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 | 1,727.6 | 1,355.7 | 272.9 | 1,486.9 | 694.8 | 574.5 | 500.8 | 429.9 |
Revenue growth | 27.4% | 396.9% | -81.6% | 114.0% | 20.9% | 14.7% | 16.5% | 103.6% |
Cost of goods sold | 405.2 | 356.9 | 334.4 | 422.1 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 1,322.4 | 998.8 | -61.6 | 1,064.7 | 694.8 | 574.5 | 500.8 | 429.9 |
Gross margin | 76.5% | 73.7% | -22.6% | 71.6% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 246.9 | 195.6 | 78.4 | 260.3 | | | | |
Sales and marketing | 197.7 | 156.1 | 51.5 | 235.3 | 268.5 | 229.9 | 216.7 | 171.5 |
Research and development | | | | | 155.3 | 142.3 | 115.4 | 77.1 |
General and administrative | | | | | 228.6 | 191.7 | 207.2 | 122.2 |
EBITA | 986.2 | 715.8 | -213.1 | 727.6 | -88.6 | -149.1 | -84.9 | -0.1 |
EBITA margin | 57.1% | 52.8% | -78.1% | 48.9% | -12.7% | -26.0% | -17.0% | 0.0% |
Amortization of intangibles | 4.8 | 5.2 | 3.1 | 3.5 | 3.9 | 4.3 | 4.8 | 5.3 |
EBIT | 981.4 | 710.6 | -216.2 | 724.1 | -92.5 | -153.4 | -89.7 | -5.4 |
EBIT margin | 56.8% | 52.4% | -79.2% | 48.7% | -13.3% | -26.7% | -17.9% | -1.3% |
Pre-tax income | 153.0 | 18.4 | -187.6 | -30.7 | -128.3 | -153.2 | -150.2 | -2.2 |
Income taxes | 136.6 | 0.1 | -0.1 | 0.2 | 0.0 | 0.6 | -4.2 | 2.8 |
Tax rate | 89.3% | 0.7% | 0.0% | | | | 2.8% | |
Net income | 153.0 | 18.4 | -187.5 | -30.9 | 0.0 | -153.8 | -146.0 | -5.0 |
Net margin | 8.9% | 1.4% | -68.7% | -2.1% | 0.0% | -26.8% | -29.1% | -1.2% |
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Diluted EPS | $1.47 | $0.18 | ($2.07) | ($0.35) | $0.00 | ($1.88) | ($0.38) | ($0.01) |
Shares outstanding (diluted) | 104.0 | 102.1 | 90.4 | 87.3 | 84.6 | 81.8 | 387.8 | 374.9 |
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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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