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 | 3,345.9 | 2,597.9 | 1,126.2 | 1,585.8 | 1,636.4 | 1,253.8 | 1,178.4 | 1,557.0 |
Revenue growth | 28.8% | 130.7% | -29.0% | -3.1% | 30.5% | 6.4% | -24.3% | -38.3% |
Cost of goods sold | 1,716.8 | 2,339.5 | 1,138.6 | 1,574.7 | 1,125.7 | 507.9 | 597.6 | 1,783.1 |
Gross profit | 1,629.2 | 258.4 | -12.4 | 11.0 | 510.7 | 745.9 | 580.9 | -226.2 |
Gross margin | 48.7% | 9.9% | -1.1% | 0.7% | 31.2% | 59.5% | 49.3% | -14.5% |
Selling, general and administrative | 62.4 | 74.3 | 1,057.0 | 85.3 | 105.1 | 70.8 | 145.3 | |
General and administrative | | | | | | | | 157.7 |
EBIT | 1,409.5 | 77.4 | 52.5 | -195.8 | 702.0 | -319.9 | -1,131.5 | -529.4 |
EBIT margin | 42.1% | 3.0% | 4.7% | -12.4% | 42.9% | -25.5% | -96.0% | -34.0% |
Pre-tax income | 1,395.8 | 46.2 | -956.7 | -231.0 | 651.8 | -343.8 | -1,201.9 | -722.9 |
Income taxes | 283.8 | 9.9 | -192.1 | -44.0 | 143.4 | -183.0 | -444.2 | -275.2 |
Tax rate | 20.3% | 21.5% | 20.1% | 19.1% | 22.0% | 53.2% | 37.0% | 38.1% |
Net income | 1,112.0 | 36.2 | -764.6 | -187.0 | 508.4 | -160.8 | -757.7 | -447.7 |
Net margin | 33.2% | 1.4% | -67.9% | -11.8% | 31.1% | -12.8% | -64.3% | -28.8% |
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Diluted EPS | $8.96 | $0.29 | ($6.72) | ($1.66) | $4.48 | ($1.44) | ($9.90) | ($6.61) |
Shares outstanding (diluted) | 124.1 | 123.7 | 113.7 | 112.5 | 113.5 | 111.4 | 76.6 | 67.7 |
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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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