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-31-16 | Dec-31-15 |
Revenues | 1,113.9 | 793.6 | 460.3 | 478.1 | 380.4 | 412.4 | 468.2 | 443.0 |
Revenue growth | 40.3% | 72.4% | -3.7% | 25.7% | -7.8% | -11.9% | 5.7% | 8000.7% |
Cost of goods sold | 269.2 | 180.0 | 117.1 | 116.1 | 110.6 | 103.8 | 105.8 | -218.8 |
Gross profit | 844.6 | 613.7 | 343.3 | 362.0 | 269.8 | 308.6 | 362.4 | 661.9 |
Gross margin | 75.8% | 77.3% | 74.6% | 75.7% | 70.9% | 74.8% | 77.4% | 149.4% |
General and administrative | 9.7 | 6.9 | 4.1 | 3.1 | 2.9 | 3.2 | 7.3 | 6.3 |
EBITA | 664.5 | 454.2 | 76.5 | 184.5 | 129.2 | 140.4 | 166.0 | 217.4 |
EBITA margin | 59.7% | 57.2% | 16.6% | 38.6% | 34.0% | 34.0% | 35.5% | 49.1% |
Amortization of intangibles | | | | | 0.0 | | | |
EBIT | 664.5 | 454.2 | 76.5 | 184.5 | 129.2 | 140.4 | 166.0 | 217.4 |
EBIT margin | 59.7% | 57.2% | 16.6% | 38.6% | 34.0% | 34.0% | 35.5% | 49.1% |
Pre-tax income | 554.7 | 435.1 | 8.9 | 99.0 | 67.2 | 72.9 | 81.7 | 143.8 |
Income taxes | -0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | 523.9 | 404.1 | -21.6 | 67.7 | 36.7 | 51.8 | 60.6 | 125.9 |
Net margin | 47.0% | 50.9% | -4.7% | 14.2% | 9.7% | 12.6% | 13.0% | 28.4% |
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Diluted EPS | $4.26 | $3.28 | ($0.18) | $0.59 | $0.33 | $0.52 | $0.79 | $1.68 |
Shares outstanding (diluted) | 123.0 | 123.1 | 120.7 | 115.7 | 110.4 | 100.5 | 77.2 | 75.0 |
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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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