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 | 2,376.7 | 2,256.6 | 2,350.1 | 2,477.9 | 2,331.4 | 2,263.4 | 2,179.5 | 1,843.3 |
Revenue growth | 5.3% | -4.0% | -5.2% | 6.3% | 3.0% | 3.9% | 18.2% | 9.0% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 1,858.1 | 1,755.8 | 1,700.5 | 1,650.3 | 1,363.8 |
Gross profit | 2,376.7 | 2,256.6 | 2,350.1 | 619.9 | 575.6 | 562.9 | 529.2 | 479.5 |
Gross margin | 100.0% | 100.0% | 100.0% | 25.0% | 24.7% | 24.9% | 24.3% | 26.0% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | | | | | |
General and administrative | 0.0 | 0.0 | 0.0 | 185.9 | 184.5 | 190.3 | 148.7 | 137.0 |
EBITA | 18.4 | 21.6 | 22.3 | 334.9 | 297.2 | 285.0 | 292.9 | 260.6 |
EBITA margin | 0.8% | 1.0% | 0.9% | 13.5% | 12.7% | 12.6% | 13.4% | 14.1% |
Amortization of intangibles | 18.4 | 21.6 | 22.3 | 22.3 | 22.9 | 24.7 | 20.4 | 19.3 |
EBIT | 0.0 | 0.0 | 0.0 | 312.6 | 274.3 | 260.3 | 272.5 | 241.3 |
EBIT margin | 0.0% | 0.0% | 0.0% | 12.6% | 11.8% | 11.5% | 12.5% | 13.1% |
Pre-tax income | 229.8 | 192.8 | 124.1 | 173.5 | 149.3 | 151.9 | 149.5 | 141.2 |
Income taxes | 62.9 | 122.7 | 20.5 | 16.6 | 14.1 | 18.0 | 7.9 | 7.4 |
Tax rate | 27.4% | 63.6% | 16.5% | 9.6% | 9.5% | 11.8% | 5.3% | 5.2% |
Net income | 171.8 | 77.4 | 113.0 | 166.6 | 145.1 | 146.2 | 148.7 | 139.4 |
Net margin | 7.2% | 3.4% | 4.8% | 6.7% | 6.2% | 6.5% | 6.8% | 7.6% |
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Diluted EPS | $1.41 | $0.64 | $0.94 | $1.40 | $1.20 | $1.21 | $1.33 | $1.26 |
Shares outstanding (diluted) | 122.3 | 120.7 | 120.0 | 119.3 | 120.7 | 120.8 | 111.5 | 111.0 |
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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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