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 | 1,278.0 | 1,359.0 | 2,444.0 | 2,682.0 | 2,461.0 | 0.0 | 3,122.0 | 1,297.0 |
Revenue growth | -6.0% | -44.4% | -8.9% | 9.0% | | -100.0% | 140.7% | -6.6% |
Cost of goods sold | 1,062.0 | 1,334.0 | 2,138.0 | 2,321.0 | 2,250.0 | 0.0 | 3,035.0 | 1,267.0 |
Gross profit | 216.0 | 25.0 | 306.0 | 361.0 | 211.0 | 0.0 | 87.0 | 30.0 |
Gross margin | 16.9% | 1.8% | 12.5% | 13.5% | 8.6% | | 2.8% | 2.3% |
Selling, general and administrative | 76.0 | 77.0 | 104.0 | 102.0 | 107.0 | 0.0 | 0.0 | 70.0 |
EBITA | -6.0 | -116.0 | 15.0 | 153.0 | -12.0 | -1.0 | -155.0 | -39.0 |
EBITA margin | -0.5% | -8.5% | 0.6% | 5.7% | -0.5% | | -5.0% | -3.0% |
Amortization of intangibles | | | | | | | | 1.0 |
EBIT | -6.0 | -116.0 | 15.0 | 153.0 | -12.0 | -1.0 | -155.0 | -40.0 |
EBIT margin | -0.5% | -8.5% | 0.6% | 5.7% | -0.5% | | -5.0% | -3.1% |
Pre-tax income | -6.0 | -110.0 | -21.0 | 171.0 | -38.0 | 0.0 | -425.0 | -356.0 |
Income taxes | -3.0 | -9.0 | -91.0 | 0.0 | -8.0 | 0.0 | -3.0 | -3.0 |
Tax rate | 50.0% | 8.2% | 433.3% | 0.0% | 21.1% | | 0.7% | 0.8% |
Net income | -3.0 | -101.0 | 70.0 | 171.0 | -30.0 | 0.0 | -422.0 | -353.0 |
Net margin | -0.2% | -7.4% | 2.9% | 6.4% | -1.2% | | -13.5% | -27.2% |
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Diluted EPS | ($0.10) | ($2.95) | $1.99 | $4.87 | ($0.87) | | ($5.19) | ($6.62) |
Shares outstanding (diluted) | 30.9 | 34.2 | 35.1 | 35.1 | 34.4 | | 81.3 | 53.3 |
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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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