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 | 1,601.8 | 864.9 | 598.3 | 1,222.4 | 1,721.0 | 1,595.2 | 729.0 | 1,263.8 |
Revenue growth | 85.2% | 44.6% | -51.1% | -29.0% | 7.9% | 118.8% | -42.3% | -45.9% |
Cost of goods sold | 1,088.1 | 663.3 | 480.7 | 919.6 | 1,183.0 | 1,050.8 | 607.9 | 986.1 |
Gross profit | 513.6 | 201.7 | 117.6 | 302.8 | 538.0 | 544.4 | 121.1 | 277.7 |
Gross margin | 32.1% | 23.3% | 19.6% | 24.8% | 31.3% | 34.1% | 16.6% | 22.0% |
Selling, general and administrative | 148.6 | 123.6 | 123.7 | 168.1 | 168.2 | 159.2 | 150.7 | 156.6 |
General and administrative | 0.0 | | | 0.0 | | | | |
EBIT | 279.1 | 5.4 | -319.2 | -35.7 | 206.7 | 221.7 | -246.9 | -149.9 |
EBIT margin | 17.4% | 0.6% | -53.3% | -2.9% | 12.0% | 13.9% | -33.9% | -11.9% |
Pre-tax income | 289.6 | 16.4 | -309.4 | -113.1 | 221.3 | 232.8 | -239.4 | -153.0 |
Income taxes | 71.3 | 9.2 | -97.2 | -26.0 | 45.9 | 70.3 | -98.1 | -53.5 |
Tax rate | 24.6% | 56.1% | 31.4% | 23.0% | 20.7% | 30.2% | 41.0% | 34.9% |
Net income | 218.4 | 7.2 | -212.2 | -87.1 | 175.4 | 162.5 | -141.2 | -99.6 |
Net margin | 13.6% | 0.8% | -35.5% | -7.1% | 10.2% | 10.2% | -19.4% | -7.9% |
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Diluted EPS | $1.02 | $0.03 | ($1.00) | ($0.41) | $0.82 | $0.76 | ($0.66) | ($0.47) |
Shares outstanding (diluted) | 213.3 | 213.0 | 212.5 | 212.2 | 212.7 | 214.3 | 214.2 | 210.3 |
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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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