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 | 1,211.7 | 1,017.5 | 911.4 | 891.6 | 888.5 | 762.2 | 682.7 | 590.0 |
Revenue growth | 19.1% | 11.6% | 2.2% | 0.4% | 16.6% | 11.7% | 15.7% | 15.9% |
Cost of goods sold | 336.4 | 310.9 | 310.0 | 301.8 | 279.7 | 239.3 | 213.4 | 185.1 |
Gross profit | 875.3 | 706.6 | 601.4 | 589.8 | 608.8 | 523.0 | 469.2 | 404.9 |
Gross margin | 72.2% | 69.4% | 66.0% | 66.2% | 68.5% | 68.6% | 68.7% | 68.6% |
Sales and marketing | 625.9 | 545.7 | 474.5 | 373.5 | 300.6 | 277.9 | 241.4 | 206.7 |
Research and development | 260.6 | 237.0 | 205.2 | 181.7 | 162.9 | 145.5 | 126.4 | 108.6 |
General and administrative | 83.5 | 67.5 | 56.6 | 51.6 | 52.2 | 46.0 | 36.7 | 37.4 |
EBITA | -67.1 | -171.3 | -128.3 | -5.6 | 105.5 | 67.0 | 77.0 | 66.0 |
EBITA margin | -5.5% | -16.8% | -14.1% | -0.6% | 11.9% | 8.8% | 11.3% | 11.2% |
Amortization of intangibles | 4.0 | 4.0 | 6.6 | 11.4 | 12.3 | 13.4 | 12.2 | 13.8 |
EBIT | -71.1 | -175.2 | -134.9 | -17.0 | 93.2 | 53.5 | 64.8 | 52.2 |
EBIT margin | -5.9% | -17.2% | -14.8% | -1.9% | 10.5% | 7.0% | 9.5% | 8.9% |
Pre-tax income | -132.0 | -124.9 | -134.8 | -11.5 | 86.2 | 55.3 | 60.5 | 48.0 |
Income taxes | -68.9 | -63.5 | -44.4 | -22.2 | -12.3 | 10.3 | 24.2 | 14.7 |
Tax rate | 52.2% | 50.9% | 32.9% | 192.0% | | 18.7% | 40.0% | 30.7% |
Net income | -63.0 | -61.4 | -90.4 | 10.6 | 98.5 | 45.0 | 36.3 | 33.3 |
Net margin | -5.2% | -6.0% | -9.9% | 1.2% | 11.1% | 5.9% | 5.3% | 5.6% |
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Diluted EPS | ($0.77) | ($0.76) | ($1.14) | $0.13 | $1.19 | $0.56 | $0.46 | $0.42 |
Shares outstanding (diluted) | 81.4 | 80.3 | 79.1 | 83.1 | 82.8 | 79.7 | 79.0 | 78.5 |
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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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