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 | 556.0 | 481.0 | 503.0 | 525.0 | 470.0 | 452.9 | 485.5 | 250.3 |
Revenue growth | 15.6% | -4.4% | -4.2% | 11.7% | 3.8% | -6.7% | 94.0% | 69.4% |
Cost of goods sold | 77.0 | 72.0 | 101.0 | 140.0 | 104.0 | 76.9 | 84.8 | 41.6 |
Gross profit | 479.0 | 409.0 | 402.0 | 385.0 | 366.0 | 376.0 | 400.7 | 208.7 |
Gross margin | 86.2% | 85.0% | 79.9% | 73.3% | 77.9% | 83.0% | 82.5% | 83.4% |
Selling, general and administrative | 25.0 | 27.0 | 28.0 | 24.0 | 27.0 | 25.5 | 28.4 | 9.6 |
General and administrative | 19.0 | 20.0 | 17.0 | 16.0 | 17.0 | 15.8 | 15.0 | 6.2 |
EBIT | 587.0 | 586.0 | 590.0 | 444.0 | 13.0 | 361.8 | 357.6 | 135.3 |
EBIT margin | 105.6% | 121.8% | 117.3% | 84.6% | 2.8% | 79.9% | 73.7% | 54.1% |
Pre-tax income | 568.0 | 556.0 | 546.0 | 483.0 | 392.0 | 377.5 | 373.9 | 149.1 |
Income taxes | 0.0 | 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | -0.1 | 0.2 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | | 0.1% |
Net income | 508.0 | 452.0 | 381.0 | 330.0 | 231.0 | 219.9 | 162.1 | 13.1 |
Net margin | 91.4% | 94.0% | 75.7% | 62.9% | 49.1% | 48.6% | 33.4% | 5.2% |
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Diluted EPS | $1.14 | $1.15 | $1.66 | $2.72 | | $2.74 | $2.40 | $0.19 |
Shares outstanding (diluted) | 444.1 | 391.7 | 229.2 | 121.3 | | 80.4 | 67.5 | 67.5 |
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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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