XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net revenues:        
Net revenues $ 741.9 $ 589.8 $ 2,185.7 $ 1,669.8
Cost of revenues:        
Cost of revenues 393.5 327.8 1,160.0 921.9
Gross profit 348.4 262.0 1,025.7 747.9
Research and development 51.7 42.5 148.9 127.7
Selling, general and administrative 95.8 87.0 288.9 260.3
Acquisition and integration costs 8.6 0.5 20.8 3.4
Restructuring and other 2.0 3.1 9.9 6.8
Amortization of intangible assets 15.0 12.5 40.1 42.6
Asset impairment       1.2
COVID-19 related net credits       (1.2)
Income from operations 175.3 116.4 517.1 307.1
Interest income 0.1 0.1 0.4 1.1
Interest expense 6.3 6.6 19.1 22.7
Other expense, net 2.9 1.1 11.5 3.0
Income before income taxes 166.2 108.8 486.9 282.5
Provision for income taxes 33.8 17.1 85.7 48.0
Net income 132.4 91.7 401.2 234.5
Other comprehensive income, net of tax:        
Changes in value of financial instruments designated as cash flow hedges 3.0 (0.6) 13.9 (7.7)
Foreign currency translation adjustments (18.2) 17.1 (31.6) 12.1
Net unrecognized pension gain 0.3 0.1 0.2 0.1
Unrealized (loss) gain on investments     (0.1) 0.2
Total comprehensive income $ 117.5 $ 108.3 $ 383.6 $ 239.2
Net income per share:        
Basic $ 2.39 $ 1.66 $ 7.24 $ 4.26
Diluted $ 2.38 $ 1.66 $ 7.21 $ 4.24
Weighted average common shares outstanding:        
Basic 55.5 55.2 55.4 55.1
Diluted 55.7 55.4 55.7 55.3
Products [Member]        
Net revenues:        
Net revenues $ 649.1 $ 506.8 $ 1,910.8 $ 1,441.0
Cost of revenues:        
Cost of revenues 344.5 280.7 1,011.8 794.8
Services [Member]        
Net revenues:        
Net revenues 92.8 83.0 274.9 228.8
Cost of revenues:        
Cost of revenues $ 49.0 $ 47.1 $ 148.2 $ 127.1