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 | 1,608.5 | 1,427.9 | 699.5 | 1,300.5 | 1,064.5 | 1,100.1 | 1,035.0 | 797.1 |
Revenue growth | 12.6% | 104.1% | -46.2% | 22.2% | -3.2% | 6.3% | 29.8% | 25.6% |
Cost of goods sold | 371.4 | 349.4 | 279.6 | 331.3 | 280.2 | 134.3 | 147.6 | 152.5 |
Gross profit | 1,237.1 | 1,078.5 | 419.9 | 969.2 | 784.3 | 965.8 | 887.4 | 644.6 |
Gross margin | 76.9% | 75.5% | 60.0% | 74.5% | 73.7% | 87.8% | 85.7% | 80.9% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | | | | 23.1 | 29.2 | 20.5 | 22.2 | 25.5 |
General and administrative | 81.8 | 82.0 | 109.4 | 162.5 | 110.6 | 89.9 | 86.6 | 81.3 |
EBITA | 371.4 | 235.8 | 121.0 | 191.6 | 159.8 | 263.7 | 361.8 | 139.2 |
EBITA margin | 23.1% | 16.5% | 17.3% | 14.7% | 15.0% | 24.0% | 35.0% | 17.5% |
Amortization of intangibles | 16.8 | 16.9 | 18.2 | 10.7 | 13.0 | 15.9 | 14.0 | 16.7 |
EBIT | 354.6 | 219.0 | 102.8 | 180.9 | 146.8 | 247.9 | 347.8 | 122.5 |
EBIT margin | 22.0% | 15.3% | 14.7% | 13.9% | 13.8% | 22.5% | 33.6% | 15.4% |
Pre-tax income | 245.1 | 64.1 | 8.5 | 103.5 | 73.2 | 120.8 | 320.8 | 150.7 |
Income taxes | 60.5 | 15.2 | 11.7 | 29.2 | 15.5 | -45.8 | 118.5 | 24.0 |
Tax rate | 24.7% | 23.6% | 137.4% | 28.2% | 21.2% | | 36.9% | 15.9% |
Net income | 184.5 | 56.1 | -26.2 | 74.0 | 57.0 | 168.4 | 202.3 | 126.7 |
Net margin | 11.5% | 3.9% | -3.7% | 5.7% | 5.4% | 15.3% | 19.5% | 15.9% |
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Diluted EPS | $3.65 | $1.03 | ($0.50) | $1.71 | $1.32 | $3.91 | $4.73 | $3.21 |
Shares outstanding (diluted) | 50.6 | 54.6 | 52.5 | 43.3 | 43.2 | 43.1 | 42.7 | 39.5 |
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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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