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 | 4,611.9 | 2,929.5 | 1,578.2 | 1,073.2 | 673.3 | 389.3 | 205.2 | 105.0 |
Revenue growth | 57.4% | 85.6% | 47.0% | 59.4% | 72.9% | 89.7% | 95.4% | 109.0% |
Cost of goods sold | 2,130.7 | 1,388.0 | 712.5 | 477.0 | 293.1 | 179.8 | 92.0 | 43.2 |
Gross profit | 2,481.1 | 1,541.5 | 865.6 | 596.3 | 380.3 | 209.5 | 113.3 | 61.8 |
Gross margin | 53.8% | 52.6% | 54.9% | 55.6% | 56.5% | 53.8% | 55.2% | 58.8% |
Sales and marketing | 901.6 | 602.0 | 472.8 | 350.1 | 225.7 | 129.2 | 70.4 | 45.9 |
Research and development | 854.4 | 552.1 | 355.0 | 230.7 | 136.0 | 74.3 | 39.7 | 25.9 |
General and administrative | 374.8 | 245.3 | 153.8 | 107.4 | 67.7 | 43.1 | 20.9 | 11.6 |
EBITA | 293.1 | 122.0 | -122.3 | -81.8 | -42.4 | -33.6 | -16.2 | -20.9 |
EBITA margin | 6.4% | 4.2% | -7.7% | -7.6% | -6.3% | -8.6% | -7.9% | -19.9% |
Amortization of intangibles | 24.5 | 31.9 | 18.9 | 10.1 | 6.8 | 3.6 | 1.5 | 0.7 |
EBIT | 268.6 | 90.2 | -141.1 | -91.9 | -49.2 | -37.2 | -17.8 | -21.6 |
EBIT margin | 5.8% | 3.1% | -8.9% | -8.6% | -7.3% | -9.5% | -8.7% | -20.6% |
Pre-tax income | 2,914.7 | 319.5 | -66.8 | -64.6 | -40.0 | -35.4 | -18.8 | -22.3 |
Income taxes | -225.9 | 79.1 | 29.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | | 24.8% | | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | 3,140.6 | 240.4 | -95.8 | -64.6 | -40.0 | -35.4 | -18.8 | -22.3 |
Net margin | 68.1% | 8.2% | -6.1% | -6.0% | -5.9% | -9.1% | -9.2% | -21.2% |
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Diluted EPS | $24.66 | $1.95 | ($0.85) | ($0.61) | ($0.42) | ($0.42) | ($0.30) | ($0.57) |
Shares outstanding (diluted) | 127.4 | 123.5 | 113.0 | 105.7 | 95.8 | 84.0 | 61.7 | 38.9 |
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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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