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 | 5,008.7 | 3,486.2 | 2,718.0 | 2,624.1 | 2,384.2 | 1,906.3 | 1,742.9 | 1,616.6 |
Revenue growth | 43.7% | 28.3% | 3.6% | 10.1% | 25.1% | 9.4% | 7.8% | 6.9% |
Cost of goods sold | 3,522.0 | 2,511.8 | 1,971.7 | 1,942.9 | 1,808.1 | 1,445.2 | 1,342.5 | 1,258.6 |
Gross profit | 1,486.7 | 974.4 | 746.4 | 681.3 | 576.2 | 461.1 | 400.3 | 358.0 |
Gross margin | 29.7% | 27.9% | 27.5% | 26.0% | 24.2% | 24.2% | 23.0% | 22.1% |
Selling, general and administrative | 689.6 | 498.0 | 391.3 | 391.7 | 367.2 | 294.2 | 278.7 | 274.5 |
EBITA | 864.8 | 512.9 | 376.9 | 310.3 | 224.7 | 139.9 | 122.4 | 84.6 |
EBITA margin | 17.3% | 14.7% | 13.9% | 11.8% | 9.4% | 7.3% | 7.0% | 5.2% |
Amortization of intangibles | 67.6 | 36.5 | 21.9 | 20.8 | 15.8 | 3.0 | 0.8 | 1.0 |
EBIT | 797.2 | 476.4 | 355.0 | 289.5 | 209.0 | 136.9 | 121.6 | 83.5 |
EBIT margin | 15.9% | 13.7% | 13.1% | 11.0% | 8.8% | 7.2% | 7.0% | 5.2% |
Pre-tax income | 742.1 | 433.4 | 323.1 | 253.8 | 180.8 | 128.0 | 116.3 | 74.1 |
Income taxes | 186.1 | 109.4 | 76.1 | 62.8 | 46.1 | -30.1 | 43.7 | -5.0 |
Tax rate | 25.1% | 25.2% | 23.5% | 24.7% | 25.5% | | 37.6% | |
Net income | 556.0 | 324.0 | 247.0 | 191.0 | 134.8 | 158.1 | 72.6 | 79.0 |
Net margin | 11.1% | 9.3% | 9.1% | 7.3% | 5.7% | 8.3% | 4.2% | 4.9% |
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Diluted EPS | $17.14 | $9.78 | $7.42 | $5.56 | $3.78 | $4.32 | $1.92 | $2.09 |
Shares outstanding (diluted) | 32.4 | 33.1 | 33.3 | 34.4 | 35.6 | 36.6 | 37.9 | 37.8 |
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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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