Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| Revenues | 2,321.4 | 1,610.0 | 922.2 | 858.6 | 760.0 | 532.5 | 477.1 | 304.6 |
| Revenue growth | 44.2% | 74.6% | 7.4% | 13.0% | 42.7% | 11.6% | 56.6% | 53.4% |
| Cost of goods sold | 2,022.7 | 1,365.5 | 743.5 | 645.8 | 534.9 | 440.6 | 393.6 | 168.8 |
| Gross profit | 298.7 | 244.5 | 178.7 | 212.7 | 225.1 | 92.0 | 83.5 | 135.9 |
| Gross margin | 12.9% | 15.2% | 19.4% | 24.8% | 29.6% | 17.3% | 17.5% | 44.6% |
| Sales and marketing | 745.4 | 623.0 | 352.3 | 275.1 | 207.2 | 146.4 | 168.7 | 145.5 |
| Research and development | 20.9 | 23.2 | 19.5 | 23.6 | 18.8 | 15.1 | 10.2 | 9.7 |
| General and administrative | 189.2 | 259.2 | 266.7 | 125.0 | 116.7 | 107.4 | 92.4 | 84.4 |
| EBITA | -656.8 | -660.8 | -459.9 | -211.0 | -117.7 | -176.9 | -187.9 | -215.5 |
| EBITA margin | -28.3% | -41.0% | -49.9% | -24.6% | -15.5% | -33.2% | -39.4% | -70.7% |
| Amortization of intangibles | 5.4 | 5.4 | 5.2 | 4.8 | 4.2 | 4.2 | 4.2 | 3.7 |
| EBIT | -662.2 | -666.2 | -465.1 | -215.7 | -121.9 | -181.1 | -192.1 | -219.2 |
| EBIT margin | -28.5% | -41.4% | -50.4% | -25.1% | -16.0% | -34.0% | -40.3% | -72.0% |
| Pre-tax income | -847.4 | -971.3 | -687.5 | -399.2 | -250.9 | -275.3 | -264.6 | -254.2 |
| Income taxes | 2.3 | 9.3 | -60.6 | -8.2 | 9.3 | 12.4 | 56.3 | -5.3 |
| Tax rate | | | 8.8% | 2.1% | | | | 2.1% |
| Net income | 173.4 | -79.4 | -173.4 | 26.3 | 26.7 | 125.5 | 75.1 | -53.1 |
| Net margin | 7.5% | -4.9% | -18.8% | 3.1% | 3.5% | 23.6% | 15.7% | -17.4% |
| |
| Diluted EPS | $0.79 | ($0.39) | ($1.24) | $0.21 | $0.23 | $1.16 | $0.72 | ($0.96) |
| Shares outstanding (diluted) | 219.2 | 205.1 | 139.6 | 123.9 | 117.1 | 108.2 | 105.0 | 55.1 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|