Edwards Lifesciences Corp. operates in 4 segments: United States; Europe; Japan; and Rest of World.
Segment Profit Margin
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
---|---|---|---|---|---|
United States | 69.22% | 68.63% | 68.79% | 66.57% | 65.12% |
Europe | 51.76% | 50.71% | 50.97% | 47.77% | 47.26% |
Japan | 65.91% | 63.84% | 61.69% | 59.49% | 56.41% |
Rest of World | 34.73% | 33.24% | 29.52% | 29.19% | 25.97% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | United States | United States segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Europe | Europe segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
Japan | Japan segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. | |
Rest of World | Rest of World segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
Segment Profit Margin: United States
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||
Segment operating income | 2,051,000) | 1,727,300) | 1,742,300) | 1,368,100) | 1,242,300) |
Segment net sales | 2,963,100) | 2,516,800) | 2,532,700) | 2,055,200) | 1,907,600) |
Segment Profitability Ratio | |||||
Segment profit margin1 | 69.22% | 68.63% | 68.79% | 66.57% | 65.12% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment profit margin = 100 × Segment operating income ÷ Segment net sales
= 100 × 2,051,000 ÷ 2,963,100 = 69.22%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | United States | United States segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Profit Margin: Europe
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||
Segment operating income | 569,100) | 479,300) | 472,000) | 394,800) | 378,400) |
Segment net sales | 1,099,600) | 945,200) | 926,100) | 826,400) | 800,700) |
Segment Profitability Ratio | |||||
Segment profit margin1 | 51.76% | 50.71% | 50.97% | 47.77% | 47.26% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment profit margin = 100 × Segment operating income ÷ Segment net sales
= 100 × 569,100 ÷ 1,099,600 = 51.76%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Europe | Europe segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Profit Margin: Japan
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||
Segment operating income | 348,000) | 286,400) | 272,300) | 237,000) | 201,100) |
Segment net sales | 528,000) | 448,600) | 441,400) | 398,400) | 356,500) |
Segment Profitability Ratio | |||||
Segment profit margin1 | 65.91% | 63.84% | 61.69% | 59.49% | 56.41% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment profit margin = 100 × Segment operating income ÷ Segment net sales
= 100 × 348,000 ÷ 528,000 = 65.91%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Japan | Japan segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
Segment Profit Margin: Rest of World
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||
Segment operating income | 185,200) | 150,100) | 127,900) | 115,600) | 92,800) |
Segment net sales | 533,200) | 451,500) | 433,300) | 396,000) | 357,300) |
Segment Profitability Ratio | |||||
Segment profit margin1 | 34.73% | 33.24% | 29.52% | 29.19% | 25.97% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment profit margin = 100 × Segment operating income ÷ Segment net sales
= 100 × 185,200 ÷ 533,200 = 34.73%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Rest of World | Rest of World segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
Segment net sales
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
---|---|---|---|---|---|
United States | 2,963,100) | 2,516,800) | 2,532,700) | 2,055,200) | 1,907,600) |
Europe | 1,099,600) | 945,200) | 926,100) | 826,400) | 800,700) |
Japan | 528,000) | 448,600) | 441,400) | 398,400) | 356,500) |
Rest of World | 533,200) | 451,500) | 433,300) | 396,000) | 357,300) |
Total | 5,123,900) | 4,362,100) | 4,333,500) | 3,676,000) | 3,422,100) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Segment operating income
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
---|---|---|---|---|---|
United States | 2,051,000) | 1,727,300) | 1,742,300) | 1,368,100) | 1,242,300) |
Europe | 569,100) | 479,300) | 472,000) | 394,800) | 378,400) |
Japan | 348,000) | 286,400) | 272,300) | 237,000) | 201,100) |
Rest of World | 185,200) | 150,100) | 127,900) | 115,600) | 92,800) |
Total | 3,153,300) | 2,643,100) | 2,614,500) | 2,115,500) | 1,914,600) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).