Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
Revenues | 8,027.6 | 3,310.8 | 1,061.6 | 811.3 | 311.7 |
Revenue growth | 142.5% | 211.9% | 30.8% | 160.3% | |
Cost of goods sold | 1,360.7 | 696.0 | 281.7 | 249.6 | 109.1 |
Gross profit | 6,666.9 | 2,614.9 | 779.9 | 561.7 | 202.6 |
Gross margin | 83.0% | 79.0% | 73.5% | 69.2% | 65.0% |
Sales and marketing | 1,570.6 | 385.3 | 164.7 | 98.1 | 41.4 |
Research and development | 908.6 | 513.3 | 262.3 | 151.1 | 95.5 |
General and administrative | 596.9 | 248.4 | 164.9 | 103.8 | 57.3 |
EBITA | 833.1 | 1,654.4 | 278.1 | 304.7 | 28.5 |
EBITA margin | 10.4% | 50.0% | 26.2% | 37.6% | 9.1% |
Amortization of intangibles | 2.3 | 1.4 | 0.9 | 0.3 | 0.3 |
EBIT | 830.8 | 1,653.0 | 277.2 | 304.4 | 28.2 |
EBIT margin | 10.3% | 49.9% | 26.1% | 37.5% | 9.0% |
Pre-tax income | 408.4 | 1,450.6 | 178.5 | 200.8 | 3.4 |
Income taxes | -1,173.3 | 124.8 | 12.3 | 62.3 | 11.5 |
Tax rate | | 8.6% | 6.9% | 31.0% | 339.8% |
Earnings from continuing ops | 3,170.5 | 1,325.5 | 143.2 | 36.9 | -55.8 |
Earnings from discontinued ops | 2,810.2 | | | | |
Net income | 5,980.7 | 1,325.5 | 143.2 | 36.9 | -55.8 |
Net margin | 74.5% | 40.0% | 13.5% | 4.6% | -17.9% |
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Diluted EPS | $2.60 | $1.26 | $0.16 | $0.07 | ($0.14) |
Shares outstanding (diluted) | 1,219.7 | 1,050.1 | 917.9 | 511.5 | 403.8 |
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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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