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 | 3,036.9 | 2,211.5 | 1,479.7 | 1,344.4 | 898.9 | 3,686.3 | 3,924.8 | 4,198.5 |
| Revenue growth | 37.3% | 49.5% | 10.1% | 49.6% | -75.6% | -6.1% | -6.5% | -7.5% |
| Cost of goods sold | 16,641.2 | 12,019.4 | 7,698.4 | 7,542.5 | 2,743.4 | 3,367.5 | 3,579.3 | 3,822.7 |
| Gross profit | -13,604.4 | -9,807.8 | -6,218.7 | -6,198.1 | -1,844.5 | 318.8 | 345.5 | 375.8 |
| Gross margin | -448.0% | -443.5% | -420.3% | -461.0% | -205.2% | 8.6% | 8.8% | 9.0% |
| Selling, general and administrative | 466.6 | 432.1 | 377.7 | 450.9 | 264.1 | 287.0 | 316.1 | 337.8 |
| EBIT | 217.6 | 160.6 | -11.5 | 78.9 | 71.3 | 5.4 | 18.3 | -21.7 |
| EBIT margin | 7.2% | 7.3% | -0.8% | 5.9% | 7.9% | 0.1% | 0.5% | -0.5% |
| Pre-tax income | 194.6 | 160.8 | -27.1 | 13.0 | 53.2 | -20.5 | 21.4 | -11.6 |
| Income taxes | 39.6 | 29.2 | -10.9 | 9.1 | 11.9 | -63.1 | 6.9 | -0.2 |
| Tax rate | 20.4% | 18.2% | 40.3% | 70.2% | 22.4% | 307.6% | 32.3% | 2.1% |
| Earnings from continuing ops | 119.1 | 99.7 | -10.4 | 7.1 | 41.5 | 42.5 | 11.6 | -13.1 |
| Earnings from discontinued ops | 12.0 | 4.3 | 2.0 | 11.2 | | | | |
| Net income | 131.1 | 104.0 | -8.5 | 18.3 | 41.5 | 42.5 | 11.6 | -13.1 |
| Net margin | 4.3% | 4.7% | -0.6% | 1.4% | 4.6% | 1.2% | 0.3% | -0.3% |
| |
| Diluted EPS | $3.46 | $2.94 | ($0.31) | $0.22 | $1.46 | $1.50 | $0.41 | ($0.46) |
| Shares outstanding (diluted) | 34.4 | 33.9 | 33.2 | 33.1 | 28.5 | 28.3 | 28.4 | 28.3 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|