In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| 10-K | 10-K | 10-K | 10-K | S-1 |
Revenues [+] | 527.5 | 332.0 | 134.3 | 73.4 | 67.4 |
Products | | | | 73.0 | 67.4 |
Revenue growth | 58.9% | 147.2% | 83.0% | 8.9% | |
Cost of goods sold | 92.2 | 76.3 | 63.8 | 61.3 | 1.0 |
Gross profit | 435.3 | 255.7 | 70.5 | 12.2 | 66.4 |
Gross margin | 82.5% | 77.0% | 52.5% | 16.6% | 98.5% |
Selling, general and administrative [+] | 75.8 | 56.6 | 26.8 | 11.1 | 14.6 |
General and administrative | | | | 11.1 | 14.6 |
Other operating expenses | 13.3 | 8.8 | 71.4 | 4.0 | 60.7 |
EBITDA [+] | 346.2 | 190.3 | -27.7 | -2.9 | -6.4 |
EBITDA growth | 81.9% | -787.7% | 843.4% | -54.4% | |
EBITDA margin | 65.6% | 57.3% | -20.6% | -4.0% | -9.5% |
Depreciation and amortization | 18.4 | 24.4 | 6.9 | 4.7 | 2.5 |
EBIT [+] | 327.8 | 165.9 | -34.6 | -7.6 | -8.9 |
EBIT growth | 97.6% | -579.5% | 354.1% | -14.2% | |
EBIT margin | 62.1% | 50.0% | -25.8% | -10.4% | -13.2% |
Non-recurring items [+] | 0.4 | 0.6 | 0.1 | | |
Loss (gain) on sale of assets | 0.4 | 0.6 | 0.1 | | |
Interest expense | 5.8 | 8.9 | 5.0 | 3.4 | 5.4 |
Interest expense | 5.8 | 8.9 | 5.0 | 3.4 | 5.4 |
Other income (expense), net [+] | 19.5 | 3.8 | 0.3 | 4.3 | 0.8 |
Gain (loss) on debt retirement | | | 66.6 | | |
Other | 19.5 | 3.8 | 0.3 | | 0.8 |
Pre-tax income | 341.2 | 160.2 | -39.5 | -6.8 | -13.5 |
Income taxes | 52.1 | 25.2 | -17.6 | 0.0 | 0.0 |
Tax rate | 15.3% | 15.7% | 44.7% | | |
Net income | 289.0 | 135.0 | -21.8 | -6.8 | -13.5 |
Net margin | 54.8% | 40.7% | -16.2% | -9.2% | -20.0% |
|
Basic EPS [+] | $1.64 | $0.78 | ($0.27) | ($0.10) | |
Growth | 110.3% | -384.2% | 169.8% | | |
Diluted EPS [+] | $1.49 | $0.71 | ($0.27) | ($0.10) | |
Growth | 110.0% | -359.7% | 169.8% | | |
|
Shares outstanding (basic) [+] | 176.5 | 173.5 | 79.7 | 66.6 | |
Growth | 1.8% | 117.7% | 19.7% | | |
Shares outstanding (diluted) [+] | 193.5 | 189.8 | 79.7 | 66.6 | |
Growth | 1.9% | 138.2% | 19.7% | | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |