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 | 8,198.2 | 7,027.9 | 6,782.5 | 6,078.5 | 5,428.5 | 4,516.6 | 4,788.6 | 4,541.3 |
Revenue growth | 16.7% | 3.6% | 11.6% | 12.0% | 20.2% | -5.7% | 5.4% | 18.8% |
Cost of goods sold | 6,255.5 | 5,317.7 | 5,133.7 | 4,577.3 | 4,103.8 | 3,411.0 | 3,380.2 | 3,160.5 |
Gross profit | 1,942.7 | 1,710.2 | 1,648.8 | 1,501.2 | 1,324.7 | 1,105.6 | 1,408.3 | 1,380.8 |
Gross margin | 23.7% | 24.3% | 24.3% | 24.7% | 24.4% | 24.5% | 29.4% | 30.4% |
Sales and marketing | 584.8 | 544.3 | 559.2 | 491.8 | 471.8 | 342.2 | 316.7 | 314.4 |
Research and development | 336.7 | 295.6 | 292.9 | 259.7 | 238.3 | 185.1 | 166.5 | 148.5 |
General and administrative | 366.0 | 359.2 | 393.9 | 349.7 | 331.2 | 306.4 | 209.1 | 203.2 |
EBITA | 779.8 | 627.6 | 478.6 | 458.1 | 352.9 | 343.4 | 709.3 | 710.6 |
EBITA margin | 9.5% | 8.9% | 7.1% | 7.5% | 6.5% | 7.6% | 14.8% | 15.6% |
Amortization of intangibles | 34.0 | 36.1 | | | | | | |
EBIT | 745.8 | 591.5 | 478.6 | 458.1 | 352.9 | 343.4 | 709.3 | 710.6 |
EBIT margin | 9.1% | 8.4% | 7.1% | 7.5% | 6.5% | 7.6% | 14.8% | 15.6% |
Pre-tax income | 625.7 | 141.4 | 407.8 | 429.2 | 318.8 | 313.3 | 685.7 | 699.3 |
Income taxes | 131.4 | 16.5 | 83.9 | 93.9 | 146.3 | 100.3 | 230.4 | 245.3 |
Tax rate | 21.0% | 11.7% | 20.6% | 21.9% | 45.9% | 32.0% | 33.6% | 35.1% |
Net income | 493.9 | 124.8 | 324.0 | 335.3 | 172.5 | 212.9 | 455.4 | 454.0 |
Net margin | 6.0% | 1.8% | 4.8% | 5.5% | 3.2% | 4.7% | 9.5% | 10.0% |
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Diluted EPS | $7.88 | $1.99 | $5.20 | $5.25 | $2.69 | $3.27 | $6.75 | $6.65 |
Shares outstanding (diluted) | 62.7 | 62.6 | 62.3 | 63.9 | 64.2 | 65.2 | 67.5 | 68.2 |
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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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