Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Jan-01-21 | Jan-03-20 | Dec-28-18 | Dec-29-17 | Dec-30-16 | Jan-01-16 | Jan-02-15 |
Revenues | 3,659.1 | 3,147.7 | 3,264.3 | 3,108.4 | 2,646.5 | 2,450.7 | 2,290.4 | 2,395.5 |
Revenue growth | 16.2% | -3.6% | 5.0% | 17.5% | 8.0% | 7.0% | -4.4% | 4.7% |
Cost of goods sold | 1,712.1 | 1,485.1 | 1,577.5 | 1,530.6 | 1,354.7 | 1,216.2 | 1,088.2 | 1,104.7 |
Gross profit | 1,947.0 | 1,662.6 | 1,686.8 | 1,577.8 | 1,291.8 | 1,234.5 | 1,202.2 | 1,290.8 |
Gross margin | 53.2% | 52.8% | 51.7% | 50.8% | 48.8% | 50.4% | 52.5% | 53.9% |
Sales and marketing | 506.8 | 467.0 | 504.2 | 479.8 | 400.1 | 374.7 | 374.6 | 387.6 |
Research and development | 536.6 | 475.9 | 469.7 | 446.1 | 370.2 | 349.6 | 336.7 | 318.0 |
General and administrative | 369.1 | 300.9 | 330.6 | 349.8 | 301.7 | 256.0 | 255.3 | 247.1 |
EBITA | 672.2 | 564.0 | 534.7 | 479.8 | 361.9 | 325.2 | 310.3 | 408.6 |
EBITA margin | 18.4% | 17.9% | 16.4% | 15.4% | 13.7% | 13.3% | 13.5% | 17.1% |
Amortization of intangibles | 138.6 | 157.8 | 167.8 | 179.6 | 148.8 | 150.8 | 162.4 | 158.5 |
EBIT | 533.6 | 406.2 | 366.9 | 300.2 | 213.1 | 174.4 | 147.9 | 250.1 |
EBIT margin | 14.6% | 12.9% | 11.2% | 9.7% | 8.1% | 7.1% | 6.5% | 10.4% |
Pre-tax income | 574.6 | 395.0 | 344.8 | 278.0 | 248.2 | 176.1 | 151.8 | 266.0 |
Income taxes | 81.8 | 4.4 | -169.7 | -5.3 | 129.7 | 43.9 | 31.1 | 52.1 |
Tax rate | 14.2% | 1.1% | | | 52.3% | 24.9% | 20.5% | 19.6% |
Net income | 492.7 | 389.9 | 514.3 | 282.8 | 118.4 | 132.4 | 121.1 | 214.1 |
Net margin | 13.5% | 12.4% | 15.8% | 9.1% | 4.5% | 5.4% | 5.3% | 8.9% |
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Diluted EPS | $1.94 | $1.55 | $2.03 | $1.12 | $0.46 | $0.52 | $0.47 | $0.81 |
Shares outstanding (diluted) | 254.3 | 252.3 | 252.9 | 253.4 | 256.7 | 253.9 | 258.5 | 264.5 |
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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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