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 | 1,795.3 | 1,663.5 | 1,690.3 | 1,761.2 | 1,937.8 | 1,751.0 | 1,554.3 | 2,783.7 |
Revenue growth | 7.9% | -1.6% | -4.0% | -9.1% | 10.7% | 12.7% | -44.2% | 55.6% |
Cost of goods sold | 0.0 | 188.3 | 192.8 | 186.1 | 1,156.0 | 142.9 | 145.3 | 1,981.6 |
Gross profit | 1,795.3 | 1,475.2 | 1,497.5 | 1,575.1 | 781.8 | 1,608.1 | 1,409.0 | 802.1 |
Gross margin | 100.0% | 88.7% | 88.6% | 89.4% | 40.3% | 91.8% | 90.7% | 28.8% |
Sales and marketing | 49.2 | 38.0 | 38.2 | 81.8 | 69.3 | 62.5 | 57.0 | 100.0 |
General and administrative | 108.1 | 185.4 | 195.7 | 213.1 | 202.1 | 182.7 | 161.0 | 195.3 |
EBITA | 221.8 | 249.4 | 175.5 | 175.8 | 191.1 | 81.5 | 112.1 | 422.3 |
EBITA margin | 12.4% | 15.0% | 10.4% | 10.0% | 9.9% | 4.7% | 7.2% | 15.2% |
Amortization of intangibles | | 23.3 | 28.3 | 29.4 | 27.3 | 26.3 | 16.0 | 27.2 |
EBIT | 221.8 | 226.1 | 147.2 | 146.4 | 163.8 | 55.2 | 96.1 | 395.1 |
EBIT margin | 12.4% | 13.6% | 8.7% | 8.3% | 8.5% | 3.2% | 6.2% | 14.2% |
Pre-tax income | 97.5 | 176.5 | 72.2 | 116.6 | 171.9 | 4.1 | 120.5 | 438.8 |
Income taxes | 38.6 | 23.0 | 21.3 | 49.8 | 63.8 | 92.8 | 56.3 | 120.6 |
Tax rate | 39.6% | 13.0% | 29.5% | 42.7% | 37.1% | 2243.0% | 46.8% | 27.5% |
Earnings from continuing ops | 58.9 | 174.0 | 64.8 | 58.9 | 108.1 | -177.3 | 64.1 | 160.0 |
Earnings from discontinued ops | | | | | 178.5 | 170.4 | 189.7 | |
Net income | 58.9 | 174.0 | 64.8 | 58.9 | 286.6 | -6.9 | 253.8 | 160.0 |
Net margin | 3.3% | 10.5% | 3.8% | 3.3% | 14.8% | -0.4% | 16.3% | 5.7% |
|
Diluted EPS | $0.16 | $0.32 | $0.12 | $0.12 | $0.33 | ($0.62) | $0.23 | $0.56 |
Shares outstanding (diluted) | 371.1 | 540.0 | 546.8 | 472.2 | 323.8 | 287.4 | 277.1 | 286.3 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|