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 |
Revenues | 1,017.4 | 893.6 | 556.6 | 216.4 | 62.5 | 18.2 |
Revenue growth | 13.9% | 60.5% | 157.2% | 246.3% | 243.1% | |
Cost of goods sold | 513.4 | 401.6 | 252.4 | 109.4 | 34.2 | 11.5 |
Gross profit | 504.0 | 491.9 | 304.2 | 107.0 | 28.3 | 6.7 |
Gross margin | 49.5% | 55.1% | 54.7% | 49.5% | 45.3% | 36.9% |
Selling, general and administrative | 294.4 | 277.1 | 198.1 | 134.7 | 54.7 | 11.5 |
EBITA | 269.2 | 260.1 | 143.1 | -6.9 | -23.8 | -4.8 |
EBITA margin | 26.5% | 29.1% | 25.7% | -3.2% | -38.2% | -26.2% |
Amortization of intangibles | 59.7 | 45.2 | 37.0 | 24.5 | 2.5 | |
EBIT | 209.6 | 214.8 | 106.1 | -31.4 | -26.3 | -4.8 |
EBIT margin | 20.6% | 24.0% | 19.1% | -14.5% | -42.1% | -26.2% |
Pre-tax income | 108.4 | 205.0 | 102.9 | -50.2 | 29.8 | 0.0 |
Income taxes | 94.8 | 124.6 | 83.9 | 9.3 | 7.2 | 0.2 |
Tax rate | 87.4% | 60.8% | 81.5% | | 24.1% | |
Net income | 12.0 | 75.4 | 15.0 | -59.1 | -5.2 | -5.5 |
Net margin | 1.2% | 8.4% | 2.7% | -27.3% | -8.4% | -30.2% |
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Diluted EPS | $0.05 | $0.33 | $0.07 | ($0.31) | ($0.04) | $0.00 |
Shares outstanding (diluted) | 238.1 | 226.8 | 212.5 | 190.6 | 130.1 | 63,123.2 |
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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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