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Recent News + Filings   (All items)

Financial Summary   (All financials)
In millions, except per share itemsDec-31-19Dec-31-18Dec-31-17
Revenues5,119.94,209.54,149.9
            Revenue growth21.6%1.4% 
Cost of goods sold5,967.30.00.0
Gross profit-847.44,209.54,149.9
            Gross margin-16.6%100.0%100.0%
Sales and marketing905.0878.0787.8
General and administrative683.1591.4540.6
EBIT-4,867.9-3,002.6-3,250.7
            EBIT margin-95.1%-71.3%-78.3%
Pre-tax income898.4615.3771.9
Income taxes0.00.00.0
            Tax rate0.0%0.0%0.0%
Net income893.8612.9770.7
            Net margin17.5%14.6%18.6%
 
 
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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