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 | 7,444.6 | 6,310.2 | 4,613.4 | 5,220.1 | 4,642.1 | 4,164.2 | 3,563.3 | 3,147.3 |
Revenue growth | 18.0% | 36.8% | -11.6% | 12.5% | 11.5% | 16.9% | 13.2% | 32.4% |
Cost of goods sold | 3,929.2 | 3,185.8 | 2,407.6 | 2,728.9 | 2,418.5 | 2,225.3 | 1,928.7 | 1,723.3 |
Gross profit | 3,515.4 | 3,124.4 | 2,205.8 | 2,491.2 | 2,223.6 | 1,938.9 | 1,634.6 | 1,424.0 |
Gross margin | 47.2% | 49.5% | 47.8% | 47.7% | 47.9% | 46.6% | 45.9% | 45.2% |
Sales and marketing | 583.6 | 499.5 | 351.5 | 369.9 | 350.4 | 327.2 | 257.1 | 235.6 |
General and administrative | 2,385.1 | 2,026.7 | 1,720.6 | 1,625.3 | 1,456.0 | 1,245.5 | 1,020.8 | 849.3 |
EBITA | 546.7 | 598.2 | 133.7 | 2,513.7 | 2,244.2 | 1,955.6 | 383.6 | 352.0 |
EBITA margin | 7.3% | 9.5% | 2.9% | 48.2% | 48.3% | 47.0% | 10.8% | 11.2% |
Amortization of intangibles | | | | | | | 13.1 | 1.2 |
EBIT | 546.7 | 598.2 | 133.7 | 2,513.7 | 2,244.2 | 1,955.6 | 370.5 | 350.8 |
EBIT margin | 7.3% | 9.5% | 2.9% | 48.2% | 48.3% | 47.0% | 10.4% | 11.1% |
Pre-tax income | 522.3 | 569.8 | 154.7 | 516.0 | 431.9 | 384.3 | 359.5 | 333.5 |
Income taxes | 93.1 | -245.9 | 8.5 | 88.8 | 60.6 | 149.2 | 74.1 | 72.5 |
Tax rate | 17.8% | | 5.5% | 17.2% | 14.0% | 38.8% | 20.6% | 21.7% |
Net income | 373.0 | 741.5 | 98.6 | 346.6 | 301.0 | 179.2 | 243.5 | 231.9 |
Net margin | 5.0% | 11.8% | 2.1% | 6.6% | 6.5% | 4.3% | 6.8% | 7.4% |
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Diluted EPS | $2.38 | $4.73 | $0.64 | $2.25 | $1.92 | $1.14 | $1.57 | $1.50 |
Shares outstanding (diluted) | 156.6 | 156.8 | 154.9 | 154.2 | 156.5 | 156.5 | 155.1 | 154.2 |
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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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