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 | Dec-31-15 | Dec-31-14 |
Revenues | 1,145.2 | 579.5 | 273.3 | 471.2 | 440.8 | 160.1 | 305.3 | 636.8 |
Revenue growth | 97.6% | 112.1% | -42.0% | 6.9% | 175.4% | | -52.1% | 47.6% |
Cost of goods sold | 61.4 | 31.0 | 16.6 | 51.3 | 42.2 | 19.5 | 66.2 | 66.6 |
Gross profit | 1,083.8 | 548.5 | 256.6 | 420.0 | 398.7 | 140.5 | 239.1 | 570.2 |
Gross margin | 94.6% | 94.6% | 93.9% | 89.1% | 90.4% | 87.8% | 78.3% | 89.5% |
General and administrative | 41.0 | 66.5 | 33.8 | 25.5 | 26.1 | 18.2 | 43.3 | 49.0 |
EBIT | 675.9 | 281.2 | 22.7 | 176.8 | 208.6 | 51.8 | -126.3 | 296.6 |
EBIT margin | 59.0% | 48.5% | 8.3% | 37.5% | 47.3% | 32.4% | -41.4% | 46.6% |
Pre-tax income | 468.7 | 100.5 | -312.9 | 72.7 | 225.3 | 27.7 | -1,588.3 | -541.3 |
Income taxes | 4.2 | 1.6 | -2.3 | 2.1 | 0.5 | -4.9 | -5.4 | -131.7 |
Tax rate | 0.9% | 1.6% | 0.7% | 2.9% | 0.2% | | 0.3% | 24.3% |
Net income | 217.7 | 40.2 | -310.6 | 70.6 | 224.8 | 32.7 | -1,605.8 | -431.0 |
Net margin | 19.0% | 6.9% | -113.6% | 15.0% | 51.0% | 20.4% | -526.0% | -67.7% |
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Diluted EPS | $10.45 | $2.34 | ($20.46) | $4.67 | $14.70 | $2.17 | ($21.81) | ($6.26) |
Shares outstanding (diluted) | 20.8 | 17.2 | 15.2 | 15.1 | 15.3 | 15.1 | 73.6 | 68.9 |
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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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