In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| 10-K | 10-K | 10-K | 10-K |
Revenues | 747 | 476 | 293 | 144 |
Revenue growth | 56.9% | 62.4% | 103.3% | |
Cost of goods sold [+] | 137 | 108 | 69 | 38 |
Cost of services | 101 | 84 | 44 | 30 |
Amortization of intangibles | 35 | 23 | 25 | 8 |
Gross profit | 611 | 369 | 225 | 107 |
Gross margin | 81.7% | 77.4% | 76.6% | 73.8% |
Selling, general and administrative [+] | 334 | 248 | 125 | 63 |
Sales and marketing | 241 | 185 | 90 | 42 |
General and administrative | 92 | 63 | 35 | 21 |
Research and development | 120 | 51 | 30 | 6 |
EBITDA [+] | 206 | 102 | 100 | 48 |
EBITDA growth | 102.9% | 1.3% | 111.4% | |
EBITDA margin | 27.6% | 21.4% | 34.2% | 32.9% |
Depreciation | 14 | 9 | 6 | 3 |
EBITA | 193 | 93 | 94 | 45 |
EBITA margin | 25.8% | 19.5% | 32.2% | 31.1% |
Amortization of intangibles | 56 | 42 | 43 | 15 |
EBIT [+] | 137 | 51 | 52 | 30 |
EBIT growth | 169.2% | -1.5% | 71.2% | |
EBIT margin | 18.3% | 10.7% | 17.6% | 20.9% |
Non-recurring items | 24 | 14 | 16 | 4 |
Interest expense | 44 | 69 | 102 | 58 |
Interest expense | 44 | 69 | 102 | 58 |
Other income (expense), net [+] | 32 | 1 | -18 | 0 |
Gain (loss) on debt retirement | -8 | -15 | -18 | |
Other | 39 | 15 | | 0 |
Pre-tax income | 101 | -32 | -85 | -32 |
Income taxes | 6 | 5 | -7 | -3 |
Tax rate | 6.0% | | 7.7% | 9.2% |
Minority interest | -22 | -27 | | |
Net income | 117 | -9 | -78 | -29 |
Net margin | 15.6% | -1.9% | -26.6% | -19.8% |
|
Basic EPS [+] | $0.58 | ($0.15) | | |
Growth | -495.8% | | | |
Diluted EPS [+] | $0.30 | ($0.05) | | |
Growth | -669.2% | | | |
|
Dividends per share [+] | $0.10 | $0.16 | | |
Growth | -38.0% | | | |
|
Shares outstanding (basic) [+] | 203 | 62 | | |
Growth | 224.3% | | | |
Shares outstanding (diluted) [+] | 394 | 175 | | |
Growth | 125.5% | | | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |