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 | 902.0 | 604.0 | 1,560.0 | 1,615.0 | 1,569.0 | 1,532.0 | 1,565.0 | 1,329.0 |
| Revenue growth | 49.3% | -61.3% | -3.4% | 2.9% | 2.4% | -2.1% | 17.8% | 28.5% |
| Cost of goods sold | 286.0 | 275.0 | 387.0 | 356.0 | 329.0 | 369.0 | 345.0 | 294.0 |
| Gross profit | 616.0 | 329.0 | 1,173.0 | 1,259.0 | 1,240.0 | 1,163.0 | 1,220.0 | 1,035.0 |
| Gross margin | 68.3% | 54.5% | 75.2% | 78.0% | 79.0% | 75.9% | 78.0% | 77.9% |
| Selling, general and administrative | 651.0 | 502.0 | 874.0 | 966.0 | 1,021.0 | 918.0 | 935.0 | 667.0 |
| Research and development | | | | | | | | |
| EBITA | -63.0 | -205.0 | 269.0 | 270.0 | 194.0 | 221.0 | 264.0 | 350.0 |
| EBITA margin | -7.0% | -33.9% | 17.2% | 16.7% | 12.4% | 14.4% | 16.9% | 26.3% |
| Amortization of intangibles | 122.0 | 136.0 | 139.0 | 137.0 | 188.0 | 198.0 | 245.0 | 279.0 |
| EBIT | -185.0 | -341.0 | 130.0 | 133.0 | 6.0 | 23.0 | 19.0 | 71.0 |
| EBIT margin | -20.5% | -56.5% | 8.3% | 8.2% | 0.4% | 1.5% | 1.2% | 5.3% |
| Pre-tax income | -5.0 | -1,014.0 | -132.0 | 48.0 | -1,810.0 | 46.0 | 4.0 | 44.0 |
| Income taxes | -43.0 | -152.0 | -16.0 | 57.0 | -229.0 | -1.0 | -10.0 | 35.0 |
| Tax rate | 860.0% | 15.0% | 12.1% | 118.8% | 12.7% | | | 79.5% |
| Net income | -191.0 | -388.0 | -22.0 | -64.0 | -397.0 | 21.0 | -40.0 | -22.0 |
| Net margin | -21.2% | -64.2% | -1.4% | -4.0% | -25.3% | 1.4% | -2.6% | -1.7% |
| |
| Diluted EPS | ($2.48) | ($5.11) | ($0.29) | ($0.86) | ($5.29) | $0.28 | ($0.53) | ($0.30) |
| Shares outstanding (diluted) | 77.0 | 76.0 | 75.0 | 74.0 | 75.0 | 75.0 | 75.0 | 74.0 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|