Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 1,733.8 | 1,330.5 | 1,002.4 | 1,434.7 | 1,484.8 | 1,553.2 | 1,699.1 | -433.7 |
Revenue growth | 30.3% | 32.7% | -30.1% | -3.4% | -4.4% | -8.6% | -491.8% | -113.2% |
Cost of goods sold | 118.5 | 131.7 | 170.6 | 179.8 | 164.3 | 151.6 | 150.3 | 155.6 |
Gross profit | 1,615.3 | 1,198.8 | 831.8 | 1,254.9 | 1,320.5 | 1,401.6 | 1,548.8 | -589.3 |
Gross margin | 93.2% | 90.1% | 83.0% | 87.5% | 88.9% | 90.2% | 91.2% | 135.9% |
Selling, general and administrative | | | | | | | | |
General and administrative | 253.6 | 312.7 | 372.9 | 479.9 | 283.9 | 349.1 | 250.2 | 209.3 |
EBITA | 3,314.7 | -3,984.5 | -4,582.3 | 467.9 | 1,441.8 | 1,669.2 | -605.0 | -4,563.2 |
EBITA margin | 191.2% | -299.5% | -457.1% | 32.6% | 97.1% | 107.5% | -35.6% | 1052.1% |
Amortization of intangibles | 7.2 | | | | | | 7.3 | 1.4 |
EBIT | 3,307.5 | -3,984.5 | -4,582.3 | 467.9 | 1,441.8 | 1,669.2 | -612.3 | -4,564.6 |
EBIT margin | 190.8% | -299.5% | -457.1% | 32.6% | 97.1% | 107.5% | -36.0% | 1052.5% |
Pre-tax income | 2,401.0 | -918.2 | -2,173.9 | 51.8 | 1,576.0 | 1,431.2 | 463.8 | -837.0 |
Income taxes | 4.7 | -28.4 | -10.8 | -2.4 | 7.0 | -1.6 | -2.0 | 5.3 |
Tax rate | 0.2% | 3.1% | 0.5% | | 0.4% | | | |
Net income | 2,282.4 | -1,033.2 | -2,299.4 | -74.9 | 1,460.0 | 1,351.5 | 394.6 | -914.1 |
Net margin | 131.6% | -77.7% | -229.4% | -5.2% | 98.3% | 87.0% | 23.2% | 210.8% |
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Diluted EPS | $1.60 | ($0.73) | ($1.60) | ($0.06) | $1.37 | $1.39 | $0.42 | ($0.96) |
Shares outstanding (diluted) | 1,428.6 | 1,414.7 | 1,434.9 | 1,209.6 | 1,066.4 | 970.1 | 947.3 | 947.5 |
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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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