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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Total revenues | 413.8 | 389.5 | 428.4 | 346.6 | 298.3 | 274.0 | 149.6 | 76.4 |
Revenue growth | 6.2% | -9.1% | 23.6% | 16.2% | 8.9% | 83.2% | 95.7% | 234.1% |
Cost of goods sold | 0.0 | 3.1 | 23.9 | 32.8 | 19.1 | 1.9 | 0.0 | 5.3 |
Gross profit | 413.8 | 386.4 | 404.5 | 313.9 | 279.2 | 272.1 | 149.5 | 71.1 |
Gross margin | 100.0% | 99.2% | 94.4% | 90.6% | 93.6% | 99.3% | 100.0% | 93.1% |
Selling, general and administrative | 111.1 | 140.0 | 172.5 | 219.7 | 231.2 | 173.3 | 125.2 | 118.3 |
Research and development | 70.4 | 88.1 | 115.0 | 101.1 | 88.1 | 139.5 | 108.7 | 101.9 |
Other operating expenses | 10.8 | 12.2 | -6.7 | 0.2 | 0.3 | 1.4 | 17.6 | 20.3 |
EBITDA [+] | 223.0 | 149.7 | 129.3 | -3.2 | -34.0 | -30.8 | -90.5 | -157.0 |
EBITDA growth | 48.9% | 15.8% | -4096.4% | -90.5% | 10.5% | -66.0% | -42.4% | -34.6% |
EBITDA margin | 53.9% | 38.4% | 30.2% | -0.9% | -11.4% | -11.2% | -60.5% | -205.5% |
Depreciation | 1.5 | 3.6 | 5.6 | 3.9 | 6.4 | 10.3 | 11.6 | 12.3 |
EBITA | 221.4 | 146.2 | 123.7 | -7.1 | -40.5 | -41.1 | -102.1 | -169.4 |
EBITA margin | 53.5% | 37.5% | 28.9% | -2.0% | -13.6% | -15.0% | -68.3% | -221.6% |
Amortization of intangibles | | | | 8.1 | 6.2 | 1.0 | | |
EBIT [+] | 221.4 | 146.2 | 123.7 | -15.2 | -46.7 | -42.0 | -102.1 | -169.4 |
EBIT growth | 51.5% | 18.1% | -913.8% | -67.4% | 11.0% | -58.8% | -39.7% | -32.8% |
EBIT margin | 53.5% | 37.5% | 28.9% | -4.4% | -15.6% | -15.3% | -68.3% | -221.6% |
Non-recurring items [+] | -10.8 | 3.2 | 3.6 | 135.5 | -31.3 | 9.8 | | |
Asset impairment | | | | 151.8 | | | | |
Loss on contingent liability | | | | -31.0 | -31.3 | 9.8 | | |
Interest expense, net [+] | 30.4 | 28.0 | 33.7 | 34.7 | 34.3 | 38.0 | 30.7 | 20.9 |
Interest expense | 31.2 | 29.5 | 36.6 | 37.7 | 36.4 | 39.2 | 31.1 | 21.2 |
Interest income | 0.7 | 1.5 | 2.9 | 3.0 | 2.1 | 1.2 | 0.4 | 0.3 |
Other income (expense), net [+] | -1.2 | -6.1 | -27.4 | -8.7 | -5.3 | 8.1 | -9.9 | 0.7 |
Gain (loss) on debt retirement | | | -31.0 | | -2.0 | | | |
Unrealized gain/loss on derivatives | -1.2 | -6.1 | 3.0 | -8.7 | -3.3 | 8.1 | -9.9 | |
Other non-operating income | | 0.0 | 0.5 | | | | | 0.7 |
Other | | 0.0 | -0.5 | | | | | 0.7 |
Pre-tax income | 200.7 | 108.9 | 58.9 | -194.1 | -54.9 | -81.7 | -142.7 | -189.6 |
Income taxes | -327.8 | 2.7 | 37.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | | 2.5% | 63.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Earnings from continuing ops | 528.4 | 106.2 | 96.4 | -105.9 | 7.1 | -81.7 | -142.7 | -189.6 |
Earnings from discontinued ops | | | -37.4 | -88.2 | -62.0 | | | |
Net income | 528.4 | 106.2 | 58.9 | -194.1 | -54.9 | -81.7 | -142.7 | -189.6 |
Net margin | 127.7% | 27.3% | 13.8% | -56.0% | -18.4% | -29.8% | -95.4% | -248.1% |
|
Basic EPS [+] | $3.26 | $0.67 | $0.62 | ($0.69) | $0.05 | ($0.56) | ($1.00) | ($1.39) |
Growth | 389.1% | 7.8% | -189.0% | -1554.9% | -108.5% | -43.8% | -27.6% | -41.1% |
Diluted EPS [+] | $3.21 | $0.66 | $0.62 | ($0.69) | $0.05 | ($0.56) | ($1.00) | ($1.39) |
Growth | 386.3% | 7.0% | -189.0% | -1554.9% | -108.5% | -43.8% | -27.6% | -41.1% |
|
Shares outstanding (basic) [+] | 162.2 | 159.4 | 156.0 | 152.6 | 149.0 | 144.9 | 142.2 | 136.8 |
Growth | 1.8% | 2.2% | 2.2% | 2.4% | 2.8% | 2.0% | 3.9% | 18.1% |
Shares outstanding (diluted) [+] | 164.4 | 160.7 | 156.0 | 152.6 | 149.0 | 144.9 | 142.2 | 136.8 |
Growth | 2.3% | 3.0% | 2.2% | 2.4% | 2.8% | 2.0% | 3.9% | 18.1% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |