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 | 3,745.8 | 3,249.1 | 2,772.4 | 2,407.4 | 1,931.5 | 1,729.0 | 1,482.9 | 1,264.1 |
Revenue growth | 15.3% | 17.2% | 15.2% | 24.6% | 11.7% | 16.6% | 17.3% | 11.7% |
Cost of goods sold | 2,570.2 | 2,214.9 | 1,876.1 | 0.0 | 0.0 | 1,188.8 | 1,050.1 | 884.0 |
Gross profit | 1,175.6 | 1,034.2 | 896.3 | 2,407.4 | 1,931.5 | 540.2 | 432.8 | 380.1 |
Gross margin | 31.4% | 31.8% | 32.3% | 100.0% | 100.0% | 31.2% | 29.2% | 30.1% |
Selling, general and administrative | 846.4 | 733.6 | 628.5 | 0.0 | 0.0 | 385.0 | 305.2 | 279.2 |
EBITA | 267.8 | 245.5 | 215.9 | -132.0 | 144.7 | 125.5 | 104.7 | 80.9 |
EBITA margin | 7.1% | 7.6% | 7.8% | -5.5% | 7.5% | 7.3% | 7.1% | 6.4% |
Amortization of intangibles | 48.7 | 43.9 | 46.5 | 38.7 | 17.5 | 14.4 | 14.2 | 10.1 |
EBIT | 219.0 | 201.6 | 169.4 | -170.7 | 127.2 | 111.1 | 90.6 | 70.7 |
EBIT margin | 5.8% | 6.2% | 6.1% | -7.1% | 6.6% | 6.4% | 6.1% | 5.6% |
Pre-tax income | 194.0 | 209.0 | 145.5 | -200.5 | 115.2 | 96.6 | 81.6 | 61.6 |
Income taxes | 49.0 | 52.9 | 35.9 | 27.1 | 24.9 | 21.6 | 27.4 | 23.4 |
Tax rate | 25.2% | 25.3% | 24.7% | | 21.6% | 22.3% | 33.6% | 38.0% |
Net income | 121.1 | 135.2 | 87.3 | -227.6 | 90.3 | 51.5 | 49.0 | 38.2 |
Net margin | 3.2% | 4.2% | 3.1% | -9.5% | 4.7% | 3.0% | 3.3% | 3.0% |
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Diluted EPS | $2.72 | $3.05 | $2.02 | ($5.89) | $2.47 | $1.41 | $1.35 | $1.05 |
Shares outstanding (diluted) | 44.5 | 44.4 | 43.2 | 38.7 | 36.6 | 36.6 | 36.4 | 36.4 |
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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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