Overview Financials News + Filings Key Docs Charts Ownership
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| 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 |
| | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
| Revenues: |
| Polysilicon | | | | | | | 149.4 | 157.1 |
| Wafer | | | | | | | 56.1 | 54.9 |
| Another customer | | | | | 39.2 | | | |
| Other | | | | | 284.0 | | | |
| Total revenues | 1,678.8 | 675.6 | 350.0 | 301.6 | 323.2 | 196.2 | 182.0 | 182.6 |
| Revenue growth [+] | 148.5% | 93.0% | 16.0% | -6.7% | 64.7% | 7.8% | -0.3% | 67.5% |
| Polysilicon | | | | | | | -4.9% | |
| Wafer | | | | | | | 2.3% | |
| Cost of goods sold | 581.6 | 441.6 | 269.9 | 203.5 | 179.2 | 118.4 | 144.5 | 139.3 |
| Gross profit | 1,097.2 | 234.0 | 80.1 | 98.1 | 144.0 | 77.8 | 37.5 | 43.3 |
| Gross margin | 65.4% | 34.6% | 22.9% | 32.5% | 44.6% | 39.7% | 20.6% | 23.7% |
| Selling, general and administrative | 39.9 | 39.5 | 32.5 | 27.1 | 16.0 | 15.1 | 12.6 | 10.3 |
| Research and development | 6.5 | 6.9 | 5.7 | 2.7 | 0.7 | 3.9 | 0.9 | 1.5 |
| Other operating expenses | -0.6 | -0.2 | -5.5 | -12.9 | -3.5 | -2.3 | -0.6 | -0.6 |
| EBITDA [+] | 1,128.8 | 256.5 | 94.9 | 108.9 | 158.6 | 83.8 | 56.0 | 60.0 |
| EBITDA growth | 340.0% | 170.5% | -12.9% | -31.3% | 89.4% | 49.7% | -6.8% | -119.6% |
| EBITDA margin | 67.2% | 38.0% | 27.1% | 36.1% | 49.1% | 42.7% | 30.7% | 32.9% |
| Depreciation and amortization | 77.4 | 68.7 | 47.4 | 27.7 | 27.8 | 22.6 | 31.4 | 28.0 |
| EBIT [+] | 1,051.4 | 187.9 | 47.5 | 81.2 | 130.8 | 61.1 | 24.6 | 32.0 |
| EBIT growth | 459.7% | 295.6% | -41.5% | -37.9% | 114.0% | 148.5% | -23.2% | -108.9% |
| EBIT margin | 62.6% | 27.8% | 13.6% | 26.9% | 40.5% | 31.2% | 13.5% | 17.5% |
| Non-recurring items [+] | | | | | | | -1.6 | |
| Asset impairment | | | | | | | -1.6 | |
| Interest expense, net [+] | 20.5 | 25.7 | 9.4 | 9.5 | 15.8 | 12.6 | 12.7 | 15.3 |
| Interest expense | 20.5 | 25.7 | 9.4 | 10.8 | 16.3 | 12.7 | 13.2 | 15.7 |
| Interest income | | | | 1.2 | 0.5 | 0.1 | 0.5 | 0.3 |
| Other income (expense), net [+] | 4.0 | | -0.2 | 1.8 | 0.0 | 0.0 | 0.6 | -0.1 |
| Gain (loss) on foreign currency transactions | | | -0.2 | 1.8 | 0.0 | 0.0 | 0.6 | -0.1 |
| Pre-tax income | 1,034.9 | 162.1 | 37.9 | 73.5 | 115.0 | 48.6 | 14.2 | 16.6 |
| Income taxes | 170.1 | 28.2 | 9.6 | 11.7 | 17.3 | 7.4 | 1.1 | 0.0 |
| Tax rate | 16.4% | 17.4% | 25.4% | 15.9% | 15.1% | 15.1% | 8.0% | 0.0% |
| Minority interest | 115.9 | 4.6 | 0.0 | 0.6 | 1.0 | 0.4 | 0.1 | |
| Earnings from continuing ops | 748.9 | 263.3 | 28.3 | 123.0 | 194.3 | 40.8 | 13.0 | 16.6 |
| Earnings from discontinued ops | | -0.1 | 1.3 | -23.0 | -3.8 | 2.7 | | |
| Net income | 748.9 | 263.1 | 29.5 | 99.9 | 190.5 | 43.5 | 13.0 | 16.6 |
| Net margin | 44.6% | 38.9% | 8.4% | 33.1% | 58.9% | 22.2% | 7.1% | 9.1% |
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| Basic EPS [+] | $2.03 | $0.74 | $0.08 | $0.39 | $0.73 | $0.16 | $0.05 | $0.08 |
| Growth | 173.5% | 790.8% | -78.9% | -46.2% | 370.5% | 210.3% | -37.8% | -119.7% |
| Diluted EPS [+] | $1.95 | $0.70 | $0.08 | $0.38 | $0.71 | $0.15 | $0.05 | $0.08 |
| Growth | 178.0% | 769.3% | -78.6% | -47.0% | 362.4% | 210.7% | -37.1% | -119.2% |
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| Shares outstanding (basic) [+] | 369.3 | 355.1 | 339.6 | 311.7 | 265.1 | 261.7 | 258.0 | 206.3 |
| Growth | 4.0% | 4.6% | 8.9% | 17.6% | 1.3% | 1.4% | 25.0% | 19.2% |
| Shares outstanding (diluted) [+] | 383.8 | 375.0 | 350.0 | 325.5 | 272.9 | 264.8 | 261.4 | 211.4 |
| Growth | 2.3% | 7.2% | 7.5% | 19.3% | 3.1% | 1.3% | 23.7% | 22.1% |
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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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