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 |
Revenues | 1,369.7 | 823.9 | 249.8 | 190.9 | 121.2 |
Revenue growth | 66.3% | 229.8% | 30.9% | 57.4% | |
Cost of goods sold | 894.7 | 1,497.0 | 240.7 | 111.8 | 59.5 |
Gross profit | 475.0 | -673.1 | 9.1 | 79.1 | 61.8 |
Gross margin | 34.7% | -81.7% | 3.6% | 41.4% | 50.9% |
General and administrative | 220.6 | 140.3 | 67.8 | 51.7 | 63.4 |
EBITA | 344.8 | -847.4 | -34.9 | 34.0 | -1.6 |
EBITA margin | 25.2% | -102.9% | -14.0% | 17.8% | -1.4% |
Amortization of intangibles | 256.9 | 113.9 | | | |
EBIT | 87.9 | -961.3 | -34.9 | 34.0 | -1.6 |
EBIT margin | 6.4% | -116.7% | -14.0% | 17.8% | -1.4% |
Pre-tax income | -49.6 | -1,867.5 | -82.5 | 20.7 | -2.8 |
Income taxes | -9.4 | -65.2 | -0.1 | 0.2 | -0.2 |
Tax rate | 18.9% | 3.5% | 0.1% | 1.2% | 6.5% |
Net income | -9.3 | -376.2 | -77.8 | 23.0 | 2.0 |
Net margin | -0.7% | -45.7% | -31.2% | 12.0% | 1.7% |
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Diluted EPS | ($0.02) | | | | |
Shares outstanding (diluted) | 433.4 | | | | |
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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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