Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.22.0.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net sales $ 5,802.8 $ 5,541.8 $ 4,877.1
Cost of sales 1,239.3 1,150.6 958.0
Gross profit 4,563.5 4,391.2 3,919.1
Royalty overrides 1,833.7 1,690.1 1,448.2
Selling, general, and administrative expenses 2,012.1 2,075.0 1,940.3
Other operating income (16.4) (14.5) (37.5)
Operating income 734.1 640.6 568.1
Interest expense 153.1 133.0 153.0
Interest income 4.4 8.8 20.6
Other expense (income), net 24.6 0.0 (15.7)
Income before income taxes 560.8 516.4 451.4
Income taxes 113.6 143.8 140.4
Net income $ 447.2 $ 372.6 $ 311.0
Earnings per share:      
Basic $ 4.22 $ 2.83 $ 2.26
Diluted $ 4.13 $ 2.77 $ 2.20
Weighted-average shares outstanding:      
Basic 105.9 131.5 137.4
Diluted 108.3 134.5 141.6