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Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Rental income        132.5 
    Tenant reimbursements and other income        20.8 
Total revenues   [+]0.00.00.00.00.00.0153.3147.9
            Revenue growth       -100.0%3.7% 
Cost of goods sold   [+]81.548.855.948.032.328.827.831.6
Gross profit  -81.5-48.8-55.9-48.0-32.3-28.8125.5116.3
            Gross margin        81.9%78.6%
Selling, general and administrative   [+]32.916.70.217.211.316.89.28.7
Equity in earnings  7.140.90.50.7    
Other operating expenses  -330.9-191.0-278.3-228.6-162.5-156.5 8.5
EBITDA   [+]217.5164.9220.6161.8117.7109.8115.290.2
            EBITDA margin        75.2%61.0%
Depreciation  106.232.543.838.218.817.717.616.4
EBITA  111.2132.5176.7123.698.992.097.773.8
            EBITA margin        63.7%49.9%
Amortization of intangibles  48.616.724.621.58.68.48.4 
EBIT   [+]62.6115.8152.2102.190.383.689.273.8
            EBIT margin        58.2%49.9%
Non-recurring items   [+]101.31.119.6  1.00.0 
Interest expense, net   [+]277.435.651.550.115.92.42.32.1
Other income (expense), net   [+]22.2 -0.1     
Pre-tax income  -293.979.081.052.074.480.186.971.7
Income taxes  0.00.30.3-0.20.00.00.00.0
            Tax rate   0.3%0.3% 0.0%0.1%0.1%0.1%
Minority interest  -60.1 -0.9     
Net income  -226.7119.782.152.574.480.186.971.6
            Net margin        56.7%48.4%
   
Basic EPS   [+]($3.47)$1.84$1.26$0.81$1.16$1.78$1.93$1.59
Diluted EPS   [+]($3.47)$1.84$1.26$0.81$1.16$1.78$1.93$1.59
   
Dividends per share   [+]$0.68$1.32$1.32$1.32$0.93   
   
Shares outstanding (basic)   [+]65.265.265.165.064.145.045.045.0
Shares outstanding (diluted)   [+]65.265.265.165.164.145.045.045.0
   
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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