Financial Summary (All financials)
| 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 |
| Revenues | 4,619.4 | 3,491.7 | 4,408.7 | 4,139.6 | 3,655.6 | 1,744.5 | 3,954.9 | 2,720.6 |
| Revenue growth | 32.3% | -20.8% | 6.5% | 13.2% | 109.5% | -55.9% | 45.4% | 107.2% |
| Cost of goods sold | 3,425.7 | 3,125.1 | 4,161.3 | 2,179.0 | 1,585.6 | 1,441.6 | 659.4 | 461.4 |
| Gross profit | 1,193.8 | 366.6 | 247.4 | 1,960.6 | 2,070.0 | 302.9 | 3,295.5 | 2,259.2 |
| Gross margin | 25.8% | 10.5% | 5.6% | 47.4% | 56.6% | 17.4% | 83.3% | 83.0% |
| Selling, general and administrative | | | | | | | | |
| Sales and marketing | | | | | | | 475.3 | 157.0 |
| General and administrative | 339.6 | 234.0 | 303.8 | 366.8 | 345.7 | 305.9 | 312.0 | 304.5 |
| EBIT | 39.4 | -652.4 | 592.0 | 581.1 | 879.5 | -812.4 | 1,894.6 | 1,339.7 |
| EBIT margin | 0.9% | -18.7% | 13.4% | 14.0% | 24.1% | -46.6% | 47.9% | 49.2% |
| Pre-tax income | -228.2 | -1,657.9 | -367.2 | -174.6 | 490.1 | -1,245.8 | 1,555.9 | 1,119.3 |
| Income taxes | -74.1 | -397.5 | -74.1 | -128.9 | -295.1 | -496.4 | 575.9 | 445.7 |
| Tax rate | 32.5% | 24.0% | 20.2% | 73.8% | | 39.8% | 37.0% | 39.8% |
| Earnings from continuing ops | -186.9 | -1,267.9 | -340.1 | -397.5 | 615.1 | -848.8 | 941.4 | 671.4 |
| Earnings from discontinued ops | | | | | | | | 2.2 |
| Net income | -186.9 | -1,267.9 | -340.1 | -397.5 | 615.1 | -848.8 | 941.4 | 673.6 |
| Net margin | -4.0% | -36.3% | -7.7% | -9.6% | 16.8% | -48.7% | 23.8% | 24.8% |
| |
| Diluted EPS | ($0.61) | ($4.65) | ($1.11) | ($1.26) | $1.94 | ($2.88) | $3.43 | $2.56 |
| Shares outstanding (diluted) | 308.1 | 272.4 | 306.4 | 316.0 | 316.3 | 294.9 | 274.1 | 262.1 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|