Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 |
Revenues | 7,238.1 | 6,461.4 | 5,109.0 | 6,074.4 | 5,800.3 | 5,800.3 | 5,266.8 | 5,250.4 |
Revenue growth | 12.0% | 26.5% | -15.9% | 4.7% | 10.1% | | 0.3% | 3.1% |
Cost of goods sold | 4,144.1 | 3,765.4 | 3,096.4 | 3,549.3 | 3,389.3 | 3,390.3 | 3,103.0 | 3,089.7 |
Gross profit | 3,094.0 | 2,696.0 | 2,012.6 | 2,525.1 | 2,411.0 | 2,410.0 | 2,163.8 | 2,160.7 |
Gross margin | 42.7% | 41.7% | 39.4% | 41.6% | 41.6% | 41.6% | 41.1% | 41.2% |
Selling, general and administrative | 2,117.3 | 1,951.3 | 1,666.0 | 1,958.3 | 1,810.6 | 1,821.1 | 1,646.5 | 1,606.2 |
EBITA | 890.6 | 805.8 | 421.8 | 621.8 | 588.9 | 588.9 | 517.3 | 554.5 |
EBITA margin | 12.3% | 12.5% | 8.3% | 10.2% | 10.2% | 10.2% | 9.8% | 10.6% |
Amortization of intangibles | 1.7 | 2.2 | 1.2 | 1.4 | 1.7 | 1.7 | 1.6 | 1.2 |
EBIT | 888.9 | 803.6 | 420.5 | 620.4 | 587.2 | 587.2 | 515.7 | 553.2 |
EBIT margin | 12.3% | 12.4% | 8.2% | 10.2% | 10.1% | 10.1% | 9.8% | 10.5% |
Pre-tax income | 897.0 | 803.8 | 421.9 | 625.5 | 591.6 | 591.6 | 517.5 | 554.1 |
Income taxes | 239.0 | 205.2 | 115.6 | 171.1 | 157.3 | 157.3 | 226.9 | 210.7 |
Tax rate | 26.6% | 25.5% | 27.4% | 27.4% | 26.6% | 26.6% | 43.9% | 38.0% |
Net income | 657.9 | 598.6 | 306.3 | 454.4 | 434.3 | 434.3 | 290.6 | 343.4 |
Net margin | 9.1% | 9.3% | 6.0% | 7.5% | 7.5% | 7.5% | 5.5% | 6.5% |
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Diluted EPS | $6.03 | $5.36 | $2.70 | $3.90 | $3.57 | $3.57 | $2.33 | $2.67 |
Shares outstanding (diluted) | 109.2 | 111.7 | 113.3 | 116.4 | 121.6 | 121.6 | 124.9 | 128.8 |
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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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