Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 1,337.2 | 610.2 | 92.4 |
Revenue growth | 119.1% | 560.3% | |
Cost of goods sold | 1,336.3 | 553.7 | 39.8 |
Gross profit | 0.9 | 56.5 | 52.6 |
Gross margin | 0.1% | 9.3% | 56.9% |
Selling, general and administrative | 714.7 | 314.9 | 210.6 |
Research and development | 232.9 | 183.8 | 34.4 |
EBIT | -994.8 | -440.5 | -191.0 |
EBIT margin | -74.4% | -72.2% | -206.7% |
Pre-tax income | -1,007.1 | -471.3 | -196.0 |
Income taxes | 0.3 | 13.5 | 2.0 |
Net income | -1,007.5 | -484.9 | -198.0 |
Net margin | -75.3% | -79.5% | -214.2% |
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Diluted EPS | ($4.39) | ($2.40) | ($0.99) |
Shares outstanding (diluted) | 229.5 | 202.0 | 200.0 |
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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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