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 | 1,146.2 | 1,103.0 | 1,200.5 | 1,235.1 | 1,047.9 | 990.2 | 968.1 | 955.8 |
Revenue growth | 3.9% | -8.1% | -2.8% | 17.9% | 5.8% | 2.3% | 1.3% | 0.8% |
Cost of goods sold | 490.2 | 496.2 | 549.5 | 541.8 | 482.8 | 480.7 | 465.6 | 448.1 |
Gross profit | 656.0 | 606.8 | 651.0 | 693.4 | 565.1 | 509.4 | 502.5 | 507.8 |
Gross margin | 57.2% | 55.0% | 54.2% | 56.1% | 53.9% | 51.4% | 51.9% | 53.1% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 21.1 | 18.4 | 29.6 | 30.9 | 28.9 | 26.4 | 25.8 | 26.1 |
General and administrative | 103.6 | 102.8 | 102.3 | 95.7 | 85.5 | 77.2 | 77.7 | 17.5 |
EBITA | 511.2 | 471.3 | 495.6 | 423.5 | -408.7 | 280.4 | 264.7 | 279.3 |
EBITA margin | 44.6% | 42.7% | 41.3% | 34.3% | -39.0% | 28.3% | 27.3% | 29.2% |
Amortization of intangibles | 8.8 | 10.2 | 9.9 | 8.2 | 2.0 | 2.1 | 3.1 | 3.7 |
EBIT | 502.4 | 461.2 | 485.6 | 415.3 | -410.7 | 278.3 | 261.7 | 275.6 |
EBIT margin | 43.8% | 41.8% | 40.5% | 33.6% | -39.2% | 28.1% | 27.0% | 28.8% |
Pre-tax income | 436.3 | 327.0 | 406.5 | 413.3 | 338.8 | 287.6 | 269.8 | 276.0 |
Income taxes | 85.3 | 20.2 | 79.7 | 79.8 | 109.5 | 87.3 | 81.5 | 85.5 |
Tax rate | 19.6% | 6.2% | 19.6% | 19.3% | 32.3% | 30.4% | 30.2% | 31.0% |
Net income | 333.9 | 288.4 | 311.6 | 322.8 | 219.9 | 191.4 | 181.1 | 185.5 |
Net margin | 29.1% | 26.1% | 26.0% | 26.1% | 21.0% | 19.3% | 18.7% | 19.4% |
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Diluted EPS | $2.20 | $1.88 | $1.92 | $1.90 | $1.43 | $1.28 | $1.20 | $1.17 |
Shares outstanding (diluted) | 152.0 | 153.6 | 161.9 | 169.7 | 153.6 | 150.0 | 150.6 | 158.3 |
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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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