| 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 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF | | 44 | | | | | |
| Japan | 168 | 75 | 98 | 160 | 117 | 92 | |
| UNITED STATES | 139 | 60 | 53 | 75 | 82 | 79 | |
| Other | 507 | 242 | 138 | 153 | 244 | 177 | |
| Total revenues | 813 | 420 | 288 | 388 | 443 | 347 | 264 |
| Revenue growth [+] | 93.4% | 45.9% | -25.8% | -12.2% | 27.4% | 31.5% | |
| Japan | 123.2% | -23.1% | -39.1% | 37.7% | 26.4% | | |
| UNITED STATES | 132.2% | 13.9% | -30.1% | -8.7% | 5.0% | | |
| China | 90.6% | 189.3% | 3.9% | -55.1% | 69.7% | | |
| Cost of goods sold | 418 | 332 | 251 | 274 | 236 | 200 | 176 |
| Gross profit | 396 | 88 | 37 | 115 | 206 | 148 | 88 |
| Gross margin | 48.7% | 21.0% | 12.8% | 29.6% | 46.6% | 42.5% | 33.4% |
| Selling, general and administrative | 55 | 50 | 45 | 41 | 21 | 13 | 12 |
| Research and development | 4 | 3 | 4 | 3 | 4 | 3 | 3 |
| Equity in earnings | 15 | 6 | 1 | 1 | | | |
| Other operating expenses | 1 | 2 | -1 | 6 | 25 | 22 | 13 |
| EBITDA [+] | 379 | 64 | 15 | 87 | 174 | 125 | 75 |
| EBITDA growth | 490.8% | 324.5% | -82.5% | -50.3% | 39.2% | 67.2% | |
| EBITDA margin | 46.6% | 15.2% | 5.2% | 22.3% | 39.4% | 36.0% | 28.3% |
| Depreciation and amortization | 28 | 25 | 25 | 21 | 18 | 16 | 15 |
| EBIT [+] | 351 | 39 | -10 | 66 | 156 | 109 | 60 |
| EBIT growth | 800.0% | -493.9% | -115.1% | -58.1% | 43.2% | 82.0% | |
| EBIT margin | 43.2% | 9.3% | -3.4% | 16.9% | 35.3% | 31.4% | 22.7% |
| Non-recurring items [+] | 8 | 4 | 11 | 6 | 3 | 9 | 1 |
| Asset impairment | 8 | 4 | 11 | 6 | 3 | 9 | |
| Interest expense | | 0 | 0 | | 0 | | 1 |
| Interest expense | | 0 | 0 | | 0 | | 1 |
| Other income (expense), net [+] | -8 | -11 | -1 | -2 | 0 | -31 | -4 |
| Gain (loss) on debt retirement | 0 | | 0 | | | | |
| Other non-operating gains/losses | -22 | | | | | | |
| Pre-tax income | 335 | 24 | -22 | 58 | 154 | 69 | 55 |
| Income taxes | 62 | 23 | -6 | 8 | 27 | 28 | 7 |
| Tax rate | 18.5% | 97.5% | 25.9% | 13.1% | 17.6% | 39.9% | 13.6% |
| Net income | 274 | 1 | -16 | 50 | 127 | 42 | 47 |
| Net margin | 33.6% | 0.1% | -5.7% | 12.9% | 28.6% | 11.9% | 17.8% |
| |
| Basic EPS [+] | $1.59 | $0.00 | ($0.11) | $0.34 | $0.99 | $0.34 | $0.38 |
| Growth | 40946.2% | -103.5% | -132.4% | -65.3% | 193.8% | -11.9% | |
| Diluted EPS [+] | $1.36 | $0.00 | ($0.11) | $0.34 | $0.99 | $0.34 | $0.38 |
| Growth | 41571.7% | -102.9% | -132.5% | -65.4% | 193.8% | -11.9% | |
| |
| Shares outstanding (basic) [+] | 172 | 155 | 146 | 146 | 128 | 123 | 123 |
| Growth | 11.1% | 5.8% | 0.1% | 14.3% | 3.8% | 0.0% | |
| Shares outstanding (diluted) [+] | 202 | 184 | 146 | 146 | 128 | 123 | 123 |
| Growth | 9.4% | 26.1% | -0.1% | 14.6% | 3.8% | 0.0% | |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |