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 | 7,741.4 | 5,480.8 | 2,797.3 | 2,805.8 | 2,595.8 | 1,758.4 | 1,666.5 | 1,575.0 |
| Revenue growth | 41.2% | 95.9% | -0.3% | 8.1% | 47.6% | 5.5% | 5.8% | 4.8% |
| Cost of goods sold | 5,527.0 | 3,972.6 | 1,979.9 | 1,974.1 | 1,818.2 | 1,027.3 | 961.3 | 322.3 |
| Gross profit | 2,214.3 | 1,508.2 | 817.4 | 831.7 | 777.6 | 731.1 | 705.2 | 1,252.6 |
| Gross margin | 28.6% | 27.5% | 29.2% | 29.6% | 30.0% | 41.6% | 42.3% | 79.5% |
| Selling, general and administrative | 778.8 | 585.3 | 342.4 | 332.7 | 325.8 | 323.7 | 325.7 | 326.8 |
| EBITA | 792.1 | 376.4 | 391.1 | 437.5 | 401.2 | 364.0 | 337.3 | 299.0 |
| EBITA margin | 10.2% | 6.9% | 14.0% | 15.6% | 15.5% | 20.7% | 20.2% | 19.0% |
| Amortization of intangibles | | | | | 15.4 | 17.9 | 17.5 | 17.5 |
| EBIT | 792.1 | 376.4 | 391.1 | 437.5 | 385.8 | 346.1 | 319.9 | 281.5 |
| EBIT margin | 10.2% | 6.9% | 14.0% | 15.6% | 14.9% | 19.7% | 19.2% | 17.9% |
| Pre-tax income | 567.9 | 196.7 | 381.2 | 427.0 | 364.6 | 328.1 | 300.2 | 278.9 |
| Income taxes | -59.4 | -41.3 | -47.9 | -51.1 | -42.0 | -46.6 | -38.0 | 39.3 |
| Tax rate | | | | | | | | 14.1% |
| Net income | 567.9 | 196.7 | 381.2 | 427.0 | 364.6 | 328.1 | 300.2 | 239.5 |
| Net margin | 7.3% | 3.6% | 13.6% | 15.2% | 14.0% | 18.7% | 18.0% | 15.2% |
| |
| Diluted EPS | $6.89 | $2.89 | $7.15 | $7.86 | $6.65 | $5.98 | $5.32 | $3.97 |
| Shares outstanding (diluted) | 82.5 | 68.1 | 53.3 | 54.3 | 54.8 | 54.8 | 56.4 | 60.3 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|