In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Product sales | | | | | | | | 136.9 |
License fees and service revenue | | | | | | | | 25.7 |
Total revenues [+] | 10.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 146.4 | 162.6 |
Products | | | | | | | | 136.9 |
Services | | | | | | | | 25.7 |
Revenue growth [+] | | | | | | -100.0% | -9.9% | -13.0% |
Product sales | | | | | | | | -26.6% |
License fees and service revenue | | | | | | | | 8673.0% |
Cost of goods sold [+] | 1.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 35.8 | 66.0 |
Amortization of intangibles | | | | | | | | 38.3 |
Gross profit | 8.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 110.6 | 96.5 |
Gross margin | 82.3% | | | | | | 75.5% | 59.4% |
Selling, general and administrative | 38.8 | 60.4 | 60.4 | 61.4 | 62.7 | 64.8 | 88.4 | 88.1 |
Research and development | 42.2 | 87.3 | 109.4 | 79.3 | 75.2 | 51.5 | 59.1 | 51.1 |
Other operating expenses | | | | | | | 25.9 | |
EBITDA [+] | -72.4 | -147.4 | -169.5 | -139.1 | -109.4 | -88.3 | -36.4 | -10.7 |
EBITDA growth | -50.9% | -13.0% | 21.9% | 27.1% | 23.9% | 142.7% | 239.5% | 72.4% |
EBITDA margin | -716.3% | | | | | | -24.9% | -6.6% |
Depreciation | 0.2 | 0.3 | 0.3 | 1.6 | 28.4 | 28.0 | 0.5 | -6.4 |
EBITA | -72.7 | -147.7 | -169.7 | -140.7 | -137.8 | -116.3 | -36.9 | -4.3 |
EBITA margin | -718.8% | | | | | | -25.2% | -2.6% |
Amortization of intangibles | | | | | | | 25.9 | 38.3 |
EBIT [+] | -72.7 | -147.7 | -169.7 | -140.7 | -137.8 | -116.3 | -62.9 | -42.6 |
EBIT growth | -50.8% | -13.0% | 20.6% | 2.1% | 18.5% | 84.9% | 47.7% | 34.9% |
EBIT margin | -718.8% | | | | | | -42.9% | -26.2% |
Interest expense, net [+] | 1.0 | 0.1 | -1.3 | -5.0 | 0.3 | 6.8 | 9.4 | 9.1 |
Interest expense | 1.0 | 0.1 | | | 0.3 | 6.8 | 9.4 | 9.1 |
Interest income | | | 1.3 | 5.0 | | | | |
Other income (expense), net [+] | -4.4 | -10.7 | -2.9 | -8.9 | 9.6 | 0.4 | 0.2 | -0.6 |
Other | -5.3 | -10.9 | -2.9 | -8.9 | 9.6 | 0.4 | 0.9 | -1.2 |
Pre-tax income | -78.1 | -158.4 | -171.3 | -144.6 | -128.6 | -122.7 | -72.1 | -52.2 |
Income taxes | 0.0 | 0.0 | -0.1 | -9.2 | -1.9 | 21.9 | 2.3 | 0.4 |
Tax rate | | | 0.0% | 6.4% | 1.5% | | | |
Net income | -75.4 | -158.6 | -171.3 | -144.6 | -128.6 | -122.7 | -72.1 | -52.6 |
Net margin | -745.5% | | | | | | -49.2% | -32.4% |
|
Basic EPS [+] | ($0.43) | ($1.02) | ($1.38) | ($1.31) | ($1.24) | ($1.44) | ($0.99) | ($0.81) |
Growth | -58.3% | -25.7% | 5.3% | 5.0% | -13.6% | 45.6% | 22.0% | 14.8% |
Diluted EPS [+] | ($0.43) | ($1.02) | ($1.38) | ($1.31) | ($1.24) | ($1.44) | ($0.99) | ($0.81) |
Growth | -58.3% | -25.7% | 5.3% | 5.0% | -13.6% | 45.6% | 22.0% | 14.8% |
|
|
Shares outstanding (basic) [+] | 183.2 | 154.9 | 124.4 | 110.6 | 103.3 | 85.1 | 72.8 | 64.9 |
Growth | 18.3% | 24.5% | 12.5% | 7.0% | 21.4% | 16.9% | 12.2% | 0.3% |
Shares outstanding (diluted) [+] | 183.2 | 154.9 | 124.4 | 110.6 | 103.3 | 85.1 | 72.8 | 64.9 |
Growth | 18.3% | 24.5% | 12.5% | 7.0% | 21.4% | 16.9% | 12.2% | 0.3% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |