Financial Summary (All financials)
In millions, except per share items | Feb-28-23 | Feb-28-22 | Feb-28-21 | Feb-29-20 | Feb-28-19 | Feb-28-18 | Feb-28-17 | Feb-29-16 |
Revenues | 1,019.8 | 4,390.9 | 4,495.8 | 3,273.3 | 2,563.0 | 1,715.0 | 1,043.1 | 619.9 |
Revenue growth | -76.8% | -2.3% | 37.3% | 27.7% | 49.4% | 64.4% | 68.3% | 42.9% |
Cost of goods sold | 436.4 | 2,203.3 | 2,048.6 | 1,468.6 | 1,164.5 | 882.3 | 522.3 | 303.6 |
Gross profit | 583.4 | 2,187.6 | 2,447.2 | 1,804.7 | 1,398.5 | 832.7 | 520.8 | 316.3 |
Gross margin | 57.2% | 49.8% | 54.4% | 55.1% | 54.6% | 48.6% | 49.9% | 51.0% |
Sales and marketing | 283.0 | 1,118.1 | 1,680.1 | 852.8 | 484.0 | 242.1 | 126.0 | 73.6 |
General and administrative | 413.8 | 1,199.7 | 1,117.3 | 795.0 | 579.7 | 386.3 | 263.3 | 161.0 |
EBITA | -82.3 | -84.8 | -295.9 | 174.4 | 337.6 | 209.6 | 131.2 | 135.8 |
EBITA margin | -8.1% | -1.9% | -6.6% | 5.3% | 13.2% | 12.2% | 12.6% | 21.9% |
Amortization of intangibles | 1.2 | 13.9 | 24.0 | 15.7 | 12.2 | 8.3 | 4.6 | 1.0 |
EBIT | -83.4 | -98.7 | -320.0 | 158.8 | 325.4 | 201.3 | 126.6 | 134.8 |
EBIT margin | -8.2% | -2.2% | -7.1% | 4.9% | 12.7% | 11.7% | 12.1% | 21.7% |
Pre-tax income | -109.7 | -778.1 | -224.6 | -50.7 | 457.2 | 247.0 | 154.6 | 136.9 |
Income taxes | 20.0 | 397.0 | -69.9 | 69.3 | 76.5 | 44.7 | 34.1 | 33.5 |
Tax rate | | | 31.1% | | 16.7% | 18.1% | 22.0% | 24.5% |
Net income | -135.6 | -1,136.1 | -116.0 | -110.2 | 367.2 | 198.4 | 116.9 | 102.9 |
Net margin | -13.3% | -25.9% | -2.6% | -3.4% | 14.3% | 11.6% | 11.2% | 16.6% |
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Diluted EPS | ($0.64) | ($5.29) | ($0.57) | ($0.56) | $1.83 | $1.02 | $0.62 | $0.56 |
Shares outstanding (diluted) | 212.6 | 214.8 | 203.6 | 198.2 | 200.2 | 194.3 | 188.5 | 183.1 |
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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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