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 | 1,019.3 | 23.9 | 1,003.8 | 1,024.6 | 614.3 | 455.3 | 358.3 | 265.4 |
Revenue growth | 4164.4% | -97.6% | -2.0% | 66.8% | 34.9% | 27.1% | 35.0% | |
Cost of goods sold | 231.9 | 281.4 | 280.1 | 288.9 | 193.9 | 160.4 | 137.9 | 0.0 |
Gross profit | 787.5 | -257.5 | 723.7 | 735.7 | 420.4 | 294.9 | 220.4 | 265.4 |
Gross margin | 77.3% | -1077.4% | 72.1% | 71.8% | 68.4% | 64.8% | 61.5% | 100.0% |
Selling, general and administrative | 69.3 | | | | | | | 93.2 |
General and administrative | 40.7 | 63.9 | 61.8 | 61.0 | 22.7 | 12.1 | 8.8 | |
EBITA | 479.1 | 305.2 | 585.3 | 610.2 | 233.2 | 229.8 | 125.1 | 81.1 |
EBITA margin | 47.0% | 1277.0% | 58.3% | 59.6% | 38.0% | 50.5% | 34.9% | 30.5% |
Amortization of intangibles | 15.1 | 16.8 | 19.2 | 23.6 | 13.0 | 12.4 | 10.0 | 9.4 |
EBIT | 464.0 | 288.4 | 566.1 | 586.6 | 220.2 | 217.3 | 115.0 | 71.6 |
EBIT margin | 45.5% | 1206.7% | 56.4% | 57.3% | 35.8% | 47.7% | 32.1% | 27.0% |
Pre-tax income | 513.0 | 255.7 | 540.0 | 566.2 | 181.0 | 207.4 | 97.9 | 84.2 |
Income taxes | 108.2 | 29.9 | 112.9 | 119.0 | 87.9 | 67.4 | 31.8 | 25.5 |
Tax rate | 21.1% | 11.7% | 20.9% | 21.0% | 48.6% | 32.5% | 32.5% | 30.3% |
Net income | 396.9 | 217.9 | 419.1 | 439.3 | 91.0 | 140.0 | 66.1 | 58.7 |
Net margin | 38.9% | 911.5% | 41.8% | 42.9% | 14.8% | 30.7% | 18.5% | 22.1% |
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Diluted EPS | $2.07 | $1.12 | $2.03 | $1.95 | $0.58 | $1.07 | $0.60 | $0.70 |
Shares outstanding (diluted) | 191.7 | 194.4 | 206.1 | 224.8 | 158.1 | 131.2 | 110.3 | 83.9 |
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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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