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-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 499.3 | 510.8 | 480.7 | 486.3 | 497.6 | 503.8 | 513.6 | 529.9 |
Revenue growth | -2.3% | 6.2% | -1.1% | -2.3% | -1.2% | -1.9% | -3.1% | -8.6% |
Cost of goods sold | 103.0 | 91.9 | 91.1 | 100.0 | 99.5 | 96.6 | 93.1 | 101.1 |
Gross profit | 396.3 | 418.9 | 389.7 | 386.4 | 398.1 | 407.2 | 420.4 | 428.8 |
Gross margin | 79.4% | 82.0% | 81.1% | 79.4% | 80.0% | 80.8% | 81.9% | 80.9% |
Sales and marketing | 146.9 | 160.1 | 148.9 | 191.2 | 205.5 | 175.0 | 158.3 | 148.5 |
Research and development | 127.4 | 117.1 | 103.6 | 109.4 | 102.5 | 78.8 | 73.1 | 65.2 |
General and administrative | 111.4 | 95.5 | 80.1 | 86.7 | 86.1 | 80.2 | 79.5 | 80.7 |
EBIT | -1,275.7 | 46.1 | 57.1 | -1.0 | 4.0 | 73.2 | 109.6 | 134.3 |
EBIT margin | -255.5% | 9.0% | 11.9% | -0.2% | 0.8% | 14.5% | 21.3% | 25.3% |
Pre-tax income | -1,322.5 | -811.4 | -20.0 | 38.3 | 20.5 | 71.5 | 114.9 | 137.9 |
Income taxes | 147.3 | -275.9 | -12.4 | 3.9 | -2.0 | 53.3 | 22.7 | 31.9 |
Tax rate | | 34.0% | 62.3% | 10.2% | | 74.5% | 19.7% | 23.2% |
Net income | -1,469.8 | -535.5 | -7.5 | 34.4 | 22.5 | 18.2 | 92.2 | 105.9 |
Net margin | -294.4% | -104.8% | -1.6% | 7.1% | 4.5% | 3.6% | 18.0% | 20.0% |
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Diluted EPS | ($129.83) | ($53.44) | ($0.78) | $3.33 | $1.97 | $1.58 | $8.01 | $9.18 |
Shares outstanding (diluted) | 11.3 | 10.0 | 9.7 | 10.3 | 11.4 | 11.5 | 11.5 | 11.5 |
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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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