Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-20 |
| Revenues | 1,413.8 | 964.3 |
| Cost of goods sold | 146.9 | 374.1 |
| Gross profit | 1,267.0 | 590.1 |
| Gross margin | 89.6% | 61.2% |
| General and administrative | 82.2 | 121.2 |
| EBIT | 223.3 | -146.7 |
| EBIT margin | 15.8% | -15.2% |
| Pre-tax income | 191.5 | -4,238.9 |
| Income taxes | 22.6 | -260.4 |
| Tax rate | 11.8% | 6.1% |
| Net income | 168.9 | -3,978.5 |
| Net margin | 11.9% | -412.6% |
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| Diluted EPS | $1.73 | ($15.86) |
| Shares outstanding (diluted) | 97.6 | 250.8 |
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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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