Financial Summary (All financials)
In millions, except per share items | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
Revenues | 616.6 | 553.5 | 553.5 | 428.9 | 405.2 | 247.4 | 335.6 | 198.9 |
Revenue growth | 11.4% | 29.1% | | 5.8% | 63.8% | -26.3% | 68.8% | 4.1% |
Cost of goods sold | 127.9 | 115.0 | 115.0 | 85.5 | 75.4 | 53.5 | 54.7 | 26.3 |
Gross profit | 488.7 | 438.5 | 438.5 | 343.4 | 329.8 | 193.9 | 280.9 | 172.6 |
Gross margin | 79.3% | 79.2% | 79.2% | 80.1% | 81.4% | 78.4% | 83.7% | 86.8% |
Selling, general and administrative | 77.9 | 210.9 | 80.4 | 185.9 | 171.5 | 47.0 | 46.8 | 32.9 |
Research and development | 117.1 | | 99.7 | | | 53.7 | 49.1 | 42.7 |
EBITA | 284.6 | 250.8 | 249.6 | 191.5 | 203.4 | 78.7 | 168.2 | 84.9 |
EBITA margin | 46.1% | 45.3% | 45.1% | 44.7% | 50.2% | 31.8% | 50.1% | 42.7% |
Amortization of intangibles | 17.5 | 22.0 | 22.0 | 22.0 | 22.0 | 22.0 | 22.0 | 16.5 |
EBIT | 267.1 | 228.9 | 227.6 | 169.5 | 181.5 | 56.7 | 146.2 | 68.4 |
EBIT margin | 43.3% | 41.3% | 41.1% | 39.5% | 44.8% | 22.9% | 43.6% | 34.4% |
Pre-tax income | 268.2 | 228.2 | 228.2 | 163.5 | 169.9 | 64.3 | 149.5 | 68.6 |
Income taxes | 58.2 | 44.0 | 44.0 | 30.2 | 31.6 | 5.5 | 45.7 | 20.5 |
Tax rate | 21.7% | 19.3% | 19.3% | 18.4% | 18.6% | 8.5% | 30.5% | 29.9% |
Net income | 210.1 | 184.2 | 184.2 | 133.4 | 138.3 | 58.8 | 103.9 | 48.1 |
Net margin | 34.1% | 33.3% | 33.3% | 31.1% | 34.1% | 23.8% | 31.0% | 24.2% |
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Diluted EPS | $4.43 | $3.89 | $3.89 | $2.82 | $2.94 | $1.25 | $2.22 | $1.03 |
Shares outstanding (diluted) | 47.5 | 47.4 | 47.4 | 47.2 | 47.0 | 46.9 | 46.8 | 46.5 |
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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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