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In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
International | 106.6 | 69.7 | 48.2 | | | |
Domestic | 1,691.3 | 1,291.6 | 1,170.2 | | | |
Domestic revenue | | | | 889.2 | 643.1 | |
International revenue | | | | 21.7 | 19.8 | |
Total revenues | 1,798.0 | 1,361.3 | 1,218.3 | 910.9 | 662.9 | 485.4 |
Revenue growth [+] | 32.1% | 11.7% | 33.8% | 37.4% | 36.6% | |
International | 53.0% | 44.7% | | | | |
Domestic | 30.9% | 10.4% | | | | |
Domestic revenue | | | | 38.3% | | |
International revenue | | | | 9.6% | | |
Cost of goods sold | 591.1 | 476.2 | 431.5 | 358.1 | 265.6 | 178.2 |
Gross profit | 1,206.8 | 885.1 | 786.9 | 552.8 | 397.3 | 307.3 |
Gross margin | 67.1% | 65.0% | 64.6% | 60.7% | 59.9% | 63.3% |
Selling, general and administrative | 297.6 | 236.4 | 232.9 | 170.3 | 134.6 | 98.6 |
Equity in earnings | 0.5 | 0.2 | 0.8 | 0.5 | 1.4 | 0.8 |
Other operating expenses | 603.8 | 368.7 | 344.9 | 239.3 | 185.9 | 113.7 |
EBITDA [+] | 305.9 | 280.3 | 209.8 | 143.7 | 78.2 | 95.7 |
EBITDA growth | 9.1% | 33.6% | 46.0% | 83.7% | -18.2% | |
EBITDA margin | 17.0% | 20.6% | 17.2% | 15.8% | 11.8% | 19.7% |
Depreciation | 14.6 | 12.5 | 10.7 | 8.4 | 6.7 | 5.7 |
EBITA | 291.2 | 267.8 | 199.1 | 135.3 | 71.5 | 90.0 |
EBITA margin | 16.2% | 19.7% | 16.3% | 14.9% | 10.8% | 18.5% |
Amortization of intangibles | 187.8 | 147.8 | 130.7 | 90.4 | 64.4 | 50.9 |
EBIT [+] | 103.4 | 120.0 | 68.4 | 45.0 | 7.2 | 39.0 |
EBIT growth | -13.9% | 75.5% | 52.2% | 527.9% | -81.7% | |
EBIT margin | 5.8% | 8.8% | 5.6% | 4.9% | 1.1% | 8.0% |
Interest expense, net [+] | 54.6 | 41.2 | 57.1 | 55.2 | 41.6 | 21.2 |
Interest expense | 55.0 | 41.7 | 58.3 | 56.4 | 41.9 | 21.3 |
Interest income | 0.4 | 0.5 | 1.2 | 1.3 | 0.2 | 0.1 |
Other income (expense), net [+] | -4.3 | -9.2 | -16.3 | -21.4 | -15.4 | -1.1 |
Amortization of financing costs and debt discount | | | | | | -2.5 |
Impairment of equity method investments | | | -11.7 | | | |
Gain (loss) on investments | | | | 5.5 | | |
Gain (loss) on debt retirement | | -6.1 | | -21.1 | -8.1 | |
Other | -0.3 | -0.2 | -1.0 | -2.4 | -3.2 | 1.4 |
Pre-tax income | 44.5 | 69.6 | -5.0 | -31.6 | -49.9 | 16.7 |
Income taxes | 20.1 | 20.7 | 7.0 | 9.5 | -1.5 | 1.0 |
Tax rate | 45.1% | 29.7% | | | 3.0% | 5.9% |
Minority interest | 14.0 | 20.9 | 0.8 | -40.5 | | |
Net income | 10.4 | 28.0 | -12.9 | -0.6 | -48.4 | 15.7 |
Net margin | 0.6% | 2.1% | -1.1% | -0.1% | -7.3% | 3.2% |
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Basic EPS [+] | $0.18 | $0.58 | ($0.28) | ($0.01) | | |
Growth | -68.5% | -309.4% | 1910.6% | | | |
Diluted EPS [+] | $0.18 | $0.57 | ($0.28) | ($0.01) | | |
Growth | -68.7% | -308.9% | 1910.6% | | | |
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Shares outstanding (basic) [+] | 57.3 | 48.7 | 46.8 | 43.1 | | |
Growth | 17.7% | 4.0% | 8.5% | | | |
Shares outstanding (diluted) [+] | 57.8 | 48.8 | 46.8 | 43.1 | | |
Growth | 18.5% | 4.3% | 8.5% | | | |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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