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 | 1,437.2 | 1,427.4 | 693.2 | 821.4 | 651.6 | 332.0 | 222.1 | 234.3 |
Revenue growth | 0.7% | 105.9% | -15.6% | 26.1% | 96.3% | 49.5% | -5.2% | 59.0% |
Cost of goods sold | 383.1 | 306.3 | 271.0 | 313.7 | 260.4 | 210.0 | 198.4 | 231.6 |
Gross profit | 1,054.1 | 1,121.1 | 422.2 | 507.7 | 391.1 | 122.0 | 23.7 | 2.7 |
Gross margin | 73.3% | 78.5% | 60.9% | 61.8% | 60.0% | 36.7% | 10.7% | 1.2% |
General and administrative | 56.8 | 39.5 | 31.9 | 34.8 | 34.0 | 31.0 | 24.6 | 23.6 |
EBIT | 610.1 | 741.7 | 85.5 | 82.8 | 150.0 | 36.3 | -64.7 | -82.8 |
EBIT margin | 42.5% | 52.0% | 12.3% | 10.1% | 23.0% | 10.9% | -29.1% | -35.3% |
Pre-tax income | 566.1 | 680.4 | 9.8 | -16.1 | 58.4 | -9.6 | -154.1 | -458.2 |
Income taxes | 0.2 | 0.0 | 0.2 | 0.1 | 0.1 | 0.2 | 0.3 | 0.0 |
Tax rate | 0.0% | 0.0% | 1.6% | | 0.1% | | | 0.0% |
Net income | 566.0 | 680.5 | 9.7 | -16.2 | 58.4 | -9.8 | -154.2 | -458.2 |
Net margin | 39.4% | 47.7% | 1.4% | -2.0% | 9.0% | -2.9% | -69.4% | -195.6% |
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Diluted EPS | $5.52 | $6.71 | $0.10 | ($0.17) | $0.76 | ($0.16) | ($3.24) | ($11.71) |
Shares outstanding (diluted) | 102.5 | 101.5 | 96.3 | 93.7 | 77.3 | 63.0 | 47.6 | 39.1 |
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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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