In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Other | | | | 6.9 | |
Operating Portfolio Segment | | | | 131.3 | 127.4 |
Other | | | | 5.5 | 4.8 |
Total revenues | 190.3 | 169.8 | 151.5 | 143.7 | 132.2 |
Revenue growth [+] | 12.1% | 12.1% | 5.4% | 8.7% | |
Operating Portfolio Segment | | | | 3.1% | |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 190.3 | 169.8 | 151.5 | 143.7 | 132.2 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative [+] | 270.4 | 185.5 | 165.8 | 7.1 | 5.8 |
General and administrative | | | | 7.1 | 5.8 |
Equity in earnings | | | | 1.5 | |
Other operating expenses | 270.4 | 185.5 | | 60.9 | 54.8 |
EBITDA [+] | -191.6 | -116.4 | 63.6 | 77.3 | 71.6 |
EBITDA growth | 64.6% | -283.0% | -17.7% | 8.0% | |
EBITDA margin | -100.6% | -68.5% | 42.0% | 53.8% | 54.2% |
Depreciation and amortization | 159.0 | 84.7 | 78.0 | 64.0 | 49.4 |
EBIT [+] | -350.5 | -201.1 | -14.4 | 13.2 | 22.2 |
EBIT growth | 74.3% | 1300.8% | -208.4% | -40.4% | |
EBIT margin | -184.2% | -118.4% | -9.5% | 9.2% | 16.8% |
Non-recurring items | 6.5 | 6.2 | | | |
Interest expense, net [+] | -4.1 | -2.3 | -0.1 | 18.6 | 19.6 |
Interest expense | 73.8 | 52.9 | 27.5 | 18.6 | 19.6 |
Interest income | 4.1 | 2.3 | 0.1 | 0.0 | 0.0 |
Other income (expense), net [+] | 536.2 | 239.4 | 25.8 | 2.1 | 1.1 |
Other | | | | 2.1 | 1.1 |
Pre-tax income | 109.4 | -18.6 | -15.9 | -3.2 | 3.7 |
Income taxes | 17.3 | -13.6 | -10.1 | -3.3 | 0.3 |
Tax rate | 15.8% | 73.2% | 63.8% | 103.5% | 7.1% |
Minority interest | 3.9 | -0.3 | -0.3 | 0.0 | -0.2 |
Net income | 78.5 | -6.2 | -5.3 | 0.3 | 3.2 |
Net margin | 41.3% | -3.7% | -3.5% | 0.2% | 2.5% |
|
Basic EPS [+] | $0.50 | ($0.04) | ($0.03) | $0.00 | $0.02 |
Growth | -1368.2% | 16.0% | -1758.0% | -90.6% | |
Diluted EPS [+] | $0.49 | ($0.04) | ($0.03) | $0.00 | $0.02 |
Growth | -1356.6% | 16.0% | -1758.2% | -90.6% | |
|
Shares outstanding (basic) [+] | 157.3 | 157.7 | 156.5 | 148.5 | 148.5 |
Growth | -0.2% | 0.8% | 5.4% | 0.0% | |
Shares outstanding (diluted) [+] | 158.8 | 157.7 | 156.5 | 148.6 | 148.6 |
Growth | 0.7% | 0.8% | 5.3% | 0.0% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |