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 | 12,218.0 | 13,708.0 | 14,145.0 | 9,127.0 | 6,779.2 | 4,720.9 | 3,380.4 | 2,249.9 |
Revenue growth | -10.9% | -3.1% | 55.0% | 34.6% | 43.6% | 39.7% | 50.2% | 70.6% |
Cost of goods sold | 8,802.0 | 9,813.0 | 10,033.0 | 6,980.0 | 5,192.5 | 3,602.1 | 2,572.5 | 1,709.2 |
Gross profit | 3,416.0 | 3,895.0 | 4,112.0 | 2,147.0 | 1,586.7 | 1,118.8 | 807.8 | 540.7 |
Gross margin | 28.0% | 28.4% | 29.1% | 23.5% | 23.4% | 23.7% | 23.9% | 24.0% |
Sales and marketing | 1,473.0 | 1,378.0 | 1,412.0 | 1,096.0 | 774.2 | 550.0 | 409.1 | 278.2 |
General and administrative | | | | | | 8.8 | | |
EBITA | -1,353.0 | -93.0 | 362.0 | -929.0 | -472.4 | -234.4 | -195.3 | -80.5 |
EBITA margin | -11.1% | -0.7% | 2.6% | -10.2% | -7.0% | -5.0% | -5.8% | -3.6% |
Amortization of intangibles | | 1.0 | 2.0 | 1.0 | 0.9 | 1.1 | 0.9 | 0.9 |
EBIT | -1,353.0 | -94.0 | 360.0 | -930.0 | -473.3 | -235.5 | -196.2 | -81.4 |
EBIT margin | -11.1% | -0.7% | 2.5% | -10.2% | -7.0% | -5.0% | -5.8% | -3.6% |
Pre-tax income | -1,319.0 | -130.0 | 205.0 | -982.0 | -502.0 | -244.1 | -193.8 | -77.3 |
Income taxes | 12.0 | 1.0 | 20.0 | 3.0 | 2.0 | 0.5 | 0.6 | 0.1 |
Tax rate | | | 9.8% | | | | | |
Net income | -1,331.0 | -131.0 | 185.0 | -985.0 | -504.1 | -244.6 | -194.4 | -77.4 |
Net margin | -10.9% | -1.0% | 1.3% | -10.8% | -7.4% | -5.2% | -5.8% | -3.4% |
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Diluted EPS | ($12.56) | ($1.26) | $1.87 | ($10.71) | ($5.63) | ($2.81) | ($2.29) | ($0.92) |
Shares outstanding (diluted) | 106.0 | 104.0 | 99.0 | 92.0 | 89.5 | 87.0 | 85.0 | 83.7 |
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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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