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 | Dec-31-15 |
Revenues | 9,542.1 | 6,685.9 | 3,893.8 | 6,052.9 | 7,699.0 | 5,739.6 | 4,252.4 | 4,452.1 |
Revenue growth | 42.7% | 71.7% | -35.7% | -21.4% | 34.1% | 35.0% | -4.5% | 26.9% |
Cost of goods sold | 524.9 | 5,570.7 | 2,771.0 | 4,881.3 | 6,461.4 | 4,780.2 | 3,414.0 | 3,665.2 |
Gross profit | 9,017.2 | 1,115.2 | 1,122.8 | 1,171.6 | 1,237.6 | 959.4 | 838.4 | 786.9 |
Gross margin | 94.5% | 16.7% | 28.8% | 19.4% | 16.1% | 16.7% | 19.7% | 17.7% |
Selling, general and administrative | | | | | | | | |
General and administrative | 125.2 | 107.8 | 103.3 | 152.6 | 140.3 | 128.6 | 122.5 | 136.9 |
EBIT | 679.8 | 461.3 | 389.0 | 387.6 | 506.7 | 275.9 | 218.7 | 243.5 |
EBIT margin | 7.1% | 6.9% | 10.0% | 6.4% | 6.6% | 4.8% | 5.1% | 5.5% |
Pre-tax income | 0.0 | 168.3 | -172.4 | -992.7 | -14.6 | 123.2 | -883.6 | -1,384.0 |
Income taxes | 0.0 | 25.4 | 143.2 | 6.9 | 18.2 | -196.8 | 4.6 | 25.7 |
Tax rate | | 15.1% | | | | | | |
Net income | 0.0 | 22.4 | -421.5 | -1,119.3 | -13.2 | 212.8 | -460.0 | -357.0 |
Net margin | 0.0% | 0.3% | -10.8% | -18.5% | -0.2% | 3.7% | -10.8% | -8.0% |
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Diluted EPS | | $0.05 | ($0.86) | ($2.41) | ($0.07) | $1.17 | ($2.56) | ($2.17) |
Shares outstanding (diluted) | | 494.3 | 489.3 | 463.9 | 181.1 | 181.8 | 179.7 | 164.2 |
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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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