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 | 5,838.5 | 12,914.5 | 15,650.1 | 5,069.1 | 4,209.6 | 4,149.9 |
Revenue growth | -54.8% | -17.5% | 208.7% | 20.4% | 1.4% | |
Cost of goods sold | 2,797.9 | 3,356.8 | 3,238.3 | 2,082.8 | 1,703.5 | 0.0 |
Gross profit | 3,040.6 | 9,557.7 | 12,411.8 | 2,986.3 | 2,506.1 | 4,149.9 |
Gross margin | 52.1% | 74.0% | 79.3% | 58.9% | 59.5% | 100.0% |
Sales and marketing | 945.7 | 1,249.6 | 949.9 | 905.0 | 878.0 | 787.8 |
General and administrative | 906.2 | 1,183.4 | 1,053.1 | 685.0 | 592.5 | 540.6 |
EBITA | -641.3 | 3,949.4 | 7,322.2 | -198.7 | -272.9 | -3,250.7 |
EBITA margin | -11.0% | 30.6% | 46.8% | -3.9% | -6.5% | -78.3% |
Amortization of intangibles | 24.7 | 4.0 | 4.6 | | | |
EBIT | -666.1 | 3,945.4 | 7,317.6 | -198.7 | -272.9 | -3,250.7 |
EBIT margin | -11.4% | 30.6% | 46.8% | -3.9% | -6.5% | -78.3% |
Pre-tax income | 741.9 | 6,184.9 | 9,531.7 | 904.4 | 618.1 | 771.9 |
Income taxes | 42.0 | 112.7 | 132.4 | 7.3 | 3.2 | 0.0 |
Tax rate | 5.7% | 1.8% | 1.4% | 0.8% | 0.5% | 0.0% |
Net income | 46.4 | 308.2 | 198.0 | 0.0 | 0.0 | 770.7 |
Net margin | 0.8% | 2.4% | 1.3% | 0.0% | 0.0% | 18.6% |
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Diluted EPS | $0.02 | $0.15 | $1.70 | | | |
Shares outstanding (diluted) | 1,971.6 | 1,989.4 | 116.2 | | | |
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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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