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 | 2,238.0 | 2,022.2 | 1,790.8 | 2,008.7 | 1,998.0 | 1,965.6 | 1,849.1 | 1,772.8 |
Revenue growth | 10.7% | 12.9% | -10.8% | 0.5% | 1.7% | 6.3% | 4.3% | 5.9% |
Cost of goods sold | 1,032.1 | 884.3 | 730.8 | 812.9 | 791.7 | 742.7 | 667.8 | 639.2 |
Gross profit | 1,205.9 | 1,137.9 | 1,060.0 | 1,195.8 | 1,206.3 | 1,222.8 | 1,181.2 | 1,133.6 |
Gross margin | 53.9% | 56.3% | 59.2% | 59.5% | 60.4% | 62.2% | 63.9% | 63.9% |
Selling, general and administrative | 993.3 | 941.0 | 839.8 | 891.7 | 854.0 | 830.2 | 807.2 | 774.9 |
EBITA | 296.7 | 265.3 | 234.9 | 342.4 | 447.1 | 500.0 | 451.7 | 415.0 |
EBITA margin | 13.3% | 13.1% | 13.1% | 17.0% | 22.4% | 25.4% | 24.4% | 23.4% |
Amortization of intangibles | 146.6 | 123.1 | 90.6 | 109.5 | 114.5 | 106.8 | 77.1 | 60.7 |
EBIT | 150.1 | 142.2 | 144.3 | 232.8 | 332.5 | 393.2 | 374.7 | 354.3 |
EBIT margin | 6.7% | 7.0% | 8.1% | 11.6% | 16.6% | 20.0% | 20.3% | 20.0% |
Pre-tax income | 84.4 | 93.8 | 26.8 | -215.7 | 212.6 | 312.8 | 340.4 | 327.9 |
Income taxes | 18.8 | 31.0 | 21.5 | 8.0 | 63.0 | 82.7 | 111.0 | 109.3 |
Tax rate | 22.3% | 33.1% | 80.1% | | 29.6% | 26.4% | 32.6% | 33.3% |
Net income | 65.4 | 62.6 | 5.2 | -223.8 | 149.6 | 230.2 | 229.4 | 218.6 |
Net margin | 2.9% | 3.1% | 0.3% | -11.1% | 7.5% | 11.7% | 12.4% | 12.3% |
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Diluted EPS | $1.51 | $1.46 | $0.12 | $43,034,423.08 | $3.18 | $4.75 | $4.68 | $4.39 |
Shares outstanding (diluted) | 43.3 | 42.8 | 42.1 | 0.0 | 47.0 | 48.4 | 49.0 | 49.8 |
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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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