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-05-18 | Dec-31-17 | Dec-05-17 |
Revenues | 5,207.1 | 4,472.7 | 2,796.2 | 2,371.5 | 2,475.8 | 2,475.8 | 2,147.8 | 2,147.8 |
Revenue growth | 16.4% | 60.0% | 17.9% | -4.2% | 15.3% | 15.3% | 27.9% | |
Cost of goods sold | 3,933.9 | 3,429.7 | 2,090.1 | 1,832.3 | 1,955.5 | 1,955.5 | 1,654.7 | 1,654.7 |
Gross profit | 1,273.3 | 1,043.0 | 706.1 | 539.2 | 520.3 | 520.3 | 493.1 | 493.1 |
Gross margin | 24.5% | 23.3% | 25.3% | 22.7% | 21.0% | 21.0% | 23.0% | 23.0% |
Selling, general and administrative | 720.3 | 644.6 | 483.2 | 339.0 | 321.6 | 321.6 | 278.8 | 278.8 |
EBITA | 609.4 | 446.0 | 260.8 | 224.0 | 220.1 | 198.8 | 233.9 | 214.3 |
EBITA margin | 11.7% | 10.0% | 9.3% | 9.4% | 8.9% | 8.0% | 10.9% | 10.0% |
Amortization of intangibles | 56.4 | 47.6 | 37.9 | 23.8 | 21.3 | | 19.6 | |
EBIT | 553.0 | 398.4 | 222.9 | 200.2 | 198.8 | 198.8 | 214.3 | 214.3 |
EBIT margin | 10.6% | 8.9% | 8.0% | 8.4% | 8.0% | 8.0% | 10.0% | 10.0% |
Pre-tax income | 525.5 | 382.0 | 209.5 | 191.4 | 192.4 | 192.4 | 212.8 | 212.8 |
Income taxes | 130.5 | 94.3 | 51.0 | 44.9 | 43.8 | 43.8 | 80.0 | 80.0 |
Tax rate | 24.8% | 24.7% | 24.4% | 23.5% | 22.8% | 22.8% | 37.6% | 37.6% |
Net income | 525.5 | 382.0 | 209.5 | 191.4 | 148.6 | 148.6 | 132.9 | 132.9 |
Net margin | 10.1% | 8.5% | 7.5% | 8.1% | 6.0% | 6.0% | 6.2% | 6.2% |
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Diluted EPS | $20.59 | $15.03 | $8.29 | $7.63 | $5.83 | $5.83 | $5.24 | $5.24 |
Shares outstanding (diluted) | 25.5 | 25.4 | 25.3 | 25.1 | 25.5 | 25.5 | 25.4 | 25.4 |
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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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