Financial Summary (All financials)
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 |
Revenues | 965.0 | 1,286.0 | 845.0 | 693.0 | 776.0 | 844.0 | 728.0 | 354.0 |
Revenue growth | -25.0% | 52.2% | 21.9% | -10.7% | -8.1% | 15.9% | 105.6% | -484.8% |
Cost of goods sold | 0.0 | 108.0 | 112.0 | 94.0 | 90.0 | 42.0 | 19.0 | 0.0 |
Gross profit | 965.0 | 1,178.0 | 733.0 | 599.0 | 686.0 | 802.0 | 709.0 | 354.0 |
Gross margin | 100.0% | 91.6% | 86.7% | 86.4% | 88.4% | 95.0% | 97.4% | 100.0% |
Selling, general and administrative | 41.0 | | | | | | | |
General and administrative | | 34.0 | 37.0 | 36.0 | 55.0 | 31.0 | 34.0 | 23.0 |
EBITA | 891.0 | -88.0 | -93.0 | 2,066.0 | 1,098.0 | 965.0 | 302.0 | -561.0 |
EBITA margin | 92.3% | -6.8% | -11.0% | 298.1% | 141.5% | 114.3% | 41.5% | -158.5% |
Amortization of intangibles | | | | | 25.0 | 3.0 | 2.0 | |
EBIT | 891.0 | -88.0 | -93.0 | 2,066.0 | 1,073.0 | 962.0 | 300.0 | -561.0 |
EBIT margin | 92.3% | -6.8% | -11.0% | 298.1% | 138.3% | 114.0% | 41.2% | -158.5% |
Pre-tax income | -1,190.0 | 749.0 | -266.0 | 688.0 | 129.0 | 771.0 | 623.0 | 215.0 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | -1,190.0 | 649.0 | -362.0 | 628.0 | 93.0 | 733.0 | 595.0 | 187.0 |
Net margin | -123.3% | 50.5% | -42.8% | 90.6% | 12.0% | 86.8% | 81.7% | 52.8% |
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Diluted EPS | ($2.22) | $1.22 | ($0.66) | $1.16 | $0.21 | $2.04 | $1.79 | $0.54 |
Shares outstanding (diluted) | 537.0 | 530.0 | 551.6 | 541.4 | 441.4 | 358.7 | 331.9 | 348.6 |
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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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