Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 191.1 | 354.6 | 317.2 | 289.0 | 297.1 | 0.0 | 445.7 | 352.5 |
Revenue growth | -46.1% | 11.8% | 9.8% | -2.7% | -1236127.5% | -100.0% | 26.4% | 44.7% |
Cost of goods sold | 195.9 | 188.0 | 207.8 | 245.4 | 230.1 | 0.0 | 225.2 | 261.9 |
Gross profit | -4.9 | 166.6 | 109.4 | 43.6 | 67.0 | 0.0 | 220.5 | 90.6 |
Gross margin | -2.5% | 47.0% | 34.5% | 15.1% | 22.6% | 100.0% | 49.5% | 25.7% |
General and administrative | 15.6 | 17.6 | 13.5 | 12.7 | 12.6 | 0.0 | 9.8 | 14.9 |
EBIT | -84.2 | 81.2 | 32.0 | -37.5 | -54.7 | 0.0 | 128.1 | -4.8 |
EBIT margin | -44.0% | 22.9% | 10.1% | -13.0% | -18.4% | 118.7% | 28.7% | -1.4% |
Pre-tax income | -171.3 | 50.1 | -10.3 | -87.6 | -196.5 | 0.0 | 117.2 | -14.7 |
Income taxes | 0.1 | 0.1 | 0.1 | -0.1 | -0.1 | 0.0 | -0.1 | 0.0 |
Tax rate | | 0.1% | | 0.1% | 0.0% | 0.0% | | 0.3% |
Net income | -171.3 | 50.0 | -10.4 | -95.3 | -205.0 | 0.0 | 114.6 | -13.2 |
Net margin | -89.7% | 14.1% | -3.3% | -33.0% | -69.0% | 0.0% | 25.7% | -3.7% |
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Diluted EPS | ($1.05) | $0.34 | ($0.07) | ($0.67) | ($1.97) | $0.00 | $1.29 | ($0.15) |
Shares outstanding (diluted) | 162.5 | 149.3 | 142.6 | 142.0 | 103.8 | 2.1 | 89.2 | 85.4 |
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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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