Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 |
Revenues | 1,808.5 | 751.3 |
Revenue growth | 140.7% | |
Cost of goods sold | 1,073.5 | 14.0 |
Gross profit | 735.0 | 737.3 |
Gross margin | 40.6% | 98.1% |
Selling, general and administrative | 2,687.3 | 1,883.2 |
EBIT | -1,952.3 | -1,145.9 |
EBIT margin | -107.9% | -152.5% |
Pre-tax income | -1,901.5 | -1,117.7 |
Income taxes | -1.3 | 29.6 |
Tax rate | 0.1% | |
Net income | -1,900.1 | -1,147.3 |
Net margin | -105.1% | -152.7% |
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Diluted EPS | ($0.19) | ($0.30) |
Shares outstanding (diluted) | 9,908.3 | 3,844.2 |
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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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