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 | 1,981.9 | 1,146.3 | 475.6 | 18.7 | 34.3 | 31.2 | 15.4 | 36.3 |
Revenue growth | 72.9% | 141.0% | 2448.5% | -45.6% | 10.0% | 103.1% | -57.6% | 18.2% |
Cost of goods sold | 902.6 | 0.0 | 0.0 | 9.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 1,079.2 | 1,146.3 | 475.6 | 9.6 | 34.3 | 31.2 | 15.4 | 36.3 |
Gross margin | 54.5% | 100.0% | 100.0% | 51.7% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | | | | | | | | |
Research and development | 1,235.3 | 2,534.5 | 747.0 | 113.8 | 173.8 | 168.4 | 237.9 | 162.6 |
General and administrative | 488.7 | 298.4 | 145.3 | 34.4 | 34.4 | 34.5 | 46.5 | 30.8 |
EBITA | -644.7 | -1,686.6 | -416.7 | -137.9 | -173.2 | -169.5 | -268.3 | -156.3 |
EBITA margin | -32.5% | -147.1% | -87.6% | -739.0% | -505.2% | -543.7% | -1747.6% | -431.3% |
Amortization of intangibles | | | | 0.7 | 0.7 | 2.2 | 0.8 | 0.9 |
EBIT | -644.7 | -1,686.6 | -416.7 | -138.6 | -173.9 | -171.7 | -269.1 | -157.2 |
EBIT margin | -32.5% | -147.1% | -87.6% | -742.8% | -507.2% | -550.8% | -1752.8% | -433.8% |
Pre-tax income | -653.6 | -1,714.5 | -418.3 | -132.7 | -184.7 | -183.8 | -280.0 | -156.9 |
Income taxes | 4.3 | 29.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | | | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | -657.9 | -1,743.8 | -418.3 | -132.7 | -184.7 | -183.8 | -280.0 | -156.9 |
Net margin | -33.2% | -152.1% | -87.9% | -711.0% | -538.8% | -589.5% | -1823.5% | -432.9% |
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Diluted EPS | ($8.41) | ($23.44) | ($7.27) | ($5.51) | ($9.99) | ($12.56) | ($1.03) | ($0.60) |
Shares outstanding (diluted) | 78.2 | 74.4 | 57.6 | 24.1 | 18.5 | 14.6 | 270.8 | 262.2 |
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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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