Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 9.2 | 1,427.2 | 2,053.2 | 1,705.4 | 1,843.0 | 2,776.4 | 4,063.4 | 4,416.1 |
Revenue growth | | -30.5% | 20.4% | -7.5% | -33.6% | -31.7% | -8.0% | 5.6% |
Cost of goods sold | 206.6 | 436.4 | 902.6 | 621.9 | 1,189.5 | 1,301.0 | 2,442.1 | 2,614.8 |
Gross profit | -197.4 | 990.8 | 1,150.6 | 1,083.5 | 653.5 | 1,475.4 | 1,621.3 | 1,801.3 |
Gross margin | -2145.7% | 69.4% | 56.0% | 63.5% | 35.5% | 53.1% | 39.9% | 40.8% |
Selling, general and administrative | | | | | | | | |
General and administrative | 80.9 | 214.6 | 188.9 | 102.7 | 157.8 | 100.8 | 118.4 | 131.9 |
EBIT | 96.2 | -696.1 | -564.0 | -195.6 | 50.9 | 929.3 | 1,502.9 | 1,817.8 |
EBIT margin | 1045.7% | -48.8% | -27.5% | -11.5% | 2.8% | 33.5% | 37.0% | 41.2% |
Pre-tax income | 224.9 | -5,117.0 | -63.8 | -538.9 | -196.0 | 997.5 | -1,471.2 | -2,548.8 |
Income taxes | 43.1 | -259.4 | 128.4 | 89.6 | 109.2 | 108.5 | -13.9 | 140.5 |
Tax rate | 19.2% | 5.1% | | | | 10.9% | 0.9% | |
Earnings from continuing ops | 176.5 | -4,855.5 | -198.0 | -631.6 | -609.9 | 882.1 | -1,468.2 | -2,711.3 |
Earnings from discontinued ops | | | | -8.1 | 1.0 | 8.1 | -128.6 | -1,199.2 |
Net income | 176.5 | -4,855.5 | -198.0 | -639.7 | -608.9 | 890.2 | -1,596.8 | -3,910.5 |
Net margin | 1918.5% | -340.2% | -9.6% | -37.5% | -33.0% | 32.1% | -39.3% | -88.6% |
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Diluted EPS | $2.33 | ($24.41) | ($1.14) | ($5.82) | ($7.34) | $3.16 | ($6.32) | ($11.71) |
Shares outstanding (diluted) | 75.6 | 198.9 | 173.4 | 108.5 | 83.1 | 279.1 | 232.2 | 231.6 |
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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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