Financial Summary (All financials)
In millions, except per share items | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 |
Revenues | 782.4 | 688.3 | 688.3 | 633.1 | 616.1 |
Revenue growth | 13.7% | 8.7% | | 2.8% | |
Cost of goods sold | 213.9 | 195.7 | 195.7 | 208.7 | 225.6 |
Gross profit | 568.5 | 492.6 | 492.6 | 424.3 | 390.4 |
Gross margin | 72.7% | 71.6% | 71.6% | 67.0% | 63.4% |
Sales and marketing | 119.6 | 148.9 | 148.9 | 74.7 | 82.1 |
Research and development | 157.0 | 166.0 | 166.0 | 109.5 | 114.0 |
General and administrative | 167.8 | 250.1 | 250.1 | 90.8 | 78.1 |
EBITA | 151.1 | -46.0 | -46.0 | 175.6 | 144.0 |
EBITA margin | 19.3% | -6.7% | -6.7% | 27.7% | 23.4% |
Amortization of intangibles | 99.2 | 98.7 | 98.7 | 98.6 | 109.1 |
EBIT | 51.9 | -144.7 | -144.7 | 77.0 | 34.9 |
EBIT margin | 6.6% | -21.0% | -21.0% | 12.2% | 5.7% |
Pre-tax income | 49.9 | -274.9 | -274.9 | -21.6 | -277.6 |
Income taxes | 11.5 | -26.0 | -26.0 | -4.7 | -67.3 |
Tax rate | 23.0% | 9.5% | 9.5% | 21.7% | 24.2% |
Net income | 38.4 | -248.9 | -248.9 | -16.9 | -210.3 |
Net margin | 4.9% | -36.2% | -36.2% | -2.7% | -34.1% |
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Diluted EPS | | ($0.46) | | ($0.03) | ($0.42) |
Shares outstanding (diluted) | | 543.6 | | 504.1 | 503.5 |
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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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