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 |
Revenues | 255.6 | 961.5 | 1,377.3 | 199.7 | 164.3 |
Revenue growth | -73.4% | -30.2% | 589.6% | 21.6% | |
Cost of goods sold | 256.9 | 494.2 | 403.2 | 156.2 | 109.6 |
Gross profit | -1.2 | 467.3 | 974.1 | 43.5 | 54.7 |
Gross margin | -0.5% | 48.6% | 70.7% | 21.8% | 33.3% |
Selling, general and administrative | | | | 38.2 | 49.7 |
General and administrative | 60.3 | 95.5 | 67.1 | 21.4 | 29.2 |
EBITA | -131.6 | 245.0 | 801.6 | -33.2 | -6.5 |
EBITA margin | -51.5% | 25.5% | 58.2% | -16.6% | -3.9% |
Amortization of intangibles | | | 0.8 | 2.1 | |
EBIT | -131.6 | 245.0 | 800.8 | -35.3 | -6.5 |
EBIT margin | -51.5% | 25.5% | 58.1% | -17.7% | -3.9% |
Pre-tax income | -179.1 | 208.9 | 788.7 | -41.4 | -42.0 |
Income taxes | 41.9 | -58.0 | 198.6 | -9.5 | 2.6 |
Tax rate | | | 25.2% | 22.9% | |
Earnings from continuing ops | -163.5 | 166.3 | 607.0 | -29.2 | -31.4 |
Earnings from discontinued ops | | | | | 7.2 |
Net income | -163.5 | 166.3 | 607.0 | -29.2 | -24.2 |
Net margin | -63.9% | 17.3% | 44.1% | -14.6% | -14.7% |
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Diluted EPS | ($1.18) | $1.19 | $4.45 | ($0.21) | |
Shares outstanding (diluted) | 138.6 | 140.0 | 136.4 | 139.1 | |
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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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