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 | 0.0 | 3,622.0 | 1,667.4 | 2,422.4 | 2,151.4 | 987.4 | 618.3 | 396.9 |
Revenue growth | -100.0% | 117.2% | -31.2% | 12.6% | 117.9% | 59.7% | 55.8% | 65.9% |
Cost of goods sold | 0.0 | 1,228.9 | 614.2 | 293.6 | 0.0 | 0.0 | 0.7 | 0.0 |
Gross profit | 0.0 | 2,393.1 | 1,053.3 | 2,128.8 | 2,151.4 | 987.4 | 617.6 | 396.9 |
Gross margin | | 66.1% | 63.2% | 87.9% | 100.0% | 100.0% | 99.9% | 100.0% |
Selling, general and administrative | 2,106.9 | | | | | | | |
General and administrative | 875.4 | 1,048.7 | 639.4 | 557.3 | 492.6 | 94.0 | 52.5 | 61.9 |
EBIT | 1,131.5 | 782.1 | -1,192.7 | 643.5 | 1,043.7 | 1,273.3 | 711.2 | 336.5 |
EBIT margin | | 21.6% | -71.5% | 26.6% | 48.5% | 129.0% | 115.0% | 84.8% |
Pre-tax income | 1,262.8 | 963.8 | -1,340.8 | 647.7 | 931.1 | 1,182.3 | 621.6 | 270.9 |
Income taxes | 279.5 | 158.2 | 16.9 | 41.8 | -73.4 | 167.6 | 38.9 | -11.0 |
Tax rate | 22.1% | 16.4% | | 6.4% | | 14.2% | 6.3% | |
Net income | 864.8 | 705.5 | -1,464.7 | 550.0 | 964.0 | 957.5 | 504.5 | 268.6 |
Net margin | | 19.5% | -87.8% | 22.7% | 44.8% | 97.0% | 81.6% | 67.7% |
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Diluted EPS | $1.80 | $1.51 | ($3.52) | $1.34 | $2.81 | $3.15 | $2.12 | $1.32 |
Shares outstanding (diluted) | 481.6 | 467.7 | 415.5 | 409.0 | 343.1 | 304.4 | 238.5 | 202.9 |
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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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