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 | Dec-31-16 | Dec-31-15 |
| Revenues | 5,335.3 | 3,580.4 | 1,781.0 | 2,600.9 | 3,282.6 | 2,611.0 | 1,099.9 | 1,598.1 |
| Revenue growth | 49.0% | 101.0% | -31.5% | -20.8% | 25.7% | 137.4% | -31.2% | -34.1% |
| Cost of goods sold | 427.0 | 367.3 | 188.3 | 359.9 | 542.2 | 263.2 | 194.0 | 430.6 |
| Gross profit | 4,908.3 | 3,213.2 | 1,592.7 | 2,241.0 | 2,740.4 | 2,347.8 | 905.9 | 1,167.5 |
| Gross margin | 92.0% | 89.7% | 89.4% | 86.2% | 83.5% | 89.9% | 82.4% | 73.1% |
| Selling, general and administrative | 26.8 | 23.6 | 111.6 | 1,132.3 | | | | |
| General and administrative | | | | | 209.8 | 233.4 | 184.8 | 194.0 |
| EBIT | 2,602.3 | 1,052.3 | -846.1 | -1,347.6 | 107.3 | 321.5 | -554.2 | -303.2 |
| EBIT margin | 48.8% | 29.4% | -47.5% | -51.8% | 3.3% | 12.3% | -50.4% | -19.0% |
| Pre-tax income | 1,413.8 | 402.0 | -737.3 | -2,216.6 | -1,777.0 | 82.1 | -802.1 | -1,052.4 |
| Income taxes | 230.5 | -9.7 | -25.6 | -500.3 | -30.5 | -251.0 | -280.8 | -338.7 |
| Tax rate | 16.3% | | 3.5% | 22.6% | 1.7% | | 35.0% | 32.2% |
| Net income | 1,183.4 | 411.8 | -711.8 | -1,716.3 | -1,746.5 | 333.1 | -521.4 | -713.7 |
| Net margin | 22.2% | 11.5% | -40.0% | -66.0% | -53.2% | 12.8% | -47.4% | -44.7% |
| |
| Diluted EPS | $4.80 | $1.65 | ($2.95) | ($6.92) | ($7.09) | $1.36 | ($2.75) | ($4.29) |
| Shares outstanding (diluted) | 246.4 | 249.3 | 241.4 | 248.0 | 246.2 | 245.5 | 189.9 | 166.4 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|