Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 1,331.1 | 866.5 | 1,563.1 | 1,551.7 | 1,320.3 | 385.9 | 709.0 | 670.8 |
Revenue growth | | -44.6% | 0.7% | 17.5% | 242.1% | -45.6% | 5.7% | 155.3% |
Cost of goods sold | 357.2 | 456.3 | 508.8 | 486.8 | 80.2 | 166.0 | 208.1 | 116.7 |
Gross profit | 973.9 | 410.2 | 1,054.3 | 1,064.9 | 1,240.1 | 219.9 | 500.9 | 554.1 |
Gross margin | 73.2% | 47.3% | 67.4% | 68.6% | 93.9% | 57.0% | 70.7% | 82.6% |
Selling, general and administrative | | | | | | | | |
General and administrative | 95.4 | 87.8 | 86.1 | 95.4 | 66.6 | 56.7 | 56.7 | 62.3 |
EBIT | 542.7 | 25.3 | 340.7 | 399.0 | 540.4 | -190.0 | -0.4 | 365.1 |
EBIT margin | 40.8% | 2.9% | 21.8% | 25.7% | 40.9% | -49.2% | -0.1% | 54.4% |
Pre-tax income | 494.7 | -1,617.8 | -2,009.9 | 430.5 | 437.0 | -982.6 | -1,480.9 | 400.7 |
Income taxes | 0.0 | 7.3 | -7.6 | -0.1 | 1.8 | -2.9 | -256.0 | 153.3 |
Tax rate | 0.0% | | 0.4% | | 0.4% | 0.3% | 17.3% | 38.3% |
Net income | 412.9 | -1,625.1 | -2,002.4 | 430.6 | 435.2 | -979.7 | -1,224.9 | 247.4 |
Net margin | 31.0% | -187.5% | -128.1% | 27.7% | 33.0% | -253.9% | -172.8% | 36.9% |
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Diluted EPS | $20.29 | ($10.14) | ($12.49) | $2.45 | $2.41 | ($7.97) | ($12.27) | $2.88 |
Shares outstanding (diluted) | 20.3 | 160.2 | 160.3 | 175.4 | 180.3 | 123.0 | 99.8 | 85.8 |
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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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