Financial Summary (All financials)
In millions, except per share items | Mar-31-23 | Mar-31-22 | Mar-31-21 | Mar-31-20 | Mar-31-19 | Mar-31-18 | Mar-31-17 | Mar-31-16 |
Revenues | 3,627.3 | 3,150.3 | 2,545.6 | 2,132.7 | 2,020.4 | 1,903.3 | 1,790.1 | 1,875.2 |
Revenue growth | 15.1% | 23.8% | 19.4% | 5.6% | 6.2% | 6.3% | -4.5% | 3.2% |
Cost of goods sold | 1,801.9 | 1,542.8 | 1,171.6 | 1,029.0 | 980.2 | 971.7 | 954.9 | 1,028.5 |
Gross profit | 1,825.4 | 1,607.6 | 1,374.1 | 1,103.7 | 1,040.3 | 931.6 | 835.2 | 846.7 |
Gross margin | 50.3% | 51.0% | 54.0% | 51.8% | 51.5% | 48.9% | 46.7% | 45.2% |
Selling, general and administrative | 1,172.6 | 1,042.8 | 869.9 | 765.5 | 712.9 | 709.1 | 837.2 | 684.5 |
EBITA | 655.0 | 567.0 | 506.8 | 341.6 | 333.6 | 222.6 | -1.9 | 162.1 |
EBITA margin | 18.1% | 18.0% | 19.9% | 16.0% | 16.5% | 11.7% | -0.1% | 8.6% |
Amortization of intangibles | 2.2 | 2.2 | 2.6 | 3.5 | 6.2 | | | |
EBIT | 652.8 | 564.7 | 504.2 | 338.1 | 327.3 | 222.6 | -1.9 | 162.1 |
EBIT margin | 18.0% | 17.9% | 19.8% | 15.9% | 16.2% | 11.7% | -0.1% | 8.6% |
Pre-tax income | 815.3 | 677.3 | 620.5 | 405.6 | 393.6 | 327.0 | -19.7 | 156.9 |
Income taxes | 149.3 | 112.7 | 118.9 | 64.7 | 64.6 | 106.3 | -12.7 | 34.6 |
Tax rate | 18.3% | 16.6% | 19.2% | 16.0% | 16.4% | 32.5% | 64.5% | 22.1% |
Net income | 666.1 | 564.6 | 501.5 | 340.9 | 328.9 | 220.7 | -7.0 | 122.3 |
Net margin | 18.4% | 17.9% | 19.7% | 16.0% | 16.3% | 11.6% | -0.4% | 6.5% |
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Diluted EPS | $24.96 | $20.32 | $17.66 | $11.88 | $11.00 | $6.90 | ($0.22) | $3.70 |
Shares outstanding (diluted) | 26.7 | 27.8 | 28.4 | 28.7 | 29.9 | 32.0 | 32.4 | 33.0 |
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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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