Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
Revenues | 1,567.0 | 2,418.3 | 2,700.5 | 1,697.3 |
Revenue growth | -35.2% | -10.5% | 59.1% | |
Cost of goods sold | 3,084.6 | 3,542.9 | 2,758.3 | -124.4 |
Gross profit | -1,517.6 | -1,124.7 | -57.8 | 1,821.8 |
Gross margin | -96.9% | -46.5% | -2.1% | 107.3% |
Selling, general and administrative | 1,010.6 | 1,604.7 | 2,793.7 | 1,349.6 |
EBITA | -2,712.5 | -2,084.7 | -3,193.6 | -1,676.5 |
EBITA margin | -173.1% | -86.2% | -118.3% | -98.8% |
Amortization of intangibles | 27.0 | 31.1 | 61.7 | 27.1 |
EBIT | -2,739.5 | -2,115.8 | -3,255.3 | -1,703.6 |
EBIT margin | -174.8% | -87.5% | -120.5% | -100.4% |
Pre-tax income | -4,628.1 | -3,814.4 | -3,729.3 | -1,928.3 |
Income taxes | 3.5 | 19.5 | 45.6 | -0.9 |
Tax rate | | | | 0.0% |
Net income | -4,631.6 | -3,833.9 | -3,774.9 | -1,927.4 |
Net margin | -295.6% | -158.5% | -139.8% | -113.6% |
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Diluted EPS | ($17.57) | ($27.25) | ($27.13) | ($11.81) |
Shares outstanding (diluted) | 263.6 | 140.7 | 139.2 | 163.1 |
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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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