Financial Summary (All financials)
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 |
Revenues | 1,720.3 | 2,376.2 | 2,114.9 | 1,533.9 | 0.6 | 0.9 | 13.1 | 0.7 |
Revenue growth | -27.6% | 12.4% | 37.9% | 274116.4% | -36.6% | -93.2% | 1669.2% | -73.4% |
Cost of goods sold | 1,504.3 | 2,050.2 | 1,841.2 | 1,369.1 | 0.8 | 1.7 | 17.2 | 1.1 |
Gross profit | 215.9 | 326.0 | 273.6 | 164.9 | -0.2 | -0.8 | -4.1 | -0.4 |
Gross margin | 12.6% | 13.7% | 12.9% | 10.7% | -35.5% | -87.7% | -31.5% | -48.2% |
Selling, general and administrative | 266.2 | 292.5 | 250.2 | 229.2 | | | | |
Sales and marketing | | | | | 0.0 | 0.0 | 0.9 | 2.8 |
General and administrative | | | | | 3.6 | 3.2 | 4.2 | 4.1 |
EBITA | -49.5 | 28.2 | 26.6 | -35.7 | -8.9 | -4.7 | -8.7 | -6.6 |
EBITA margin | -2.9% | 1.2% | 1.3% | -2.3% | -1591.2% | -533.3% | -66.8% | -892.7% |
Amortization of intangibles | | | | | 0.4 | 0.4 | 0.4 | 0.3 |
EBIT | -49.5 | 28.2 | 26.6 | -35.7 | -9.3 | -5.1 | -9.1 | -6.9 |
EBIT margin | -2.9% | 1.2% | 1.3% | -2.3% | -1655.5% | -573.5% | -69.5% | -935.1% |
Pre-tax income | -43.3 | 30.5 | 32.4 | -12.4 | -8.9 | -5.1 | -9.7 | -6.7 |
Income taxes | 14.1 | -5.8 | 1.9 | 4.6 | 0.0 | 0.0 | -0.1 | 0.0 |
Tax rate | | | 6.0% | | 0.0% | 0.0% | 1.0% | 0.2% |
Earnings from continuing ops | -57.4 | 36.3 | 30.4 | -17.0 | -8.9 | -5.1 | -9.6 | -6.7 |
Earnings from discontinued ops | | | | | | | -0.1 | -3.5 |
Net income | -57.4 | 36.3 | 30.4 | -17.0 | -8.9 | -5.1 | -9.7 | -10.2 |
Net margin | -3.3% | 1.5% | 1.4% | -1.1% | -1592.8% | -582.4% | -74.5% | -1384.7% |
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Diluted EPS | ($0.15) | $0.08 | $0.08 | ($0.05) | ($4.05) | ($0.30) | ($0.92) | ($1.12) |
Shares outstanding (diluted) | 373.1 | 432.3 | 385.0 | 363.3 | 2.2 | 17.3 | 10.4 | 6.0 |
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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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