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In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
| 10-K | 10-K | 10-K | 10-K | S-1/A |
Revenues: |
Total revenues | 2,990.7 | 2,704.6 | 2,772.1 | 2,665.9 | 2,498.2 |
Revenue growth [+] | 10.6% | -2.4% | 4.0% | 6.7% | |
United States | 11.6% | 1.7% | 8.6% | 2.6% | |
Cost of goods sold [+] | 1,657.6 | 1,516.5 | 1,581.3 | 1,530.8 | 1,425.4 |
Cost of product sales | | | | | 1,223.6 |
Cost of services | | | | | 201.8 |
Gross profit | 1,333.1 | 1,188.1 | 1,190.8 | 1,135.1 | 1,072.8 |
Gross margin | 44.6% | 43.9% | 43.0% | 42.6% | 42.9% |
Selling, general and administrative | 621.6 | 508.4 | 491.3 | 499.3 | 445.8 |
Research and development | 129.3 | 126.2 | 136.4 | 136.2 | 126.2 |
Other operating expenses | -13.1 | -4.9 | -6.2 | -2.5 | |
EBITDA [+] | 683.6 | 636.7 | 653.8 | 588.5 | |
EBITDA growth | 7.4% | -2.6% | 11.1% | 17.5% | |
EBITDA margin | 22.9% | 23.5% | 23.6% | 22.1% | 20.0% |
Depreciation | 45.9 | 49.3 | 52.7 | 55.8 | |
EBITA | 637.7 | 587.4 | 601.1 | 532.7 | 500.8 |
EBITA margin | 21.3% | 21.7% | 21.7% | 20.0% | 20.0% |
Amortization of intangibles | 42.4 | 29.0 | 31.8 | 30.6 | |
EBIT [+] | 595.3 | 558.4 | 569.3 | 502.1 | 500.8 |
EBIT growth | 6.6% | -1.9% | 13.4% | 0.3% | |
EBIT margin | 19.9% | 20.6% | 20.5% | 18.8% | 20.0% |
Non-recurring items [+] | 13.1 | 90.2 | 6.2 | 2.5 | |
Asset impairment | 13.1 | 90.2 | 6.2 | 2.5 | |
Interest expense, net [+] | 47.8 | 10.0 | -3.3 | -8.4 | -8.4 |
Interest expense | 47.8 | 10.0 | | | |
Interest income | | | 3.3 | 8.4 | 8.4 |
Other income (expense), net [+] | -0.4 | 2.1 | -0.6 | -0.7 | 14.7 |
Gain (loss) on investments | 3.3 | | | | |
Write-off of deferred debt issuance costs | -3.4 | | | | |
Other | -0.3 | 2.1 | -0.6 | -0.7 | |
Pre-tax income | 534.0 | 460.3 | 565.8 | 507.3 | 523.9 |
Income taxes | 121.0 | 118.3 | 129.3 | 121.8 | 150.6 |
Tax rate | 22.7% | 25.7% | 22.9% | 24.0% | 28.7% |
Net income | 413.0 | 342.0 | 436.5 | 385.5 | 373.3 |
Net margin | 13.8% | 12.6% | 15.7% | 14.5% | 14.9% |
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Basic EPS [+] | $2.44 | $2.03 | $2.59 | $2.29 | |
Growth | 20.3% | -21.6% | 13.2% | | |
Diluted EPS [+] | $2.43 | $2.02 | $2.59 | $2.29 | |
Growth | 20.3% | -22.1% | 13.2% | | |
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Dividends per share | $0.03 | | | | |
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Shares outstanding (basic) [+] | 169.0 | 168.4 | 168.4 | 168.4 | |
Growth | 0.4% | 0.0% | 0.0% | | |
Shares outstanding (diluted) [+] | 170.1 | 169.4 | 168.4 | 168.4 | |
Growth | 0.4% | 0.6% | 0.0% | | |
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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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