Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.22.4
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales $ 5,204.4 $ 5,802.8 $ 5,541.8
Cost of sales 1,173.6 1,239.3 1,150.6
Gross profit 4,030.8 4,563.5 4,391.2
Royalty overrides 1,690.1 1,833.7 1,690.1
Selling, general, and administrative expenses 1,810.4 2,012.1 2,075.0
Other operating income (14.9) (16.4) (14.5)
Operating income 545.2 734.1 640.6
Interest expense 139.3 153.1 133.0
Interest income 6.1 4.4 8.8
Other (income) expense, net (12.8) 24.6 0.0
Income before income taxes 424.8 560.8 516.4
Income taxes 103.5 113.6 143.8
Net income $ 321.3 $ 447.2 $ 372.6
Earnings per share:      
Basic $ 3.26 $ 4.22 $ 2.83
Diluted $ 3.23 $ 4.13 $ 2.77
Weighted-average shares outstanding:      
Basic 98.5 105.9 131.5
Diluted 99.5 108.3 134.5