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 |
Revenues | 1,128.8 | 255.4 | 271.7 | 295.0 | 289.1 | 215.7 | 770.4 |
Revenue growth | 342.0% | -6.0% | -7.9% | 2.1% | 34.0% | -72.0% | |
Cost of goods sold | 0.0 | 554.6 | 1,229.7 | 507.7 | 422.2 | 416.0 | 275.4 |
Gross profit | 1,128.8 | -299.2 | -958.0 | -212.7 | -133.1 | -200.4 | 495.0 |
Gross margin | 100.0% | -117.1% | -352.7% | -72.1% | -46.1% | -92.9% | 64.3% |
Selling, general and administrative | 143.1 | 146.9 | 159.3 | 160.0 | 137.1 | 102.2 | |
General and administrative | 101.0 | 101.2 | 105.0 | 102.9 | 85.2 | 72.0 | 35.4 |
EBITA | 205.5 | 565.7 | -137.8 | 432.9 | 356.2 | 276.6 | 315.5 |
EBITA margin | 18.2% | 221.5% | -50.7% | 146.7% | 123.2% | 128.3% | 40.9% |
Amortization of intangibles | | 29.8 | 28.2 | 27.2 | 25.5 | 18.3 | 6.1 |
EBIT | 205.5 | 535.9 | -166.0 | 405.7 | 330.7 | 258.3 | 309.4 |
EBIT margin | 18.2% | 209.8% | -61.1% | 137.5% | 114.4% | 119.8% | 40.2% |
Pre-tax income | -27.9 | 117.7 | -734.1 | 15.6 | 11.1 | -47.7 | 0.3 |
Income taxes | -17.4 | -4.9 | -15.2 | 4.7 | -5.4 | -38.8 | 0.5 |
Tax rate | 62.3% | | 2.1% | 29.9% | | 81.5% | 169.5% |
Net income | 0.0 | 122.6 | -707.4 | 8.4 | 8.0 | -16.6 | -5.5 |
Net margin | 0.0% | 48.0% | -260.4% | 2.8% | 2.8% | -7.7% | -0.7% |
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Diluted EPS | ($0.04) | $0.46 | ($3.47) | $0.04 | $0.05 | ($0.10) | ($0.04) |
Shares outstanding (diluted) | 0.2 | 264.1 | 203.6 | 187.4 | 177.1 | 169.0 | 152.5 |
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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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