Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 |
Revenues | 721.6 | 19,636.8 |
Revenue growth | -96.3% | |
Cost of goods sold | 119.1 | 129.8 |
Gross profit | 602.5 | 19,507.0 |
Gross margin | 83.5% | 99.3% |
Sales and marketing | 2,674.2 | 18,952.4 |
Research and development | 418.1 | 433.7 |
General and administrative | 697.3 | 1,012.5 |
EBIT | -3,146.6 | -891.6 |
EBIT margin | -436.1% | -4.5% |
Pre-tax income | -3,149.5 | -881.9 |
Income taxes | 0.0 | -228.6 |
Tax rate | 0.0% | 25.9% |
Net income | 0.0 | 0.0 |
Net margin | 0.0% | 0.0% |
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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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