Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 3,646.8 | 1,579.9 | 1,930.8 | 2,321.9 | 2,321.9 | 1,293.7 | 704.7 | 789.7 |
Revenue growth | 130.8% | | -16.8% | 79.5% | | 83.6% | -10.8% | -43.2% |
Cost of goods sold | 229.6 | 76.8 | 112.6 | 327.6 | 133.7 | 265.3 | 56.6 | 270.5 |
Gross profit | 3,417.2 | 1,503.1 | 1,818.2 | 1,994.3 | 2,188.3 | 1,028.5 | 648.1 | 519.3 |
Gross margin | 93.7% | 95.1% | 94.2% | 85.9% | 94.2% | 79.5% | 92.0% | 65.8% |
General and administrative | 209.3 | 80.7 | 128.6 | 121.3 | 121.3 | 91.8 | 89.3 | 89.5 |
EBIT | 1,622.7 | 1,032.3 | -59.9 | 503.2 | 474.7 | 150.9 | -126.1 | -68.1 |
EBIT margin | 44.5% | 65.3% | -3.1% | 21.7% | 20.4% | 11.7% | -17.9% | -8.6% |
Pre-tax income | 1,430.5 | 189.0 | -350.9 | -25.3 | -25.3 | -75.9 | -371.6 | -56.4 |
Income taxes | 46.9 | 1.0 | -32.7 | -5.8 | -5.8 | -203.3 | -128.5 | -16.1 |
Tax rate | 3.3% | 0.5% | 9.3% | 23.1% | 23.1% | 268.0% | 34.6% | 28.6% |
Net income | 1,383.6 | 188.0 | -318.2 | -35.3 | -19.5 | 123.8 | -243.0 | -40.2 |
Net margin | 37.9% | 11.9% | -16.5% | -1.5% | -0.8% | 9.6% | -34.5% | -5.1% |
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Diluted EPS | $42.90 | $9.10 | ($1.01) | ($0.11) | ($0.11) | $0.52 | ($1.32) | ($0.31) |
Shares outstanding (diluted) | 32.3 | 20.6 | 315.0 | 307.5 | 177.3 | 237.9 | 183.6 | 130.2 |
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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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