Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 1,714.7 | 1,258.2 | 1,260.4 | 1,455.7 | 1,119.6 | 975.6 | 1,257.6 | 2,435.2 |
Revenue growth | 36.3% | | -13.4% | 30.0% | 14.8% | -22.4% | -48.4% | -3.3% |
Cost of goods sold | 778.3 | 854.9 | 93.8 | 104.7 | 87.2 | 77.9 | 165.7 | 234.1 |
Gross profit | 936.4 | 403.3 | 1,166.6 | 1,351.0 | 1,032.4 | 897.7 | 1,091.8 | 2,201.1 |
Gross margin | 54.6% | 32.1% | 92.6% | 92.8% | 92.2% | 92.0% | 86.8% | 90.4% |
General and administrative | 213.7 | 170.6 | 83.0 | 71.5 | 101.8 | 109.9 | 144.6 | 158.3 |
EBITA | 568.1 | 84.4 | 561.3 | 482.0 | 148.2 | -466.9 | 34.4 | 1,319.5 |
EBITA margin | 33.1% | 6.7% | 44.5% | 33.1% | 13.2% | -47.9% | 2.7% | 54.2% |
Amortization of intangibles | 9.1 | 9.1 | 2.4 | 2.4 | 2.4 | 2.3 | | |
EBIT | 559.0 | 75.3 | 558.9 | 479.6 | 145.8 | -469.2 | 34.4 | 1,319.5 |
EBIT margin | 32.6% | 6.0% | 44.3% | 32.9% | 13.0% | -48.1% | 2.7% | 54.2% |
Pre-tax income | 555.0 | 56.8 | 321.3 | 409.9 | 46.5 | -1,520.3 | -6,326.0 | 1,022.6 |
Income taxes | 74.8 | 0.8 | 104.4 | 87.2 | -116.7 | -544.2 | -1,940.5 | 387.1 |
Tax rate | 13.5% | 1.4% | 32.5% | 21.3% | | 35.8% | 30.7% | 37.9% |
Net income | 480.2 | 56.0 | 217.0 | 322.7 | 163.2 | -976.2 | -4,385.4 | 635.5 |
Net margin | 28.0% | 4.5% | 17.2% | 22.2% | 14.6% | -100.1% | -348.7% | 26.1% |
|
Diluted EPS | $8.83 | $1.04 | $0.43 | $0.71 | $0.41 | ($2.61) | ($12.57) | $1.81 |
Shares outstanding (diluted) | 54.4 | 53.8 | 510.3 | 456.2 | 395.9 | 373.9 | 348.8 | 351.2 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|