Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-20 | Dec-31-19 |
| Revenues | 573.2 | 1,800.1 | 0.0 |
| Cost of goods sold | 691.7 | 897.9 | 0.0 |
| Gross profit | -118.5 | 902.3 | 0.0 |
| Gross margin | -20.7% | 50.1% | |
| Selling, general and administrative | 491.1 | 433.3 | |
| Research and development | 56.7 | 34.3 | |
| General and administrative | 456.9 | 395.9 | 0.3 |
| EBITA | -714.1 | 508.9 | -0.3 |
| EBITA margin | -124.6% | 28.3% | |
| Amortization of intangibles | 53.8 | 2.5 | |
| EBIT | -767.9 | 506.4 | -0.3 |
| EBIT margin | -134.0% | 28.1% | |
| Pre-tax income | -732.1 | 500.3 | 4.2 |
| Income taxes | -16.5 | 2.3 | 0.0 |
| Tax rate | 2.3% | 0.5% | 0.0% |
| Net income | -715.5 | 497.9 | 4.2 |
| Net margin | -124.8% | 27.7% | |
| |
| Diluted EPS | ($3.80) | | |
| Shares outstanding (diluted) | 188.2 | | |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|