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 | 1,803.3 | 1,423.1 | 1,624.4 | 1,457.7 | 1,169.1 | 931.6 | 1,033.2 | 1,175.1 |
Revenue growth | 26.7% | -12.4% | 11.4% | 24.7% | 25.5% | -9.8% | -12.1% | 8.0% |
Cost of goods sold | 132.1 | 128.8 | 125.8 | 96.3 | 84.9 | 772.0 | 753.5 | 887.7 |
Gross profit | 1,671.1 | 1,294.3 | 1,498.6 | 1,361.4 | 1,084.3 | 159.7 | 279.7 | 287.4 |
Gross margin | 92.7% | 90.9% | 92.3% | 93.4% | 92.7% | 17.1% | 27.1% | 24.5% |
Selling, general and administrative | 78.9 | 66.9 | 74.2 | 61.5 | 49.7 | 44.5 | 46.2 | 47.9 |
EBIT | 346.6 | 63.7 | 84.0 | 274.8 | 168.6 | 115.1 | 165.7 | 161.8 |
EBIT margin | 19.2% | 4.5% | 5.2% | 18.9% | 14.4% | 12.4% | 16.0% | 13.8% |
Pre-tax income | 260.6 | -11.1 | 9.6 | 177.3 | 103.9 | 59.5 | 105.0 | 104.2 |
Income taxes | 89.6 | 6.1 | 19.2 | 48.7 | 33.5 | 24.5 | 29.4 | 0.0 |
Tax rate | 34.4% | | 200.5% | 27.5% | 32.2% | 41.2% | 28.1% | 0.0% |
Net income | 171.0 | -17.2 | -9.6 | 128.6 | 70.5 | 34.9 | 75.5 | 128.8 |
Net margin | 9.5% | -1.2% | -0.6% | 8.8% | 6.0% | 3.8% | 7.3% | 11.0% |
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Diluted EPS | $2.58 | ($0.26) | ($0.15) | $1.96 | $1.08 | $0.54 | $1.17 | $2.06 |
Shares outstanding (diluted) | 66.3 | 65.8 | 65.6 | 65.8 | 65.4 | 65.1 | 64.8 | 62.5 |
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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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