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 |
Revenues | 19,263.0 | 18,471.0 | 803.0 | 60.0 | 135.1 | 205.8 | 108.4 |
Revenue growth | 4.3% | 2200.2% | 1238.3% | -55.6% | -34.4% | 89.9% | |
Cost of goods sold | 5,416.0 | 2,617.0 | 8.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 13,847.0 | 15,854.0 | 795.0 | 60.0 | 135.1 | 205.8 | 108.4 |
Gross margin | 71.9% | 85.8% | 99.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 1,132.0 | | | | | | |
Research and development | | 1,991.0 | 1,370.0 | 496.0 | 454.1 | 410.5 | 274.7 |
General and administrative | | 567.0 | 188.0 | 110.0 | 94.3 | 64.7 | 57.5 |
EBIT | 9,420.0 | 13,937.0 | -756.0 | -546.0 | -413.3 | -269.4 | -223.8 |
EBIT margin | 48.9% | 75.5% | -94.1% | -910.0% | -306.0% | -130.9% | -206.4% |
Pre-tax income | 9,575.0 | 13,285.0 | -744.0 | -515.0 | -384.4 | -256.0 | -215.2 |
Income taxes | 1,213.0 | 1,083.0 | 3.0 | -1.0 | 0.3 | -0.1 | 1.0 |
Tax rate | 12.7% | 8.2% | | 0.2% | | 0.0% | |
Net income | 0.0 | 12,202.0 | -747.0 | -514.0 | -401.9 | -269.8 | -230.3 |
Net margin | 0.0% | 66.1% | -93.0% | -856.7% | -297.5% | -131.1% | -212.5% |
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Diluted EPS | | $28.31 | ($1.96) | ($1.55) | ($4.95) | ($4.18) | ($3.79) |
Shares outstanding (diluted) | | 431.0 | 381.0 | 331.0 | 81.1 | 64.5 | 60.7 |
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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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