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 | 3,133.4 | 1,589.5 | 1,701.1 | 1,242.8 | 1,048.7 | 871.2 | 843.8 | 886.9 |
| Revenue growth | 97.1% | -6.6% | 36.9% | 18.5% | 20.4% | 3.2% | -4.9% | 5.2% |
| Cost of goods sold | 1,270.1 | 931.9 | 934.3 | 664.5 | 568.3 | 486.2 | 486.2 | 529.0 |
| Gross profit | 1,863.3 | 657.6 | 766.8 | 578.4 | 480.4 | 385.0 | 357.6 | 357.9 |
| Gross margin | 59.5% | 41.4% | 45.1% | 46.5% | 45.8% | 44.2% | 42.4% | 40.4% |
| Selling, general and administrative | 849.7 | 542.5 | 583.5 | | | | | |
| Sales and marketing | | | | 308.7 | 270.9 | 235.6 | 228.9 | 234.2 |
| Research and development | 68.0 | 46.3 | 50.6 | 40.8 | 36.6 | 33.3 | 33.2 | 31.3 |
| General and administrative | | | | 100.5 | 94.2 | 72.0 | 68.6 | 61.7 |
| EBITA | 217.8 | 73.9 | 137.5 | 129.5 | 79.4 | 44.2 | 27.0 | 30.8 |
| EBITA margin | 6.9% | 4.6% | 8.1% | 10.4% | 7.6% | 5.1% | 3.2% | 3.5% |
| Amortization of intangibles | 13.0 | 5.1 | 4.9 | 1.1 | 0.5 | 0.1 | 0.1 | 0.1 |
| EBIT | 204.7 | 68.8 | 132.7 | 128.4 | 78.8 | 44.2 | 26.9 | 30.7 |
| EBIT margin | 6.5% | 4.3% | 7.8% | 10.3% | 7.5% | 5.1% | 3.2% | 3.5% |
| Pre-tax income | 350.6 | -127.5 | 95.8 | 131.3 | 68.1 | 58.4 | 20.1 | 21.6 |
| Income taxes | 28.7 | -0.5 | 16.5 | 26.0 | 26.4 | -132.6 | 5.5 | 5.6 |
| Tax rate | 8.2% | 0.4% | 17.3% | 19.8% | 38.8% | | 27.4% | 26.0% |
| Net income | 322.0 | -126.9 | 79.4 | 104.7 | 40.8 | 189.9 | 14.6 | 16.0 |
| Net margin | 10.3% | -8.0% | 4.7% | 8.4% | 3.9% | 21.8% | 1.7% | 1.8% |
| |
| Diluted EPS | $1.82 | ($1.35) | $0.82 | $1.08 | $0.42 | $1.98 | $0.17 | $0.20 |
| Shares outstanding (diluted) | 176.9 | 94.2 | 96.3 | 97.2 | 96.6 | 95.8 | 84.6 | 78.4 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|