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 |
Revenues | 7,646.4 | 3,696.7 | 2,551.6 | 1,686.3 | 723.3 | 157.9 |
Revenue growth | 106.8% | 44.9% | 51.3% | 133.1% | 358.0% | |
Cost of goods sold | 3,425.8 | 1,508.7 | 1,013.3 | 774.7 | 340.3 | 71.5 |
Gross profit | 4,220.6 | 2,188.0 | 1,538.4 | 911.6 | 382.9 | 86.4 |
Gross margin | 55.2% | 59.2% | 60.3% | 54.1% | 52.9% | 54.7% |
General and administrative | 52.7 | 32.0 | 25.7 | 18.2 | 11.0 | 7.7 |
EBIT | -956.4 | -849.0 | -855.7 | 67.1 | -59.2 | -51.2 |
EBIT margin | -12.5% | -23.0% | -33.5% | 4.0% | -8.2% | -32.4% |
Pre-tax income | -1,067.2 | -835.9 | -869.9 | -415.1 | -291.5 | -87.6 |
Income taxes | 13.1 | 0.3 | -2.5 | -0.9 | -10.4 | -1.3 |
Tax rate | | | 0.3% | 0.2% | 3.6% | 1.5% |
Net income | -1,104.0 | -845.5 | -879.0 | -421.0 | -295.7 | -87.6 |
Net margin | -14.4% | -22.9% | -34.4% | -25.0% | -40.9% | -55.4% |
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Diluted EPS | ($0.25) | ($0.32) | ($0.55) | ($0.56) | ($0.95) | ($0.92) |
Shares outstanding (diluted) | 4,334.1 | 2,645.2 | 1,598.2 | 748.8 | 309.7 | 95.6 |
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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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