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 | 1,019.0 | 1,951.0 | 1,908.8 | 1,764.6 | 1,691.0 | 1,478.0 | 1,376.0 | 1,340.0 |
Revenue growth | -47.8% | 2.2% | 8.2% | 4.4% | 14.4% | 7.4% | 2.7% | 3.3% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 140.0 | 1,087.0 | 1,014.0 | 102.0 |
Gross profit | 1,019.0 | 1,951.0 | 1,908.8 | 1,764.6 | 1,551.0 | 391.0 | 362.0 | 1,238.0 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 91.7% | 26.5% | 26.3% | 92.4% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 1,295.0 | 130.0 | 118.0 | 919.0 |
EBIT | 0.0 | 0.0 | 0.0 | 0.0 | 52.0 | 261.0 | 244.0 | 319.0 |
EBIT margin | 0.0% | 0.0% | 0.0% | 0.0% | 3.1% | 17.7% | 17.7% | 23.8% |
Pre-tax income | 158.0 | 329.0 | 184.1 | 13.6 | 256.0 | 381.0 | 367.0 | 319.0 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 47.0 | 105.0 | 127.0 | 108.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 18.4% | 27.6% | 34.6% | 33.9% |
Net income | 158.0 | 329.0 | 184.1 | 13.6 | 207.0 | 0.0 | 0.0 | 205.0 |
Net margin | 15.5% | 16.9% | 9.6% | 0.8% | 12.2% | 0.0% | 0.0% | 15.3% |
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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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