Income StatementLTMDec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15

Total Revenues

2,604

2,565

2,414.7

2,329.9

2,166.8

2,064.9

1,994.8

1,916.5

1,854.7

1,741.3

1,629.8

Total Revenues %Chg

6.4%

6.2%

3.6%

7.5%

4.9%

3.5%

4.1%

3.3%

6.5%

6.8%

9%

Cost of Sales

332.5

319.3

282.6

304.4

258.1

226.5

215.4

201.4

213

202

189.1

Gross Profit

2,271.5

2,245.7

2,132.1

2,025.5

1,908.7

1,838.4

1,779.4

1,715.1

1,641.7

1,539.3

1,440.8

Gross Profit Margin

—

87.6%

88.3%

86.9%

88.1%

89%

89.2%

89.5%

88.5%

88.4%

88.4%

Selling, General & Administrative Expenses

996.1

974.8

864.1

791.3

708.5

681.4

658.4

589.8

525.4

508.7

451.8

Research & Development Expenses

397.8

394.9

368.9

349.9

292.7

252.8

239.2

211.5

192.4

178.4

149.3

Other Operating Expenses

—

—

—

—

—

—

—

—

—

—

—

Operating Profit

877.6

876

899.1

884.3

907.5

904.2

881.8

913.8

923.9

852.3

839.7

Operating Margin

—

34.2%

37.2%

38%

41.9%

43.8%

44.2%

47.7%

49.8%

48.9%

51.5%

Interest and Investment Income

100.8

96.1

76.5

44

42.1

66.6

80.6

65.1

47

44.4

34.1

Non-Operating Income

—

—

—

—

—

—

—

—

—

—

—

Total Non-Operating Income

100.8

96.1

76.5

44

42.1

66.6

80.6

65.1

47

44.4

34.1

Income Before Provision for Income Taxes

978.4

972.1

975.6

928.3

949.6

970.8

962.4

978.9

970.9

896.7

873.8

Provision for Income Taxes

125.7

126.4

135.3

131.4

134

124.2

136.7

157.6

168

171.8

187.9

Consolidated Net Income

852.7

845.7

840.3

796.9

815.6

846.6

825.7

821.3

802.9

724.8

685.9

Net Income Attributable to Common Shareholders

852.7

845.7

840.3

796.9

815.6

846.6

825.7

821.3

802.9

724.8

685.9

Basic EPS

7.8

7.7

7.2

6.4

6.1

6

5.5

5.2

4.9

4.3

3.8

Diluted EPS

7.6

7.5

7.1

6.3

6.1

6

5.4

5.2

4.8

4.2

3.7

Basic Weighted Average Shares Outstanding

109.7

110.6

116.9

125.2

133.1

140.5

150.6

156.6

162.7

170.2

179.2

Total Shares Outstanding

—

108.4

112.9

120.8

129

137.2

145.5

155.4

159

166

174.9

Diluted Weighted Average Shares Outstanding

112.6

113.4

118.3

126.3

134.1

142

152.1

159.4

166.6

173.3

183.6

EBITDA

—

959.6

946.5

920.5

938.2

931.3

905.8

934.6

940.6

867

853.7

Effective Tax Rate

—

13%

13.9%

14.2%

14.1%

12.8%

14.2%

16.1%

17.3%

19.2%

21.5%