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 | 484.0 | 406.3 | 346.2 | 375.8 | 656.1 | 460.0 | 257.8 | 190.2 |
Revenue growth | 19.1% | 17.4% | -7.9% | -42.7% | 42.6% | 78.4% | 35.5% | 96.7% |
Cost of goods sold | -663.2 | -804.6 | -264.7 | -328.9 | -3.3 | -3.6 | -0.3 | 10.8 |
Gross profit | 1,147.2 | 1,211.0 | 610.9 | 704.6 | 659.3 | 463.6 | 258.1 | 179.5 |
Gross margin | 237.0% | 298.0% | 176.5% | 187.5% | 100.5% | 100.8% | 100.1% | 94.3% |
General and administrative | 20.4 | 18.1 | 13.7 | 14.1 | 14.7 | 12.6 | 12.7 | 12.5 |
EBIT | 469.3 | 527.6 | -60.9 | 100.7 | 146.4 | 50.8 | -69.0 | -93.1 |
EBIT margin | 96.9% | 129.8% | -17.6% | 26.8% | 22.3% | 11.0% | -26.8% | -48.9% |
Pre-tax income | 462.2 | 527.6 | -137.5 | 37.4 | 84.8 | -2.3 | -127.7 | -220.8 |
Income taxes | 0.4 | 0.4 | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 | -0.2 |
Tax rate | 0.1% | 0.1% | | 0.6% | 0.3% | | | 0.1% |
Net income | 461.8 | 527.2 | -137.7 | 37.2 | 84.5 | -2.3 | -127.7 | -220.8 |
Net margin | 95.4% | 129.8% | -39.8% | 9.9% | 12.9% | -0.5% | -49.5% | -116.1% |
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Diluted EPS | $2.30 | $2.73 | ($0.96) | $0.26 | $0.59 | ($0.02) | ($1.34) | ($7.30) |
Shares outstanding (diluted) | 201.2 | 193.0 | 143.3 | 143.6 | 144.4 | 125.0 | 95.2 | 30.3 |
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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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