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 |
Revenues | 598.1 | 540.8 | 393.7 | 370.5 | 272,924.0 |
Revenue growth | 10.6% | 37.4% | 6.3% | -99.9% | |
Cost of goods sold | 257.1 | 223.0 | 161.8 | 147.4 | 108,616.0 |
Gross profit | 341.1 | 317.7 | 231.9 | 223.1 | 164,308.0 |
Gross margin | 57.0% | 58.8% | 58.9% | 60.2% | 60.2% |
Selling, general and administrative | 452.3 | 461.4 | 287.6 | 224.8 | 188,319.0 |
EBIT | -111.2 | -143.7 | -55.6 | -1.7 | -24,011.0 |
EBIT margin | -18.6% | -26.6% | -14.1% | -0.4% | -8.8% |
Pre-tax income | -109.9 | -144.0 | -55.7 | 0.3 | -22,638.0 |
Income taxes | 0.5 | 0.3 | 0.2 | 0.3 | 238.0 |
Tax rate | | | | 100.0% | |
Net income | -110.4 | -157.4 | -55.9 | -57.5 | -25,552.0 |
Net margin | -18.5% | -29.1% | -14.2% | -15.5% | -9.4% |
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Diluted EPS | ($0.96) | ($2.21) | ($1.05) | ($1.10) | ($0.49) |
Shares outstanding (diluted) | 114.9 | 71.2 | 53.0 | 52.4 | 52,384.0 |
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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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