | 3,749.0 | 3,001.1 | 2,679.6 |
| Revenue growth | 16.1% | 7.5% | 24.9% | 12.0% | |
| Cost of goods sold | 279.1 | 264.8 | 259.0 | 1,815.6 | 1,386.7 |
| Gross profit | 4,402.4 | 3,766.2 | 3,490.0 | 1,185.4 | 1,292.9 |
| Gross margin | 94.0% | 93.4% | 93.1% | 39.5% | 48.2% |
| Selling, general and administrative | 1,010.1 | 938.8 | 813.0 | 809.3 | 718.1 |
| EBITA | 675.2 | 584.0 | 571.0 | 376.1 | 314.3 |
| EBITA margin | 14.4% | 14.5% | 15.2% | 12.5% | 11.7% |
| Amortization of intangibles | 157.6 | 161.9 | 168.6 | | |
| EBIT | 517.6 | 422.1 | 402.4 | 376.1 | 314.3 |
| EBIT margin | 11.1% | 10.5% | 10.7% | 12.5% | 11.7% |
| Pre-tax income | 187.5 | 59.3 | 146.6 | 16.5 | 166.9 |
| Income taxes | 18.8 | 3.0 | 39.6 | -284.4 | -16.0 |
| Tax rate | 10.0% | 5.0% | 27.0% | | |
| Net income | 120.2 | 54.7 | 96.3 | 296.0 | 183.1 |
| Net margin | 2.6% | 1.4% | 2.6% | 9.9% | 6.8% |
| |
| Diluted EPS | $0.35 | $0.19 | $0.34 | $1.01 | $0.58 |
| Shares outstanding (diluted) | 346.7 | 280.7 | 279.3 | 293.8 | 316.6 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|