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 |
| 10-K | 10-K | 10-K | 10-K | 10-K/A | 10-K | 10-K | 10-K |
Revenues: |
UNITED STATES | 972.2 | 634.1 | 217.6 | | | | | |
Other | 36.5 | 4.3 | 0.2 | | | | | |
Total revenues | 1,008.7 | 638.4 | 217.7 | 4.3 | 0.0 | 0.0 | 0.0 | 1.0 |
Revenue growth [+] | 58.0% | 193.2% | 4998.2% | | -100.0% | 70.8% | -97.5% | 22.0% |
UNITED STATES | 53.3% | 191.5% | | | | | | |
Cost of goods sold | 73.4 | 55.6 | 29.5 | 0.0 | 0.0 | 1.2 | 0.0 | 0.8 |
Gross profit | 935.3 | 582.8 | 188.2 | 4.3 | 0.0 | -1.1 | 0.0 | 0.2 |
Gross margin | 92.7% | 91.3% | 86.4% | 100.0% | | -2790.2% | 75.0% | 17.8% |
Selling, general and administrative [+] | 264.8 | 224.8 | 140.8 | 13.8 | 6.7 | | 0.8 | 2.9 |
Sales and marketing | 183.6 | 135.7 | 63.1 | 0.5 | | | 0.5 | 1.9 |
General and administrative [+] | 81.2 | 89.0 | 77.6 | 13.3 | 6.7 | 1.2 | 0.3 | 1.0 |
General and administrative expenses | 81.2 | 89.0 | 77.6 | 13.3 | 6.7 | 1.2 | 0.3 | 0.2 |
Professional fees | | | | | | | | 0.8 |
Other selling, general and administrative | | | | | | -1.2 | 0.5 | 1.9 |
Research and development | 69.3 | 55.4 | 30.2 | | | | 0.2 | |
Other operating expenses | 976.4 | 593.2 | 208.5 | | | | | |
EBITDA [+] | -375.1 | -290.6 | -191.3 | -9.5 | -6.7 | | -0.9 | -2.7 |
EBITDA growth | 29.1% | 51.9% | 1908.9% | 41.2% | 489.7% | 24.5% | -66.3% | 16.6% |
EBITDA margin | -37.2% | -45.5% | -87.8% | -222.9% | | -2790.2% | -3829.2% | -282.8% |
Depreciation | 1.2 | 0.8 | 0.4 | 0.0 | 0.0 | | 0.0 | 0.0 |
EBITA | -376.4 | -291.4 | -191.7 | -9.5 | -6.8 | -1.1 | -0.9 | -2.7 |
EBITA margin | -37.3% | -45.6% | -88.0% | -222.1% | | -2790.2% | -3837.5% | -282.9% |
Amortization of intangibles | 35.5 | 36.9 | 43.6 | 20.8 | 8.2 | | | |
EBIT [+] | -411.9 | -328.3 | -235.3 | -30.3 | -15.0 | -1.1 | -0.9 | -2.7 |
EBIT growth | 25.5% | 39.5% | 676.8% | 102.4% | 1208.0% | 24.2% | -66.2% | 16.5% |
EBIT margin | -40.8% | -51.4% | -108.0% | -709.1% | | -2790.2% | -3837.5% | -282.9% |
Non-recurring items [+] | | | 244.6 | 8.6 | | | 0.3 | 0.3 |
Asset impairment | | | 248.9 | 8.6 | | | 0.3 | 0.3 |
Interest expense | 11.7 | 13.5 | 18.6 | 2.1 | 2.7 | 0.9 | 0.2 | 0.5 |
Interest expense | 11.7 | 13.5 | 18.6 | 2.1 | 2.7 | 0.9 | 0.2 | 0.5 |
Other income (expense), net [+] | -3.2 | -12.7 | -110.5 | -2.5 | 2.4 | 12.5 | -8.5 | -4.0 |
Gain (loss) on investments | | | | -8.3 | | | | |
Gain (loss) on debt retirement | | -0.4 | -24.5 | | 1.9 | | 0.0 | 1.5 |
Gain (loss) on derivative instruments | | | -0.4 | 0.8 | 0.7 | 12.4 | -9.1 | 2.3 |
Gain (loss) on foreign currency transactions | | | -1.0 | 0.0 | | | | |
Change in fair value of warrants | | | | 4.5 | -0.1 | | | |
Other | 1.0 | -0.1 | 0.1 | 0.7 | 0.1 | 0.2 | | 0.0 |
Pre-tax income | -426.7 | -354.5 | -609.1 | -43.4 | -15.2 | 10.5 | -9.9 | -7.6 |
Income taxes | -1.7 | -2.7 | -9.7 | -5.3 | -2.1 | 0.0 | 0.2 | 0.0 |
Tax rate | 0.4% | 0.8% | 1.6% | 12.1% | 13.9% | 0.0% | | 0.4% |
Minority interest | -0.4 | -0.1 | -29.1 | -3.8 | -2.5 | | | 0.0 |
Earnings from continuing ops | -561.5 | -382.8 | -570.5 | -35.0 | -10.6 | 20.9 | -9.9 | -7.6 |
Earnings from discontinued ops | | | | | | 0.0 | -0.2 | |
Net income | -561.5 | -382.8 | -570.5 | -35.0 | -10.6 | 21.0 | -10.1 | -7.6 |
Net margin | -55.7% | -60.0% | -262.0% | -818.5% | | 51119.5% | -41941.7% | -786.0% |
|
Basic EPS [+] | ($3.08) | ($2.78) | ($12.82) | ($1.57) | ($2.37) | $14.21 | ($352.14) | ($1,237.87) |
Growth | 10.5% | -78.3% | 717.4% | -33.7% | -116.7% | -104.0% | -71.6% | 1740756.7% |
Diluted EPS [+] | ($3.08) | ($2.78) | ($12.82) | ($1.57) | ($2.37) | $9.66 | ($352.14) | ($1,237.87) |
Growth | 10.5% | -78.3% | 717.4% | -33.7% | -124.5% | -102.7% | -71.6% | 1740756.7% |
|
Shares outstanding (basic) [+] | 182.5 | 137.5 | 44.5 | 22.3 | 4.5 | 1.5 | 0.0 | 0.0 |
Growth | 32.7% | 209.0% | 99.6% | 397.3% | 204.5% | 5155.8% | 357.5% | -100.0% |
Shares outstanding (diluted) [+] | 182.5 | 137.5 | 44.5 | 22.3 | 4.5 | 2.2 | 0.0 | 0.0 |
Growth | 32.7% | 209.0% | 99.6% | 397.3% | 106.9% | 7632.7% | 357.5% | -100.0% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |