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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
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Virgin Galactic Holdings, Inc (SPCE)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   8-K10-K10-K10-K10-K/A10-K
Revenues  2.33.30.23.82.81.8
            Revenue growth  -29.8%1283.2%-93.7%32.7%62.4% 
Cost of goods sold  0.00.30.22.01.20.5
Gross profit  2.33.00.11.81.61.3
            Gross margin  100.0%91.7%27.3%47.0%57.8%72.2%
Selling, general and administrative  175.1173.2116.682.250.946.9
Research and development  314.2149.4158.8132.9117.993.1
Other operating expenses  1.9     
EBITDA   [+]-488.9-308.0-265.5-206.3-161.4-133.6
            EBITDA margin  -21145.6%-9356.5%-111555.9%-5455.2%-5664.4%-7614.4%
Depreciation and amortization  11.111.59.87.05.85.1
EBIT   [+]-500.0-319.5-275.3-213.3-167.2-138.7
            EBIT margin  -21625.6%-9706.4%-115665.5%-5640.4%-5868.2%-7907.9%
Interest income, net   [+]0.41.22.22.30.60.2
Other income (expense), net   [+]0.1-34.5-371.8-4.128.60.5
Pre-tax income  -499.6-352.8-644.9-215.1-138.0-138.0
Income taxes  0.00.10.00.10.10.2
            Tax rate  0.0%     
Net income  -505.6-352.9-644.9-215.1-138.1-138.2
            Net margin  -21868.9%-10719.9%-270960.9%-5689.4%-4848.7%-7878.4%
   
Basic EPS   [+]($1.92)($1.43)($2.94)($1.11)($0.71)($0.71)
Diluted EPS   [+]($1.92)($1.43)($2.94)($1.11)($0.71)($0.71)
   
Shares outstanding (basic)   [+]263.9247.6219.1194.4193.7193.7
Shares outstanding (diluted)   [+]263.9247.6219.1194.4193.7193.7
   
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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