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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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Total revenues [+] | 666.8 | 541.5 | 429.6 | 418.9 | 332.4 | 284.3 | 276.4 | 249.0 |
Royalties | | | | | | | 2.9 | 3.1 |
Products | | | | | | | 270.1 | 244.5 |
Revenue growth | 23.1% | 26.0% | 2.6% | 26.0% | 16.9% | 2.9% | 11.0% | 26.0% |
Cost of goods sold | 199.3 | 140.3 | 117.3 | 106.7 | 86.8 | 87.9 | 110.1 | 71.8 |
Gross profit | 467.5 | 401.3 | 312.3 | 312.2 | 245.6 | 196.4 | 166.3 | 177.2 |
Gross margin | 70.1% | 74.1% | 72.7% | 74.5% | 73.9% | 69.1% | 60.2% | 71.1% |
Selling, general and administrative | 254.5 | 199.3 | 193.5 | 200.8 | 177.3 | 161.5 | 152.6 | 139.0 |
Research and development | 84.8 | 55.5 | 59.4 | 72.1 | 55.7 | 57.3 | 45.7 | 28.7 |
Other operating expenses | 10.9 | 42.9 | 5.2 | 23.1 | -3.3 | 2.6 | | |
EBITDA [+] | 151.5 | 118.5 | 66.3 | 30.1 | 29.1 | -11.1 | -19.1 | 20.9 |
EBITDA growth | 27.9% | 78.8% | 120.4% | 3.4% | -361.9% | -41.9% | -191.3% | 329.8% |
EBITDA margin | 22.7% | 21.9% | 15.4% | 7.2% | 8.7% | -3.9% | -6.9% | 8.4% |
Depreciation | 34.2 | 15.0 | 12.0 | 13.9 | 13.2 | 13.8 | 12.9 | 11.2 |
EBITA | 117.3 | 103.5 | 54.2 | 16.2 | 15.9 | -24.9 | -32.0 | 9.8 |
EBITA margin | 17.6% | 19.1% | 12.6% | 3.9% | 4.8% | -8.8% | -11.6% | 3.9% |
Amortization of intangibles | 57.3 | 13.6 | 7.9 | 5.7 | | | | 0.3 |
EBIT [+] | 60.0 | 89.9 | 46.4 | 10.5 | 15.9 | -24.9 | -32.0 | 9.5 |
EBIT growth | -33.3% | 94.0% | 342.3% | -34.2% | -163.8% | -22.1% | -438.7% | -283.1% |
EBIT margin | 9.0% | 16.6% | 10.8% | 2.5% | 4.8% | -8.8% | -11.6% | 3.8% |
Interest expense, net [+] | 35.4 | 30.9 | 21.0 | 16.3 | 15.5 | 14.0 | 5.7 | 7.0 |
Interest expense | 40.0 | 31.8 | 25.7 | 23.6 | 21.9 | 18.0 | 7.1 | 7.7 |
Interest income | 4.5 | 0.9 | 4.6 | 7.4 | 6.5 | 4.1 | 1.3 | 0.7 |
Other income (expense), net [+] | -11.3 | -2.7 | -5.2 | -5.0 | -0.9 | -3.6 | -0.1 | -0.3 |
Gain (loss) on debt retirement | | | -8.1 | | | -3.7 | | -0.1 |
Other | -11.3 | -2.7 | 2.9 | -5.0 | -0.9 | 0.2 | -0.1 | -0.2 |
Pre-tax income | 13.3 | 56.4 | 20.1 | -10.7 | -0.4 | -42.5 | -37.8 | 2.1 |
Income taxes | -2.6 | 14.4 | -125.4 | 0.3 | 0.0 | 0.1 | 0.1 | 0.3 |
Tax rate | | 25.6% | | | | | | 12.5% |
Net income | 15.9 | 42.0 | 145.5 | -11.0 | -0.5 | -42.6 | -37.9 | 1.9 |
Net margin | 2.4% | 7.8% | 33.9% | -2.6% | -0.1% | -15.0% | -13.7% | 0.7% |
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Basic EPS [+] | $0.35 | $0.95 | $3.41 | ($0.27) | ($0.01) | ($1.07) | ($1.02) | $0.05 |
Growth | -63.2% | -72.2% | -1385.2% | 2204.9% | -98.9% | 5.0% | -2106.4% | -113.1% |
Diluted EPS [+] | $0.34 | $0.92 | $3.33 | ($0.27) | ($0.01) | ($1.07) | ($1.02) | $0.04 |
Growth | -62.8% | -72.4% | -1355.4% | 2204.9% | -98.9% | 5.0% | -2367.9% | -111.6% |
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Shares outstanding (basic) [+] | 45.5 | 44.3 | 42.7 | 41.5 | 40.9 | 39.8 | 37.2 | 36.5 |
Growth | 2.8% | 3.7% | 2.8% | 1.5% | 2.8% | 6.9% | 1.9% | 3.5% |
Shares outstanding (diluted) [+] | 46.5 | 45.6 | 43.7 | 41.5 | 40.9 | 39.8 | 37.2 | 41.3 |
Growth | 2.0% | 4.5% | 5.2% | 1.5% | 2.8% | 6.9% | -9.8% | 17.0% |
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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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