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 | 701.4 | 502.3 | -93.2 | 230.0 | 174.2 | 100.2 | 82.8 | 103.3 |
Revenue growth | 39.6% | -638.8% | -140.5% | 32.0% | 73.9% | 20.9% | -19.8% | 60.8% |
Cost of goods sold | 895.8 | 673.7 | 376.2 | 219.3 | 200.2 | 128.2 | 78.9 | 113.2 |
Gross profit | -194.4 | -171.3 | -469.4 | 10.6 | -26.0 | -28.1 | 3.9 | -9.9 |
Gross margin | -27.7% | -34.1% | 503.5% | 4.6% | -14.9% | -28.0% | 4.8% | -9.6% |
Selling, general and administrative | 363.9 | 179.9 | 79.3 | 58.3 | 50.4 | 45.0 | 34.3 | 34.2 |
Research and development | 99.6 | 64.8 | 27.8 | 15.1 | 12.8 | 28.7 | 21.2 | 14.9 |
EBITA | -673.3 | -419.2 | -575.5 | -46.9 | -75.7 | -101.2 | -50.9 | -58.0 |
EBITA margin | -96.0% | -83.4% | 617.2% | -20.4% | -43.5% | -101.0% | -61.5% | -56.2% |
Amortization of intangibles | 21.2 | 2.5 | 1.1 | 0.7 | 0.7 | 0.6 | 0.6 | 1.0 |
EBIT | -694.5 | -421.6 | -576.6 | -47.6 | -76.4 | -101.8 | -51.5 | -59.0 |
EBIT margin | -99.0% | -83.9% | 618.4% | -20.7% | -43.9% | -101.6% | -62.2% | -57.1% |
Pre-tax income | -723.2 | -476.2 | -627.0 | -83.7 | -94.9 | -127.1 | -57.9 | -55.7 |
Income taxes | 0.8 | -16.2 | -30.8 | 0.0 | -9.3 | 0.0 | -0.4 | 0.0 |
Tax rate | | 3.4% | 4.9% | 0.0% | 9.8% | 0.0% | 0.7% | 0.0% |
Net income | -724.0 | -460.0 | -596.2 | -85.6 | -85.7 | -130.2 | -57.6 | -55.8 |
Net margin | -103.2% | -91.6% | 639.4% | -37.2% | -49.2% | -130.0% | -69.5% | -54.0% |
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Diluted EPS | ($1.25) | ($0.82) | ($1.68) | ($0.36) | ($0.39) | ($0.60) | ($0.32) | ($0.32) |
Shares outstanding (diluted) | 579.7 | 558.2 | 354.8 | 237.2 | 218.9 | 216.3 | 180.6 | 176.1 |
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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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