Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 1,030.5 | 505.7 | 143.3 |
Revenue growth | 103.8% | 252.9% | |
Cost of goods sold | 726.0 | 485.4 | 153.2 |
Gross profit | 304.6 | 20.3 | -9.9 |
Gross margin | 29.6% | 4.0% | -6.9% |
General and administrative | 148.6 | 85.7 | 29.4 |
EBIT | 304.6 | 20.3 | -9.9 |
EBIT margin | 29.6% | 4.0% | -6.9% |
Pre-tax income | 472.8 | -175.0 | -4.4 |
Income taxes | 62.7 | -40.5 | 39.0 |
Tax rate | 13.3% | 23.2% | |
Net income | 410.1 | -134.5 | -43.3 |
Net margin | 39.8% | -26.6% | -30.3% |
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Diluted EPS | $3.31 | ($1.15) | ($0.41) |
Shares outstanding (diluted) | 124.0 | 116.9 | 105.3 |
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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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