| 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 |
| Revenues: |
| Royalty income | | | | | | | | 74.9 |
| Other | | | | | | | | 74.9 |
| Revenues [+] | 866.5 | 504.9 | 250.6 | 298.3 | 288.8 | 172.0 | 79.1 | 149.7 |
| Royalties | | | | | | | | 74.9 |
| Oil & gas | | | | | | | | 74.9 |
| Other income | 0.7 | 0.6 | 1.1 | 0.4 | 0.1 | | | |
| Revenue growth [+] | 71.6% | 101.5% | -16.0% | 3.3% | 67.9% | 117.4% | -47.1% | 92.5% |
| Royalty income | | | | | | | | -3.7% |
| Cost of goods sold [+] | 56.4 | 32.6 | 19.8 | 19.1 | 19.0 | 11.4 | 5.5 | 0.3 |
| Direct taxes | | | | | | 10.6 | | |
| Gross profit | 810.1 | 472.4 | 230.8 | 279.2 | 269.8 | 160.6 | 73.6 | 149.5 |
| Gross margin | 93.5% | 93.6% | 92.1% | 93.6% | 93.4% | 93.4% | 93.0% | 99.8% |
| Selling, general and administrative [+] | 8.5 | 7.8 | 8.2 | 7.5 | 8.0 | 6.3 | 5.2 | 5.8 |
| General and administrative | 8.5 | 7.8 | 8.2 | 7.5 | 8.0 | 6.3 | 5.2 | 5.8 |
| Other operating expenses | | | | | | | 30.2 | 119.2 |
| Adjusted EBITDA | | | | | | 156.7 | 71.8 | 63.7 |
| Adjusted EBITDA margin | | | | | | 91.1% | 90.7% | 42.6% |
| Stock-based compensation | | | | | | 2.4 | 3.8 | 3.9 |
| EBITDA [+] | 801.6 | 464.6 | 222.6 | 271.7 | 261.8 | 154.3 | 68.0 | 59.8 |
| EBITDA growth | 72.5% | 108.7% | -18.1% | 3.8% | 69.6% | 127.0% | 13.7% | -12.1% |
| EBITDA margin | 92.5% | 92.0% | 88.8% | 91.1% | 90.7% | 89.7% | 85.9% | 39.9% |
| Depreciation and amortization | 121.1 | 103.0 | 100.5 | 78.2 | 58.8 | 40.5 | 29.8 | 35.4 |
| EBIT [+] | 680.5 | 361.6 | 122.1 | 193.5 | 203.0 | 113.8 | 38.2 | 24.4 |
| EBIT growth | 88.2% | 196.1% | -36.9% | -4.7% | 78.3% | 198.3% | 56.5% | -39.7% |
| EBIT margin | 78.5% | 71.6% | 48.7% | 64.9% | 70.3% | 66.2% | 48.2% | 16.3% |
| Non-recurring items [+] | | | 69.2 | | | | 47.5 | |
| Asset impairment | | | 69.2 | | | | 47.5 | |
| Interest expense | 40.4 | 34.0 | 33.0 | 21.1 | 13.8 | 3.2 | 2.5 | 1.1 |
| Interest expense | 40.4 | 34.0 | 33.0 | 21.1 | 13.8 | 3.2 | 2.5 | 1.1 |
| Other income (expense), net [+] | -17.7 | -69.3 | -70.9 | 7.2 | 1.4 | 0.8 | 0.9 | 1.2 |
| Gain (loss) on investments | | | -8.6 | 4.8 | -0.6 | | | |
| Gain (loss) on derivative instruments | -18.1 | -69.4 | -63.6 | | | | | |
| Other | 0.4 | 0.1 | 1.3 | 2.3 | 1.9 | 0.8 | 0.9 | 1.2 |
| Pre-tax income | 622.4 | 258.2 | -50.9 | 179.6 | 190.5 | 111.5 | -10.9 | 24.4 |
| Income taxes | -32.7 | 1.5 | 142.5 | -41.6 | -72.4 | 0.0 | 0.0 | 0.0 |
| Tax rate | | 0.6% | | | | 0.0% | 0.0% | 0.0% |
| Minority interest | 503.3 | 198.7 | -1.1 | 174.9 | 118.9 | | | |
| Net income | 151.7 | 57.9 | -192.3 | 46.3 | 144.0 | 111.5 | -10.9 | 24.4 |
| Net margin | 17.5% | 11.5% | -76.7% | 15.5% | 49.8% | 64.8% | -13.8% | 16.3% |
| |
| Basic EPS [+] | $2.01 | $0.85 | ($2.84) | $0.75 | $2.01 | $1.07 | ($0.13) | $0.31 |
| Growth | 136.5% | -129.8% | -479.0% | -62.7% | 88.3% | -914.6% | -142.8% | -19.3% |
| Diluted EPS [+] | $2.00 | $0.85 | ($2.84) | $0.75 | $2.01 | $1.07 | ($0.13) | $0.31 |
| Growth | 136.6% | -129.8% | -479.3% | -62.7% | 88.2% | -914.1% | -142.8% | -19.3% |
| |
| Dividends per share [+] | $3.10 | $1.47 | $0.92 | $2.16 | $2.17 | $1.25 | $0.78 | $0.86 |
| Growth | 110.1% | 60.2% | -57.4% | -0.5% | 72.8% | 60.8% | -9.3% | 237.0% |
| |
| Shares outstanding (basic) [+] | 75.6 | 68.3 | 67.7 | 61.7 | 71.5 | 104.3 | 83.1 | 79.7 |
| Growth | 10.7% | 0.9% | 9.6% | -13.7% | -31.4% | 25.6% | 4.2% | 2.1% |
| Shares outstanding (diluted) [+] | 75.7 | 68.4 | 67.7 | 61.8 | 71.6 | 104.4 | 83.1 | 79.7 |
| Growth | 10.7% | 1.0% | 9.5% | -13.7% | -31.4% | 25.6% | 4.2% | 2.1% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |