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 | 2,299.8 | 1,333.8 | 896.2 | 1,509.9 | 902.4 | 636.8 | 385.4 | 471.6 |
Revenue growth | 72.4% | 48.8% | -40.6% | 67.3% | 41.7% | 65.3% | -18.3% | -46.6% |
Cost of goods sold | 403.1 | 346.0 | 338.5 | 402.6 | 224.7 | 126.9 | 119.4 | 386.1 |
Gross profit | 1,896.7 | 987.8 | 557.7 | 1,107.3 | 677.6 | 510.0 | 266.0 | 85.4 |
Gross margin | 82.5% | 74.1% | 62.2% | 73.3% | 75.1% | 80.1% | 69.0% | 18.1% |
General and administrative | 100.9 | 91.5 | 72.1 | 110.0 | 99.9 | 68.3 | 87.6 | 136.8 |
EBIT | 783.7 | -63.8 | -300.6 | 0.5 | -54.6 | -183.1 | -317.7 | 80.2 |
EBIT margin | 34.1% | -4.8% | -33.5% | 0.0% | -6.1% | -28.8% | -82.4% | 17.0% |
Pre-tax income | 337.1 | -43.4 | -416.8 | 25.1 | -50.9 | -177.9 | -294.6 | 85.4 |
Income taxes | 110.5 | 34.5 | -5.2 | 80.9 | 43.1 | 44.9 | -10.8 | 155.3 |
Tax rate | 32.8% | | 1.2% | 322.1% | | | 3.7% | 181.7% |
Net income | 226.6 | -77.8 | -411.6 | -55.8 | -94.0 | -222.8 | -283.8 | -69.8 |
Net margin | 9.9% | -5.8% | -45.9% | -3.7% | -10.4% | -35.0% | -73.6% | -14.8% |
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Diluted EPS | $0.48 | ($0.19) | ($1.02) | ($0.14) | ($0.23) | ($0.57) | ($0.74) | ($0.18) |
Shares outstanding (diluted) | 474.9 | 416.9 | 405.2 | 401.4 | 404.6 | 388.4 | 385.4 | 382.6 |
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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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