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 | 19,374.9 | 510.6 | 246.1 | 229.7 | 174.3 | 72.4 | 65.8 | 62.8 |
Revenue growth | 3694.4% | 107.5% | 7.1% | 31.7% | 140.7% | 10.1% | 4.7% | -12.5% |
Cost of goods sold | 1,072.2 | 67.2 | 32.5 | 24.7 | 20.2 | 22.4 | 18.4 | 15.5 |
Gross profit | 18,302.7 | 443.4 | 213.6 | 204.9 | 154.1 | 50.0 | 47.4 | 47.4 |
Gross margin | 94.5% | 86.8% | 86.8% | 89.2% | 88.4% | 69.1% | 72.0% | 75.4% |
Selling, general and administrative | 591.2 | 176.5 | 121.5 | 137.0 | 87.4 | 42.0 | 37.5 | 34.3 |
Research and development | 155.0 | 48.8 | 24.3 | 21.9 | 20.5 | 12.6 | 9.5 | 10.9 |
EBITA | 17,555.4 | 216.1 | 69.2 | 45.5 | 45.5 | 1.0 | 3.7 | 2.0 |
EBITA margin | 90.6% | 42.3% | 28.1% | 19.8% | 26.1% | 1.4% | 5.7% | 3.1% |
Amortization of intangibles | 0.2 | 0.1 | | | | | | |
EBIT | 17,555.2 | 216.0 | 69.2 | 45.5 | 45.5 | 1.0 | 3.7 | 2.0 |
EBIT margin | 90.6% | 42.3% | 28.1% | 19.8% | 26.1% | 1.4% | 5.7% | 3.1% |
Pre-tax income | 17,563.0 | 216.6 | 70.8 | 46.6 | 45.0 | -0.4 | 2.8 | 2.3 |
Income taxes | 3,104.1 | 31.4 | 5.6 | 10.5 | 8.3 | 2.7 | 3.0 | 2.1 |
Tax rate | 17.7% | 14.5% | 7.9% | 22.5% | 18.5% | | 108.3% | 88.1% |
Net income | 8,461.5 | 104.4 | 39.8 | 21.8 | 25.8 | -0.6 | -1.4 | -1.5 |
Net margin | 43.7% | 20.4% | 16.2% | 9.5% | 14.8% | -0.8% | -2.2% | -2.4% |
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Diluted EPS | $74.22 | $0.92 | $0.36 | $0.34 | $0.45 | ($0.01) | ($0.03) | ($0.03) |
Shares outstanding (diluted) | 114.0 | 113.7 | 109.7 | 65.0 | 57.1 | 56.9 | 56.3 | 56.1 |
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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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