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 | 20,582.6 | 18,406.4 | 11,967.3 | 6,273.3 | 0.0 |
Revenue growth | 11.8% | 53.8% | 90.8% | | |
Cost of goods sold | 15,872.7 | 15,455.2 | 9,981.1 | 5,240.0 | 0.0 |
Gross profit | 4,709.9 | 2,951.1 | 1,986.2 | 1,033.2 | 0.0 |
Gross margin | 22.9% | 16.0% | 16.6% | 16.5% | |
Selling, general and administrative | | | | | 0.0 |
General and administrative | 4,821.9 | 4,445.1 | 2,502.2 | 1,675.1 | 0.0 |
EBIT | -112.0 | -1,494.0 | -516.0 | -641.9 | 0.0 |
EBIT margin | -0.5% | -8.1% | -4.3% | -10.2% | |
Pre-tax income | -93.1 | -1,541.6 | -462.9 | -697.1 | -1,095.3 |
Income taxes | -1.1 | 1.0 | 0.3 | -0.2 | 2.3 |
Tax rate | 1.1% | | | 0.0% | |
Net income | -92.0 | -1,542.6 | -555.9 | -768.3 | -1,097.5 |
Net margin | -0.4% | -8.4% | -4.6% | -12.2% | |
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Diluted EPS | ($0.05) | ($1.08) | ($19.16) | ($39.47) | |
Shares outstanding (diluted) | 1,764.6 | 1,423.9 | 29.0 | 19.5 | |
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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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