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 |
| Revenues | 4,117.0 | 2,506.6 | 1,715.5 | 1,180.4 | 824.9 | 404.5 | 58.7 |
| Revenue growth | 64.2% | 46.1% | 45.3% | 43.1% | 104.0% | 589.5% | |
| Cost of goods sold | 1,750.2 | 1,182.5 | 895.8 | 798.9 | 717.5 | 451.7 | 182.3 |
| Gross profit | 2,366.8 | 1,324.1 | 819.7 | 381.6 | 107.5 | -47.2 | -123.7 |
| Gross margin | 57.5% | 52.8% | 47.8% | 32.3% | 13.0% | -11.7% | -210.8% |
| Sales and marketing | 792.8 | 555.5 | 458.6 | 400.8 | 522.6 | 124.4 | 27.2 |
| Research and development | 1,565.5 | 1,101.6 | 883.5 | 772.2 | 1,534.9 | 183.7 | 82.2 |
| General and administrative | 710.6 | 529.2 | 580.9 | 477.0 | 1,535.6 | 165.2 | 148.6 |
| EBITA | -638.9 | -828.6 | -1,069.9 | -1,225.9 | -3,454.1 | -504.2 | -372.2 |
| EBITA margin | -15.5% | -33.1% | -62.4% | -103.8% | -418.7% | -124.6% | -634.5% |
| Amortization of intangibles | 63.2 | 33.5 | 33.4 | 42.6 | 31.5 | 16.2 | 9.5 |
| EBIT | -702.1 | -862.1 | -1,103.3 | -1,268.5 | -3,485.6 | -520.4 | -381.7 |
| EBIT margin | -17.1% | -34.4% | -64.3% | -107.5% | -422.5% | -128.7% | -650.7% |
| Pre-tax income | -474.4 | -926.2 | -1,033.3 | -1,253.4 | -3,463.4 | -521.7 | -380.5 |
| Income taxes | 13.6 | 18.7 | 0.4 | 2.5 | -18.3 | -7.1 | -7.6 |
| Tax rate | | | | | 0.5% | 1.4% | 2.0% |
| Net income | -488.0 | -944.8 | -1,033.7 | -1,255.9 | -3,445.1 | -514.6 | -372.9 |
| Net margin | -11.9% | -37.7% | -60.3% | -106.4% | -417.6% | -127.2% | -635.7% |
| |
| Diluted EPS | ($0.31) | ($0.65) | ($0.75) | ($0.97) | ($2.95) | ($0.64) | ($0.72) |
| Shares outstanding (diluted) | 1,559.0 | 1,455.7 | 1,375.5 | 1,300.6 | 1,166.1 | 807.9 | 514.4 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|