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Recent News + Filings   (All items)

Financial Summary   (All financials)
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
Revenues5,838.512,914.515,650.15,069.14,209.64,149.9
            Revenue growth-54.8%-17.5%208.7%20.4%1.4% 
Cost of goods sold2,797.93,356.83,238.32,082.81,703.50.0
Gross profit3,040.69,557.712,411.82,986.32,506.14,149.9
            Gross margin52.1%74.0%79.3%58.9%59.5%100.0%
Sales and marketing945.71,249.6949.9905.0878.0787.8
General and administrative906.21,183.41,053.1685.0592.5540.6
EBITA-641.33,949.47,322.2-198.7-272.9-3,250.7
            EBITA margin-11.0%30.6%46.8%-3.9%-6.5%-78.3%
Amortization of intangibles24.74.04.6   
EBIT-666.13,945.47,317.6-198.7-272.9-3,250.7
            EBIT margin-11.4%30.6%46.8%-3.9%-6.5%-78.3%
Pre-tax income741.96,184.99,531.7904.4618.1771.9
Income taxes42.0112.7132.47.33.20.0
            Tax rate5.7%1.8%1.4%0.8%0.5%0.0%
Net income46.4308.2198.00.00.0770.7
            Net margin0.8%2.4%1.3%0.0%0.0%18.6%
 
Diluted EPS$0.02$0.15$1.70   
Shares outstanding (diluted)1,971.61,989.4116.2   
 
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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