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 | Dec-31-15 | Dec-31-14 |
Revenues | 640.3 | 428.4 | 628.5 | 742.3 | 646.3 | 754.3 | 458.9 | 241.8 |
Revenue growth | 49.5% | -31.8% | -15.3% | 14.8% | -14.3% | 64.4% | 89.8% | 80.6% |
Cost of goods sold | -114.9 | -822.7 | -332.3 | -10.2 | -2.4 | 2.7 | -108.9 | -69.0 |
Gross profit | 755.3 | 1,251.1 | 960.7 | 752.5 | 648.7 | 751.6 | 567.9 | 310.8 |
Gross margin | 118.0% | 292.0% | 152.9% | 101.4% | 100.4% | 99.6% | 123.7% | 128.5% |
General and administrative | 27.9 | 44.2 | 45.0 | 37.3 | 37.6 | 37.0 | 10.6 | 4.9 |
EBIT | 11.5 | 503.4 | 241.2 | 83.0 | -32.1 | 239.2 | 289.9 | 120.7 |
EBIT margin | 1.8% | 117.5% | 38.4% | 11.2% | -5.0% | 31.7% | 63.2% | 49.9% |
Pre-tax income | -15.8 | 413.0 | 139.7 | -8.7 | -264.6 | 117.2 | 255.2 | 137.4 |
Income taxes | -4.6 | 0.0 | -0.3 | -0.3 | -0.3 | -0.3 | -0.2 | 0.0 |
Tax rate | 29.4% | 0.0% | | 3.6% | 0.1% | | | 0.0% |
Earnings from continuing ops | -11.1 | 412.9 | 140.0 | -8.9 | -264.9 | 117.0 | 541.0 | 211.6 |
Earnings from discontinued ops | | | | | | | -131.0 | -51.2 |
Net income | -11.1 | 412.9 | 140.0 | -8.9 | -264.9 | 117.0 | 410.0 | 160.5 |
Net margin | -1.7% | 96.4% | 22.3% | -1.2% | -41.0% | 15.5% | 89.3% | 66.4% |
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Diluted EPS | ($0.06) | $2.09 | $0.78 | ($0.05) | ($1.56) | $0.75 | $4.51 | $1.69 |
Shares outstanding (diluted) | 199.0 | 197.8 | 179.3 | 169.8 | 169.8 | 157.0 | 120.1 | 125.2 |
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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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