Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 2,470.8 | 965.8 | 1,990.3 | 2,155.1 | 1,489.9 | 374.8 | 455.4 |
Revenue growth | 155.8% | -51.5% | -7.6% | 44.7% | 297.5% | -17.7% | |
Cost of goods sold | 2,249.9 | 858.0 | 1,621.2 | 1,628.8 | 1,147.0 | 354.7 | 393.3 |
Gross profit | 220.9 | 107.8 | 369.2 | 526.4 | 342.8 | 20.0 | 62.1 |
Gross margin | 8.9% | 11.2% | 18.5% | 24.4% | 23.0% | 5.3% | 13.6% |
General and administrative | 123.4 | 84.1 | 97.6 | 98.4 | 80.1 | 35.8 | 28.8 |
EBIT | -179.7 | -177.8 | 108.8 | 297.9 | 181.4 | -57.1 | -3.1 |
EBIT margin | -7.3% | -18.4% | 5.5% | 13.8% | 12.2% | -15.2% | -0.7% |
Pre-tax income | -177.8 | -191.5 | 88.9 | 329.8 | 168.5 | -60.6 | 0.0 |
Income taxes | 9.2 | -30.9 | 14.1 | 40.4 | 0.0 | 0.0 | 0.0 |
Tax rate | | 16.1% | 15.8% | 12.2% | 0.0% | 0.0% | |
Net income | -170.0 | -146.4 | 53.1 | 175.4 | 168.5 | -60.6 | -9.1 |
Net margin | -6.9% | -15.2% | 2.7% | 8.1% | 11.3% | -16.2% | -2.0% |
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Diluted EPS | ($0.98) | ($1.72) | $0.50 | $1.49 | | ($0.93) | |
Shares outstanding (diluted) | 174.0 | 85.2 | 105.3 | 117.8 | | 65.4 | |
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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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