Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| 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 |
| | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Product sales, net | 401.9 | | | | | | | |
| Research and Development | 131.0 | | | | | | | |
| Total revenues [+] | 532.8 | 366.0 | 353.9 | 306.5 | 251.2 | 159.2 | 81.3 | 50.3 |
| Royalties | 131.0 | | | | | | | |
| Products | 401.9 | | | | | | | 50.3 |
| Revenue growth | 45.6% | 3.4% | 15.5% | 22.0% | 57.8% | 95.8% | 61.7% | 89.4% |
| Cost of goods sold | 131.0 | 5.3 | 5.6 | 5.5 | 5.2 | 3.6 | 2.1 | 1.4 |
| Gross profit | 401.9 | 360.7 | 348.3 | 301.0 | 246.0 | 155.6 | 79.3 | 48.9 |
| Gross margin | 75.4% | 98.6% | 98.4% | 98.2% | 97.9% | 97.8% | 97.5% | 97.3% |
| Selling, general and administrative | 152.8 | 122.4 | 105.3 | 100.4 | 81.3 | 62.4 | 45.2 | 36.9 |
| Research and development | | 113.9 | 114.8 | 89.0 | 75.2 | 40.4 | 23.8 | 15.4 |
| Other operating expenses | 136.4 | | | | | | | |
| EBITDA [+] | | 125.5 | 128.7 | 112.3 | 89.7 | 53.0 | 10.3 | -3.3 |
| EBITDA growth | -10.3% | -2.5% | 14.6% | 25.2% | 69.4% | 415.9% | -412.2% | -88.0% |
| EBITDA margin | 21.1% | 34.3% | 36.4% | 36.6% | 35.7% | 33.3% | 12.6% | -6.5% |
| Depreciation and amortization | | 1.1 | 0.5 | 0.7 | 0.2 | 0.1 | 0.1 | 0.2 |
| EBIT [+] | 112.6 | 124.5 | 128.2 | 111.6 | 89.5 | 52.9 | 10.2 | -3.4 |
| EBIT growth | -9.5% | -2.9% | 14.9% | 24.7% | 69.3% | 419.3% | -395.6% | -87.5% |
| EBIT margin | 21.1% | 34.0% | 36.2% | 36.4% | 35.6% | 33.2% | 12.5% | -6.8% |
| Interest income, net [+] | | 0.5 | 3.4 | 5.1 | 2.7 | | -2.0 | |
| Interest expense | | | | | | | 2.0 | |
| Interest income | | 0.5 | 3.4 | 5.1 | 2.7 | | | |
| Other income (expense), net | 3.6 | | | | | 0.0 | | -3.0 |
| Pre-tax income | 116.2 | 125.0 | 131.6 | 116.7 | 92.2 | 52.8 | 8.1 | -6.4 |
| Income taxes | 0.0 | 12.5 | 25.6 | 22.5 | 16.7 | -76.3 | 0.0 | 0.0 |
| Tax rate | 0.0% | 10.0% | 19.4% | 19.3% | 18.2% | | 0.0% | 0.0% |
| Net income | 101.3 | 112.5 | 106.0 | 94.2 | 75.4 | 129.1 | 8.1 | -6.4 |
| Net margin | 19.0% | 30.7% | 30.0% | 30.7% | 30.0% | 81.1% | 10.0% | -12.7% |
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| Basic EPS [+] | $0.95 | $0.97 | $0.92 | $0.82 | $0.65 | $1.14 | $0.07 | ($0.06) |
| Growth | -2.5% | 5.9% | 11.5% | 26.0% | -42.5% | 1444.9% | -222.8% | -80.7% |
| Diluted EPS [+] | $0.87 | $0.89 | $0.85 | $0.77 | $0.60 | $1.04 | $0.07 | ($0.06) |
| Growth | -2.2% | 4.6% | 11.1% | 29.1% | -42.6% | 1379.6% | -216.9% | -80.7% |
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| Shares outstanding (basic) [+] | 106.8 | 115.7 | 115.4 | 114.3 | 115.3 | 113.5 | 110.6 | 106.9 |
| Growth | -7.7% | 0.2% | 0.9% | -0.9% | 1.6% | 2.7% | 3.4% | 5.8% |
| Shares outstanding (diluted) [+] | 116.0 | 126.0 | 124.2 | 122.6 | 126.7 | 124.5 | 116.1 | 106.9 |
| Growth | -7.9% | 1.4% | 1.3% | -3.3% | 1.7% | 7.2% | 8.7% | 5.8% |
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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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