Financial Summary (All financials)
In millions, except per share items | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
Revenues | 2,708.2 | 1,833.6 | 1,833.6 | 1,218.3 | 794.4 | |
Revenue growth | 47.7% | 50.5% | | 53.4% | | |
Cost of goods sold | 2,595.9 | 0.0 | 1,757.6 | 0.0 | 0.0 | |
Gross profit | 112.3 | 1,833.6 | 75.9 | 1,218.3 | 794.4 | |
Gross margin | 4.1% | 100.0% | 4.1% | 100.0% | 100.0% | |
General and administrative | 218.9 | 455.8 | 455.8 | 137.3 | 122.8 | |
EBITA | -120.4 | -382.5 | -394.4 | -65.7 | -194.2 | |
EBITA margin | -4.4% | -20.9% | -21.5% | -5.4% | -24.4% | |
Amortization of intangibles | | 11.9 | | 11.4 | 10.7 | |
EBIT | -120.4 | -394.4 | -394.4 | -77.1 | -204.9 | |
EBIT margin | -4.4% | -21.5% | -21.5% | -6.3% | -25.8% | |
Pre-tax income | -105.7 | -404.6 | -404.6 | -62.3 | -114.7 | |
Income taxes | -1.7 | 0.9 | 0.8 | 0.9 | -0.2 | |
Tax rate | 1.6% | | | | 0.2% | |
Earnings from continuing ops | -107.0 | -405.2 | -405.2 | -126.4 | -114.3 | |
Earnings from discontinued ops | 0.5 | -1.3 | -1.3 | 3.2 | -168.3 | |
Net income | -106.6 | -406.5 | -406.5 | -123.3 | -282.6 | |
Net margin | -3.9% | -22.2% | -22.2% | -10.1% | -35.6% | |
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Diluted EPS | ($0.26) | ($1.09) | ($1.09) | ($0.39) | ($0.39) | |
Shares outstanding (diluted) | 408.2 | 372.9 | 372.9 | 323.5 | 294.7 | |
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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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