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 | 800.7 | 1,626.2 | -1,876.9 | 484.8 | -278.1 | 99.1 | 692.4 | -1,269.3 |
Revenue growth | -50.8% | -186.6% | -487.1% | -274.3% | -380.7% | -85.7% | -154.6% | 162.2% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 |
Gross profit | 800.7 | 1,626.2 | -1,876.9 | 484.8 | -278.1 | 99.1 | 692.4 | -1,269.7 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | | | | | | | | |
General and administrative | 1.9 | 7.0 | 2.7 | 1.4 | 1.5 | 2.4 | 2.6 | 1.3 |
EBIT | 1,632.7 | 3,513.2 | -4,165.3 | 472.0 | -289.7 | 76.5 | 663.9 | -1,290.1 |
EBIT margin | 203.9% | 216.0% | 221.9% | 97.4% | 104.2% | 77.2% | 95.9% | 101.6% |
Pre-tax income | 785.2 | 1,602.3 | -1,905.2 | 473.5 | -291.3 | 79.0 | 666.6 | -1,288.4 |
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 | 785.2 | 1,602.3 | -1,905.2 | 473.5 | -291.3 | 79.0 | 666.6 | -1,288.4 |
Net margin | 98.1% | 98.5% | 101.5% | 97.7% | 104.7% | 79.7% | 96.3% | 101.5% |
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Diluted EPS | $22.26 | $24.54 | ($16.61) | $31.24 | ($17.01) | $0.31 | $2.07 | ($7.93) |
Shares outstanding (diluted) | 35.3 | 65.3 | 114.7 | 15.2 | 17.1 | 253.2 | 322.7 | 162.4 |
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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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