Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-25-21 | Dec-26-20 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Dec-26-15 |
Revenues | 9,626.7 | 8,636.1 | 5,154.0 | 4,416.0 | 4,489.2 | 4,006.2 | 3,297.4 | 2,887.1 |
Revenue growth | 11.5% | 67.6% | 16.7% | -1.6% | 12.1% | 21.5% | 14.2% | 8.5% |
Cost of goods sold | 7,837.3 | 7,229.2 | 4,353.7 | 3,730.5 | 3,896.3 | 3,398.4 | 2,765.9 | 2,487.2 |
Gross profit | 1,789.5 | 1,407.0 | 800.3 | 685.5 | 592.9 | 607.8 | 531.5 | 399.9 |
Gross margin | 18.6% | 16.3% | 15.5% | 15.5% | 13.2% | 15.2% | 16.1% | 13.9% |
Selling, general and administrative | 832.1 | 682.3 | 444.6 | 439.0 | 392.2 | 362.2 | 310.2 | 264.3 |
EBITA | 967.5 | 747.6 | 354.5 | 251.2 | 211.8 | 185.5 | 167.2 | 139.5 |
EBITA margin | 10.1% | 8.7% | 6.9% | 5.7% | 4.7% | 4.6% | 5.1% | 4.8% |
Amortization of intangibles | 19.5 | 13.9 | 8.7 | 6.3 | 6.4 | 4.9 | 2.8 | 3.5 |
EBIT | 948.0 | 733.7 | 345.8 | 244.9 | 205.4 | 180.6 | 164.4 | 136.0 |
EBIT margin | 9.8% | 8.5% | 6.7% | 5.5% | 4.6% | 4.5% | 5.0% | 4.7% |
Pre-tax income | 934.8 | 726.3 | 341.0 | 240.7 | 197.9 | 176.0 | 160.7 | 131.0 |
Income taxes | 229.9 | 174.0 | 87.1 | 58.3 | 45.4 | 52.0 | 55.2 | 45.9 |
Tax rate | 24.6% | 24.0% | 25.5% | 24.2% | 23.0% | 29.5% | 34.3% | 35.0% |
Net income | 692.7 | 535.6 | 246.8 | 179.7 | 148.6 | 119.5 | 101.2 | 80.6 |
Net margin | 7.2% | 6.2% | 4.8% | 4.1% | 3.3% | 3.0% | 3.1% | 2.8% |
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Diluted EPS | $11.42 | $8.87 | $4.12 | $2.99 | $2.46 | $1.98 | $1.68 | $1.35 |
Shares outstanding (diluted) | 60.7 | 60.4 | 59.9 | 60.1 | 60.4 | 60.4 | 60.2 | 59.9 |
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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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