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 | 985.3 | 1,540.6 | 943.3 | 746.5 | 885.8 | 684.6 | 613.4 | 551.9 |
Revenue growth | -36.0% | 63.3% | 26.4% | -15.7% | 29.4% | 11.6% | 11.1% | 6.4% |
Cost of goods sold | 24.2 | 26.5 | 30.0 | 20.2 | 19.0 | 17.1 | 18.7 | 15.1 |
Gross profit | 961.1 | 1,514.1 | 913.2 | 726.3 | 866.9 | 667.5 | 594.7 | 536.8 |
Gross margin | 97.5% | 98.3% | 96.8% | 97.3% | 97.9% | 97.5% | 97.0% | 97.3% |
Selling, general and administrative | | | | | | | | |
Research and development | 39.3 | 35.4 | 32.2 | 31.6 | 29.7 | 25.2 | 22.0 | 18.3 |
General and administrative | 32.4 | 15.4 | 12.8 | 41.5 | 67.6 | 50.6 | 33.1 | 20.9 |
EBIT | 228.4 | 530.1 | 267.6 | 140.2 | 226.8 | 164.3 | 166.2 | 142.0 |
EBIT margin | 23.2% | 34.4% | 28.4% | 18.8% | 25.6% | 24.0% | 27.1% | 25.7% |
Pre-tax income | 216.3 | 536.3 | 270.1 | 147.5 | 238.5 | 350.4 | 166.7 | 144.1 |
Income taxes | 47.6 | 113.3 | 51.7 | 11.8 | 30.4 | 223.8 | 24.8 | 23.8 |
Tax rate | 22.0% | 21.1% | 19.1% | 8.0% | 12.8% | 63.9% | 14.9% | 16.6% |
Net income | 0.0 | 0.0 | 0.0 | 0.0 | 140.7 | 29.4 | 38.4 | 33.1 |
Net margin | 0.0% | 0.0% | 0.0% | 0.0% | 15.9% | 4.3% | 6.3% | 6.0% |
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Diluted EPS | $0.00 | $0.00 | $0.00 | $0.00 | $2.78 | $0.78 | $1.58 | $1.55 |
Shares outstanding (diluted) | 70.3 | 68.4 | 60.7 | 55.5 | 50.7 | 37.7 | 24.2 | 21.4 |
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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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