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 | 17,206.0 | 9,435.0 | 6,167.0 | 6,837.0 | 6,427.0 | 4,304.0 | 1,100.0 | 270.0 |
Revenue growth | 82.4% | 53.0% | -9.8% | 6.4% | 49.3% | 291.3% | 307.4% | 0.5% |
Cost of goods sold | 13,187.0 | 652.0 | 629.0 | 632.0 | 409.0 | 292.0 | 539.0 | 31.0 |
Gross profit | 4,019.0 | 8,783.0 | 5,538.0 | 6,205.0 | 6,018.0 | 4,012.0 | 561.0 | 239.0 |
Gross margin | 23.4% | 93.1% | 89.8% | 90.8% | 93.6% | 93.2% | 51.0% | 88.5% |
Selling, general and administrative | | | | | | | | |
Research and development | | 1.0 | | | 2.0 | 3.0 | | 3.0 |
General and administrative | 5.0 | 9.0 | 14.0 | 11.0 | 11.0 | 12.0 | 13.0 | 15.0 |
EBIT | 3,380.0 | 2,567.0 | 2,130.0 | 2,047.0 | 1,987.0 | 1,158.0 | 250.0 | 3.0 |
EBIT margin | 19.6% | 27.2% | 34.5% | 29.9% | 30.9% | 26.9% | 22.7% | 1.1% |
Pre-tax income | 0.0 | 1,630.0 | 1,183.0 | 1,175.0 | 1,274.0 | 490.0 | -171.0 | -319.0 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | 0.0 | 1,630.0 | 1,183.0 | 1,175.0 | 1,274.0 | 490.0 | -171.0 | -319.0 |
Net margin | 0.0% | 17.3% | 19.2% | 17.2% | 19.8% | 11.4% | -15.5% | -118.1% |
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Diluted EPS | | $3.37 | $2.96 | $3.37 | $3.65 | $2,745.10 | ($2.99) | ($5.59) |
Shares outstanding (diluted) | | 484.0 | 399.3 | 348.6 | 348.6 | 0.2 | 57.1 | 57.1 |
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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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