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 | 1,458.6 | 1,075.7 | 763.5 | 591.2 | 401.9 | 290.5 | 192.1 |
Revenue growth | 35.6% | 40.9% | 29.2% | 47.1% | 38.3% | 51.2% | |
Cost of goods sold | 430.0 | 285.3 | 198.5 | 185.5 | 102.7 | 79.1 | 61.0 |
Gross profit | 1,028.7 | 790.4 | 565.0 | 405.7 | 299.2 | 211.5 | 131.1 |
Gross margin | 70.5% | 73.5% | 74.0% | 68.6% | 74.4% | 72.8% | 68.3% |
Sales and marketing | 892.0 | 643.3 | 431.8 | 440.3 | 192.1 | 140.5 | 95.9 |
Research and development | 427.2 | 324.2 | 212.8 | 242.1 | 65.9 | 40.7 | 22.3 |
General and administrative | 758.5 | 876.7 | 175.5 | 717.4 | 74.2 | 26.5 | 21.9 |
EBITA | -989.2 | -1,039.7 | -253.6 | -992.7 | -33.1 | 3.1 | -10.5 |
EBITA margin | -67.8% | -96.7% | -33.2% | -167.9% | -8.2% | 1.1% | -5.5% |
Amortization of intangibles | 53.3 | 14.1 | 1.5 | 1.5 | | | |
EBIT | -1,042.5 | -1,053.8 | -255.1 | -994.1 | -33.1 | 3.1 | -10.5 |
EBIT margin | -71.5% | -98.0% | -33.4% | -168.2% | -8.2% | 1.1% | -5.5% |
Pre-tax income | -1,040.6 | -1,047.2 | -256.0 | -994.6 | -33.0 | 4.5 | -11.0 |
Income taxes | 20.9 | 12.0 | 16.5 | 13.0 | 4.4 | 1.9 | 1.0 |
Tax rate | | | | | | 42.7% | |
Net income | -1,061.5 | -1,059.1 | -272.5 | -1,007.6 | -37.3 | 0.0 | 0.0 |
Net margin | -72.8% | -98.5% | -35.7% | -170.5% | -9.3% | 0.0% | 0.0% |
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Diluted EPS | ($1.82) | ($2.05) | ($0.64) | | | $0.00 | $0.00 |
Shares outstanding (diluted) | 584.3 | 516.9 | 423.3 | | | 2.9 | 2.5 |
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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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