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 | 3,231.0 | 2,045.0 | 1,033.1 | 671.6 | 587.6 | 366.5 | 200.9 | 137.5 |
Revenue growth | 58.0% | 97.9% | 53.8% | 14.3% | 60.3% | 82.5% | 46.1% | 14.5% |
Cost of goods sold | 159.9 | 100.2 | 62.6 | 42.7 | 35.8 | 22.4 | 11.9 | 36.8 |
Gross profit | 3,071.0 | 1,944.9 | 970.5 | 628.9 | 551.9 | 344.1 | 189.0 | 100.7 |
Gross margin | 95.1% | 95.1% | 93.9% | 93.6% | 93.9% | 93.9% | 94.1% | 73.2% |
General and administrative | 57.4 | 50.5 | 37.2 | 45.3 | 35.3 | 27.1 | 26.3 | 28.3 |
EBIT | 1,681.3 | 1,052.6 | 129.5 | 247.0 | 259.5 | 141.4 | 48.3 | -0.7 |
EBIT margin | 52.0% | 51.5% | 12.5% | 36.8% | 44.2% | 38.6% | 24.1% | -0.5% |
Pre-tax income | 1,221.6 | 365.3 | -2,411.6 | 103.2 | 308.5 | 121.7 | -91.8 | -201.7 |
Income taxes | 11.8 | 0.2 | 122.1 | 35.3 | 8.1 | 1.3 | 0.0 | 38.5 |
Tax rate | 1.0% | 0.0% | | 34.2% | 2.6% | 1.0% | 0.0% | |
Net income | 1,209.8 | 365.2 | -2,533.6 | 55.6 | 293.1 | 113.1 | -99.1 | -248.0 |
Net margin | 37.4% | 17.9% | -245.2% | 8.3% | 49.9% | 30.9% | -49.3% | -180.4% |
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Diluted EPS | $19.54 | $7.26 | ($63.79) | $2.38 | $13.46 | $0.56 | ($0.78) | ($3.77) |
Shares outstanding (diluted) | 61.9 | 50.3 | 39.7 | 23.3 | 21.8 | 202.1 | 126.3 | 65.7 |
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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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