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-31-16 |
Revenues | 181.9 | 701.3 | 406.1 | 597.4 | 586.6 | 411.0 |
Revenue growth | -74.1% | 72.7% | -32.0% | 1.8% | | |
Cost of goods sold | 142.8 | 255.9 | 210.9 | 250.8 | 238.4 | 243.5 |
Gross profit | 39.1 | 445.5 | 195.1 | 346.6 | 348.1 | 167.5 |
Gross margin | 21.5% | 63.5% | 48.1% | 58.0% | 59.4% | 40.8% |
Sales and marketing | 0.3 | 3.8 | 1.4 | 2.1 | 2.1 | 3.1 |
General and administrative | 96.4 | 119.6 | 113.3 | 103.3 | 87.1 | 104.3 |
EBIT | 238.5 | 21.1 | 53.3 | 92.2 | 201.8 | -211.2 |
EBIT margin | 131.1% | 3.0% | 13.1% | 15.4% | 34.4% | -51.4% |
Pre-tax income | 207.7 | -14.1 | -270.1 | 7.0 | 190.1 | -1,283.1 |
Income taxes | -42.4 | 1.4 | -7.2 | -36.6 | 43.0 | 0.1 |
Tax rate | | | 2.7% | | 22.6% | |
Net income | 250.2 | -15.5 | -262.9 | 43.5 | 49.2 | -1,283.2 |
Net margin | 137.5% | -2.2% | -64.7% | 7.3% | 8.4% | -312.2% |
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Diluted EPS | $3.03 | ($0.19) | ($3.29) | $0.53 | $0.85 | |
Shares outstanding (diluted) | 82.6 | 80.2 | 79.8 | 82.0 | 57.9 | |
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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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