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 | 1,698.6 | 1,661.7 | 534.9 | 522.3 | 277.7 | 191.6 | 196.1 | 184.2 |
Revenue growth | 2.2% | 210.7% | 2.4% | 88.0% | 45.0% | -2.3% | 6.5% | 3.9% |
Cost of goods sold | 427.7 | 312.8 | 214.1 | 206.6 | 121.6 | 79.9 | 78.0 | 74.2 |
Gross profit | 1,270.9 | 1,348.9 | 320.8 | 315.7 | 156.1 | 111.7 | 118.1 | 110.0 |
Gross margin | 74.8% | 81.2% | 60.0% | 60.4% | 56.2% | 58.3% | 60.2% | 59.7% |
Sales and marketing | 175.3 | 134.0 | 111.1 | 109.0 | 67.2 | 50.4 | 50.4 | 43.1 |
Research and development | 95.7 | 84.3 | 52.6 | 51.6 | 33.6 | 38.7 | 35.5 | 37.9 |
General and administrative | 84.2 | 66.6 | 52.8 | 45.0 | 29.2 | 26.4 | 27.1 | 25.8 |
EBITA | 943.0 | 1,091.3 | 131.9 | 138.9 | 42.2 | 5.8 | 15.3 | 11.8 |
EBITA margin | 55.5% | 65.7% | 24.7% | 26.6% | 15.2% | 3.0% | 7.8% | 6.4% |
Amortization of intangibles | 27.4 | 27.3 | 27.5 | 28.8 | 16.1 | 9.5 | 10.2 | 17.4 |
EBIT | 915.6 | 1,064.0 | 104.4 | 110.1 | 26.1 | -3.7 | 5.1 | -5.7 |
EBIT margin | 53.9% | 64.0% | 19.5% | 21.1% | 9.4% | -1.9% | 2.6% | -3.1% |
Pre-tax income | 900.4 | 1,040.3 | 77.2 | 63.4 | -8.0 | -16.2 | -9.3 | -11.0 |
Income taxes | 196.1 | 230.0 | 4.3 | -10.8 | 0.1 | -2.4 | -3.2 | -3.9 |
Tax rate | 21.8% | 22.1% | 5.5% | | | 14.8% | 34.6% | 35.6% |
Net income | 704.2 | 810.3 | 72.9 | 74.2 | -8.2 | -13.8 | -6.1 | -7.1 |
Net margin | 41.5% | 48.8% | 13.6% | 14.2% | -2.9% | -7.2% | -3.1% | -3.8% |
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Diluted EPS | $16.43 | $18.59 | $1.69 | $1.74 | ($0.24) | ($0.42) | ($0.18) | ($0.21) |
Shares outstanding (diluted) | 42.9 | 43.6 | 43.1 | 42.6 | 33.7 | 32.7 | 34.1 | 34.5 |
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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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