Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 3,498.2 | 2,336.0 | 3,502.4 | 3,771.1 | 2,855.0 | 2,390.0 | 3,481.9 | 5,069.8 |
Revenue growth | 49.8% | -33.3% | -7.1% | 32.1% | 19.5% | -31.4% | -31.3% | 8.3% |
Cost of goods sold | 80.7 | 77.1 | 84.9 | 3,445.4 | 2,602.8 | 2,179.1 | 3,188.9 | 4,755.0 |
Gross profit | 3,417.5 | 2,258.9 | 3,417.5 | 325.7 | 252.2 | 210.9 | 293.0 | 314.7 |
Gross margin | 97.7% | 96.7% | 97.6% | 8.6% | 8.8% | 8.8% | 8.4% | 6.2% |
Selling, general and administrative | 82.7 | 81.5 | 78.1 | 80.8 | 87.6 | 84.3 | 94.4 | 76.4 |
EBITA | -25.1 | 88.6 | 87.5 | 134.8 | 74.0 | 44.7 | 111.2 | 160.9 |
EBITA margin | -0.7% | 3.8% | 2.5% | 3.6% | 2.6% | 1.9% | 3.2% | 3.2% |
Amortization of intangibles | 7.1 | 8.6 | 10.2 | 11.9 | 9.8 | 5.2 | 4.4 | 3.2 |
EBIT | -32.2 | 80.0 | 77.3 | 122.9 | 64.2 | 39.5 | 106.8 | 157.7 |
EBIT margin | -0.9% | 3.4% | 2.2% | 3.3% | 2.2% | 1.7% | 3.1% | 3.1% |
Pre-tax income | -66.1 | 41.2 | 34.6 | 84.9 | 33.3 | 12.3 | 80.2 | 128.3 |
Income taxes | 2.8 | 7.4 | 3.3 | 5.0 | 3.8 | 2.1 | 1.8 | -5.5 |
Tax rate | | 17.9% | 9.6% | 5.9% | 11.5% | 17.2% | 2.3% | |
Net income | -68.9 | 25.5 | 25.1 | 71.9 | 25.5 | 8.4 | 78.0 | 118.7 |
Net margin | -2.0% | 1.1% | 0.7% | 1.9% | 0.9% | 0.4% | 2.2% | 2.3% |
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Diluted EPS | ($2.69) | $1.11 | $1.10 | $3.16 | $1.13 | $0.73 | $7.00 | $11.65 |
Shares outstanding (diluted) | 25.7 | 22.9 | 22.8 | 22.7 | 22.5 | 11.6 | 11.1 | 10.2 |
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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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