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 | 9,643.0 | 6,797.0 | 2,813.0 | 3,964.0 | 2,176.0 | 1,205.0 | 527.1 | 446.7 |
Revenue growth | 41.9% | 141.6% | -29.0% | 82.2% | 80.6% | 128.6% | 18.0% | -9.9% |
Cost of goods sold | 611.0 | 425.0 | 195.0 | 248.0 | 338.0 | 201.0 | 34.5 | 121.7 |
Gross profit | 9,032.0 | 6,372.0 | 2,618.0 | 3,716.0 | 1,838.0 | 1,004.0 | 492.7 | 325.0 |
Gross margin | 93.7% | 93.7% | 93.1% | 93.7% | 84.5% | 83.3% | 93.5% | 72.8% |
Selling, general and administrative | 144.0 | 146.0 | 88.0 | 104.0 | 65.0 | 48.0 | 42.6 | 32.0 |
EBIT | 6,599.0 | 4,094.0 | 535.0 | 1,479.0 | 1,011.0 | 605.0 | 176.9 | 74.5 |
EBIT margin | 68.4% | 60.2% | 19.0% | 37.3% | 46.5% | 50.2% | 33.6% | 16.7% |
Pre-tax income | 5,736.0 | 2,907.0 | -5,776.0 | 362.0 | 1,113.0 | 497.0 | -164.7 | -749.1 |
Income taxes | 1,174.0 | 631.0 | -1,104.0 | 47.0 | 168.0 | -20.0 | 0.2 | -201.3 |
Tax rate | 20.5% | 21.7% | 19.1% | 13.0% | 15.1% | | | 26.9% |
Net income | 4,386.0 | 2,182.0 | -4,517.0 | 240.0 | 846.0 | 482.0 | -165.0 | -550.6 |
Net margin | 45.5% | 32.1% | -160.6% | 6.1% | 38.9% | 40.0% | -31.3% | -123.3% |
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Diluted EPS | $24.84 | $12.35 | ($28.59) | $1.46 | $8.06 | $4.93 | ($2.20) | ($8.74) |
Shares outstanding (diluted) | 176.5 | 176.6 | 158.0 | 163.8 | 104.9 | 97.7 | 75.1 | 63.0 |
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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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