Financial Summary (All financials)
In millions, except per share items | Jan-01-22 | Jan-02-21 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Jan-02-16 | Jan-03-15 |
Revenues | 2,988.2 | 2,682.9 | 2,336.3 | 2,138.0 | 1,943.0 | 1,816.1 | 1,702.1 | 1,580.9 |
Revenue growth | 11.4% | 14.8% | 9.3% | 10.0% | 7.0% | 6.7% | 7.7% | 8.3% |
Cost of goods sold | 47.6 | 46.2 | 41.0 | 39.2 | 41.8 | 256.5 | 82.8 | 67.4 |
Gross profit | 2,940.7 | 2,636.7 | 2,295.4 | 2,098.8 | 1,901.3 | 1,559.6 | 1,619.3 | 1,513.6 |
Gross margin | 98.4% | 98.3% | 98.2% | 98.2% | 97.8% | 85.9% | 95.1% | 95.7% |
Sales and marketing | 560.3 | 516.5 | 481.7 | 439.7 | 419.2 | 395.2 | 402.4 | 399.7 |
Research and development | 1,134.3 | 1,033.7 | 935.9 | 884.8 | 804.2 | 735.3 | 637.6 | 603.0 |
General and administrative | 189.0 | 154.4 | 139.8 | 133.4 | 134.2 | 125.1 | 110.0 | 113.6 |
EBITA | 797.7 | 672.8 | 512.5 | 421.4 | 348.1 | 304.0 | 313.7 | 240.9 |
EBITA margin | 26.7% | 25.1% | 21.9% | 19.7% | 17.9% | 16.7% | 18.4% | 15.2% |
Amortization of intangibles | 19.6 | 18.0 | 12.1 | 14.1 | 14.7 | 18.1 | 23.7 | 24.0 |
EBIT | 778.0 | 654.8 | 500.4 | 407.3 | 333.4 | 285.9 | 289.9 | 216.9 |
EBIT margin | 26.0% | 24.4% | 21.4% | 19.1% | 17.2% | 15.7% | 17.0% | 13.7% |
Pre-tax income | 768.4 | 632.7 | 479.0 | 376.4 | 315.0 | 237.2 | 267.6 | 181.0 |
Income taxes | 72.5 | 42.1 | -510.0 | 30.6 | 110.9 | 34.1 | 15.2 | 22.1 |
Tax rate | 9.4% | 6.7% | | 8.1% | 35.2% | 14.4% | 5.7% | 12.2% |
Net income | 696.0 | 590.6 | 989.0 | 345.8 | 204.1 | 203.1 | 252.4 | 158.9 |
Net margin | 23.3% | 22.0% | 42.3% | 16.2% | 10.5% | 11.2% | 14.8% | 10.1% |
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Diluted EPS | $2.50 | $2.11 | $3.53 | $1.23 | $0.73 | $0.70 | $0.81 | $0.52 |
Shares outstanding (diluted) | 278.9 | 279.6 | 280.5 | 281.1 | 280.2 | 291.3 | 312.3 | 306.8 |
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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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