Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 2,800.5 | 1,974.8 | 1,321.7 | 907.2 | 861.4 | 741.4 | 764.7 | 690.4 |
| Revenue growth | 41.8% | 49.4% | 45.7% | 5.3% | 16.2% | -3.0% | 10.8% | -20.9% |
| Cost of goods sold | 1,014.9 | 811.8 | 524.1 | 304.7 | 259.0 | 238.5 | 236.0 | 213.6 |
| Gross profit | 1,785.6 | 1,163.0 | 797.6 | 602.5 | 602.4 | 502.9 | 528.7 | 476.8 |
| Gross margin | 63.8% | 58.9% | 60.3% | 66.4% | 69.9% | 67.8% | 69.1% | 69.1% |
| Sales and marketing | 955.1 | 683.5 | 464.1 | 226.5 | 212.0 | 183.6 | 169.6 | 157.4 |
| Research and development | 545.9 | 713.7 | 505.9 | 270.3 | 256.0 | 320.3 | 361.9 | 396.6 |
| General and administrative | 162.0 | 136.0 | 99.8 | 98.9 | 108.7 | 92.5 | 143.3 | 167.7 |
| EBITA | 122.6 | -370.2 | -272.2 | 6.8 | 25.7 | -93.6 | -146.1 | -220.1 |
| EBITA margin | 4.4% | -18.7% | -20.6% | 0.7% | 3.0% | -12.6% | -19.1% | -31.9% |
| Amortization of intangibles | | | | | | | | 24.6 |
| EBIT | 122.6 | -370.2 | -272.2 | 6.8 | 25.7 | -93.6 | -146.1 | -244.7 |
| EBIT margin | 4.4% | -18.7% | -20.6% | 0.7% | 3.0% | -12.6% | -19.1% | -35.4% |
| Pre-tax income | -8.2 | -405.4 | 47.3 | 26.5 | 37.6 | -104.7 | -130.2 | -233.2 |
| Income taxes | 96.0 | 24.0 | 5.4 | 11.0 | 10.9 | 3.4 | -8.7 | -7.3 |
| Tax rate | | | 11.4% | 41.5% | 29.1% | | 6.7% | 3.1% |
| Net income | -104.2 | -429.4 | 41.9 | 15.5 | 26.6 | -108.2 | -121.5 | -225.9 |
| Net margin | -3.7% | -21.7% | 3.2% | 1.7% | 3.1% | -14.6% | -15.9% | -32.7% |
| |
| Diluted EPS | ($0.09) | ($0.42) | $0.04 | $17.42 | $0.03 | ($0.12) | ($0.13) | ($0.26) |
| Shares outstanding (diluted) | 1,099.1 | 1,016.8 | 974.0 | 0.9 | 897.2 | 878.8 | 913.5 | 874.5 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|