Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 764.6 | 703.8 | 558.7 | 289.6 | 160.7 | 87.8 | 2.1 |
Revenue growth | 8.6% | 26.0% | 92.9% | 80.2% | 83.0% | 4110.8% | |
Cost of goods sold | 455.5 | 414.7 | 328.1 | 67.8 | 29.1 | 16.9 | 8.5 |
Gross profit | 309.2 | 289.1 | 230.7 | 221.8 | 131.6 | 70.9 | -6.5 |
Gross margin | 40.4% | 41.1% | 41.3% | 76.6% | 81.9% | 80.7% | -309.3% |
General and administrative | 24.7 | 25.8 | 25.9 | 14.8 | 9.9 | 2.8 | 6.7 |
EBITA | 298.8 | 315.8 | 218.9 | 184.0 | 112.6 | 61.2 | -24.5 |
EBITA margin | 39.1% | 44.9% | 39.2% | 63.5% | 70.1% | 69.7% | -1174.5% |
Amortization of intangibles | 32.4 | 32.3 | | | | | |
EBIT | 266.4 | 283.5 | 218.9 | 184.0 | 112.6 | 61.2 | -24.5 |
EBIT margin | 34.8% | 40.3% | 39.2% | 63.5% | 70.1% | 69.7% | -1174.5% |
Pre-tax income | 95.2 | 249.5 | 224.7 | 188.7 | 113.8 | 61.3 | -24.3 |
Income taxes | 0.4 | 4.0 | 8.0 | 28.0 | 28.3 | 23.2 | -9.2 |
Tax rate | 0.4% | 1.6% | 3.6% | 14.8% | 24.9% | 37.9% | 37.8% |
Net income | 134.0 | 146.0 | 156.9 | 139.7 | 28.5 | 38.0 | -15.1 |
Net margin | 17.5% | 20.7% | 28.1% | 48.2% | 17.7% | 43.3% | -723.4% |
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Diluted EPS | $1.49 | $3.18 | $3.96 | $4.10 | $0.89 | | |
Shares outstanding (diluted) | 90.2 | 45.9 | 39.6 | 34.1 | 31.8 | | |
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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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