Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 1,958.8 | 1,826.4 | 967.0 | 457.8 | 266.5 | 302.4 | 121.0 | 37.7 |
Revenue growth | 7.2% | 88.9% | 111.2% | 71.8% | -11.9% | 149.9% | 221.2% | 247.8% |
Cost of goods sold | 1,254.5 | 272.5 | 172.4 | 96.8 | 82.4 | 38.1 | 16.6 | 4.6 |
Gross profit | 704.3 | 1,553.9 | 794.6 | 360.9 | 184.1 | 264.4 | 104.4 | 33.0 |
Gross margin | 36.0% | 85.1% | 82.2% | 78.8% | 69.1% | 87.4% | 86.3% | 87.7% |
Selling, general and administrative | | | | | | | | 3.6 |
General and administrative | 152.7 | 151.0 | 124.3 | 84.6 | 55.3 | 87.9 | 16.6 | |
EBIT | 542.8 | 628.0 | 263.4 | 32.1 | -73.2 | 58.8 | 52.5 | 28.1 |
EBIT margin | 27.7% | 34.4% | 27.2% | 7.0% | -27.5% | 19.4% | 43.4% | 74.5% |
Pre-tax income | 271.9 | 551.4 | 129.6 | -106.3 | -96.8 | 93.2 | 29.4 | 13.5 |
Income taxes | 61.4 | 105.5 | 5.7 | -17.4 | -23.8 | 36.5 | 1.9 | 0.6 |
Tax rate | 22.6% | 19.1% | 4.4% | 16.4% | 24.5% | 39.1% | 6.5% | 4.1% |
Net income | 175.2 | 369.1 | 106.8 | -74.2 | -50.5 | 61.4 | 27.5 | 12.9 |
Net margin | 8.9% | 20.2% | 11.0% | -16.2% | -18.9% | 20.3% | 22.7% | 34.2% |
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Diluted EPS | $0.63 | $1.35 | $0.36 | ($0.46) | ($0.45) | $0.66 | | |
Shares outstanding (diluted) | 280.2 | 272.9 | 296.5 | 161.8 | 111.3 | 93.3 | | |
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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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