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 | 1,331.5 | 1,209.3 | 1,232.8 | 885.7 | 848.3 | 941.5 | 938.4 | 908.4 |
Revenue growth | 10.1% | -1.9% | 39.2% | 4.4% | -9.9% | 0.3% | 3.3% | 85.5% |
Cost of goods sold | 51.9 | 52.9 | 56.1 | 44.7 | 51.4 | 91.9 | 188.6 | 252.6 |
Gross profit | 1,279.6 | 1,156.4 | 1,176.7 | 841.0 | 796.9 | 849.7 | 749.8 | 655.8 |
Gross margin | 96.1% | 95.6% | 95.4% | 95.0% | 93.9% | 90.2% | 79.9% | 72.2% |
General and administrative | 81.9 | 76.0 | 75.3 | 68.3 | 70.9 | 82.4 | 103.2 | 91.6 |
EBITA | 882.4 | 870.6 | 848.1 | 766.1 | 627.1 | 690.9 | 619.3 | 652.7 |
EBITA margin | 66.3% | 72.0% | 68.8% | 86.5% | 73.9% | 73.4% | 66.0% | 71.8% |
Amortization of intangibles | 236.6 | 226.2 | 272.0 | 174.1 | 157.8 | 163.8 | 180.8 | 174.0 |
EBIT | 645.8 | 644.4 | 576.1 | 592.0 | 469.3 | 527.1 | 438.5 | 478.7 |
EBIT margin | 48.5% | 53.3% | 46.7% | 66.8% | 55.3% | 56.0% | 46.7% | 52.7% |
Pre-tax income | 438.6 | 445.2 | 332.8 | 438.8 | 287.8 | 278.1 | 216.4 | 228.8 |
Income taxes | 28.5 | -20.8 | 26.2 | 14.4 | 2.7 | 3.3 | -37.6 | 17.6 |
Tax rate | 6.5% | | 7.9% | 3.3% | 0.9% | 1.2% | | 7.7% |
Earnings from continuing ops | 410.0 | 455.4 | 305.2 | 411.6 | 277.3 | 267.7 | 172.3 | 219.1 |
Earnings from discontinued ops | | | | | | | | 33.3 |
Net income | 410.0 | 455.4 | 305.2 | 411.6 | 277.3 | 267.7 | 172.3 | 252.5 |
Net margin | 30.8% | 37.7% | 24.8% | 46.5% | 32.7% | 28.4% | 18.4% | 27.8% |
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Diluted EPS | $2.24 | $2.60 | $1.78 | $3.50 | $2.57 | $2.50 | $1.62 | $2.20 |
Shares outstanding (diluted) | 183.1 | 174.8 | 171.3 | 117.7 | 108.0 | 107.1 | 106.5 | 99.8 |
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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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