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 |
Revenues | 775.6 | 1,410.9 | 2,029.4 | 2,758.0 | 2,352.4 | 978.7 |
Revenue growth | -45.0% | -30.5% | -26.4% | 17.2% | 140.4% | |
Cost of goods sold | 211.2 | 190.4 | 228.1 | 443.1 | 546.0 | 299.2 |
Gross profit | 564.4 | 1,220.5 | 1,801.3 | 2,314.9 | 1,806.5 | 679.5 |
Gross margin | 72.8% | 86.5% | 88.8% | 83.9% | 76.8% | 69.4% |
General and administrative | 21.1 | 39.9 | 53.9 | 64.4 | 21.7 | 58.3 |
EBIT | 151.1 | 233.3 | 767.1 | -1,191.9 | -1,191.9 | -492.6 |
EBIT margin | 19.5% | 16.5% | 37.8% | -43.2% | -50.7% | -50.3% |
Pre-tax income | 93.8 | 162.7 | 721.0 | 1,157.7 | 808.7 | 288.0 |
Income taxes | 28.6 | 47.8 | 186.4 | 296.8 | 276.0 | 52.6 |
Tax rate | 30.5% | 29.4% | 25.8% | 25.6% | 34.1% | 18.3% |
Net income | 65.2 | 114.9 | 534.6 | 860.9 | 532.7 | 235.4 |
Net margin | 8.4% | 8.1% | 26.3% | 31.2% | 22.6% | 24.1% |
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Diluted EPS | $0.05 | $0.08 | $0.36 | $0.62 | $0.40 | $0.19 |
Shares outstanding (diluted) | 1,439.7 | 1,525.2 | 1,467.8 | 1,389.3 | 1,331.4 | 1,230.4 |
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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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