Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 |
Revenues | 964.3 | 1,305.4 | 1,082.8 |
Revenue growth | -26.1% | 20.6% | |
Cost of goods sold | 654.0 | 747.4 | 667.0 |
Gross profit | 310.3 | 558.0 | 415.8 |
Gross margin | 32.2% | 42.7% | 38.4% |
General and administrative | 121.2 | 168.8 | 73.2 |
EBIT | -185.1 | -51.0 | -143.9 |
EBIT margin | -19.2% | -3.9% | -13.3% |
Pre-tax income | -4,238.9 | -909.1 | -1,237.2 |
Income taxes | -260.4 | -38.5 | -106.6 |
Tax rate | 6.1% | 4.2% | 8.6% |
Earnings from continuing ops | -7,956.9 | -1,397.4 | -1,770.1 |
Earnings from discontinued ops | | -3.8 | |
Net income | -7,956.9 | -1,401.2 | -1,770.1 |
Net margin | -825.2% | -107.3% | -163.5% |
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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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