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 | 1,030.9 | 1,044.8 | 938.0 | 707.1 | 695.3 | 652.2 | 470.9 | 435.2 |
| Revenue growth | -1.3% | 11.4% | 32.7% | 1.7% | 6.6% | 38.5% | 8.2% | 0.1% |
| Cost of goods sold | 45.1 | 42.0 | 41.3 | 34.9 | 36.5 | 39.1 | 27.5 | 24.3 |
| Gross profit | 985.7 | 1,002.8 | 896.7 | 672.2 | 658.9 | 613.2 | 443.3 | 410.9 |
| Gross margin | 95.6% | 96.0% | 95.6% | 95.1% | 94.8% | 94.0% | 94.2% | 94.4% |
| Selling, general and administrative | 301.7 | 337.4 | 330.9 | 210.4 | 202.1 | 197.9 | 119.6 | 112.0 |
| General and administrative | 272.4 | 311.4 | 310.1 | 196.2 | 188.3 | 187.4 | 110.9 | 14.9 |
| EBITA | 481.3 | 468.8 | 368.6 | 331.5 | 338.0 | 292.6 | 226.6 | 302.3 |
| EBITA margin | 46.7% | 44.9% | 39.3% | 46.9% | 48.6% | 44.9% | 48.1% | 69.5% |
| Amortization of intangibles | 5.5 | 5.9 | 6.6 | 7.0 | 8.0 | 7.8 | 3.9 | 3.4 |
| EBIT | 475.8 | 462.9 | 362.0 | 324.4 | 329.9 | 284.8 | 222.7 | 298.9 |
| EBIT margin | 46.2% | 44.3% | 38.6% | 45.9% | 47.4% | 43.7% | 47.3% | 68.7% |
| Pre-tax income | 475.8 | 462.9 | 359.7 | 324.4 | 327.2 | 284.8 | 222.7 | 203.5 |
| Income taxes | 96.2 | 95.1 | 70.7 | 64.3 | 70.8 | 134.2 | 75.6 | 65.5 |
| Tax rate | 20.2% | 20.5% | 19.7% | 19.8% | 21.6% | 47.1% | 33.9% | 32.2% |
| Net income | 379.6 | 367.7 | 289.0 | 260.1 | 256.3 | 150.6 | 147.1 | 138.0 |
| Net margin | 36.8% | 35.2% | 30.8% | 36.8% | 36.9% | 23.1% | 31.2% | 31.7% |
| |
| Diluted EPS | $2.81 | $2.84 | $2.41 | $2.55 | $2.46 | $1.54 | $1.99 | $1.98 |
| Shares outstanding (diluted) | 135.1 | 129.5 | 120.1 | 101.9 | 104.3 | 97.9 | 73.9 | 69.6 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|