Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 581.6 | 267.3 | 76.5 | 33.9 | 16.3 |
Revenue growth | 117.6% | 249.3% | 126.1% | 107.9% | |
Cost of goods sold | 34.6 | 20.5 | 5.4 | 5.6 | 2.0 |
Gross profit | 547.0 | 246.8 | 71.1 | 28.3 | 14.2 |
Gross margin | 94.0% | 92.3% | 93.0% | 83.5% | 87.5% |
General and administrative | 122.5 | 466.1 | 11.7 | 7.4 | 7.3 |
EBIT | 131.5 | -348.9 | 8.0 | -8.6 | -4.1 |
EBIT margin | 22.6% | -130.5% | 10.5% | -25.4% | -24.9% |
Pre-tax income | 231.9 | -394.0 | -9.8 | -7.5 | 0.0 |
Income taxes | 66.5 | 57.9 | 0.0 | 0.0 | 0.0 |
Tax rate | 28.7% | | 0.0% | 0.0% | |
Net income | 165.5 | -451.9 | -9.8 | -7.5 | 0.0 |
Net margin | 28.4% | -169.1% | -12.8% | -22.1% | 0.0% |
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Diluted EPS | $0.78 | ($2.12) | ($30.00) | | |
Shares outstanding (diluted) | 213.2 | 212.9 | 0.3 | | |
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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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