Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 1,542.9 | 1,544.7 | 1,249.2 | 854.2 | 784.5 | 704.7 | 541.1 | 441.9 |
Revenue growth | -0.1% | 23.6% | 46.2% | 8.9% | 11.3% | 30.2% | 22.5% | 41.4% |
Cost of goods sold | 167.4 | 873.4 | 749.5 | 282.9 | 280.5 | 182.8 | 169.5 | 3.8 |
Gross profit | 1,375.4 | 671.3 | 499.7 | 571.3 | 504.0 | 522.0 | 371.6 | 438.1 |
Gross margin | 89.1% | 43.5% | 40.0% | 66.9% | 64.2% | 74.1% | 68.7% | 99.1% |
Selling, general and administrative | 730.8 | 0.0 | 0.0 | | | | | |
General and administrative | | 0.0 | 0.0 | 96.4 | 81.0 | 58.6 | 48.9 | 43.6 |
EBIT | 1,141.2 | 876.7 | 622.6 | 441.0 | 1,036.3 | 371.1 | 419.4 | 324.6 |
EBIT margin | 74.0% | 56.8% | 49.8% | 51.6% | 132.1% | 52.7% | 77.5% | 73.5% |
Pre-tax income | 959.7 | 730.9 | 463.3 | 373.8 | 1,019.4 | 293.9 | 219.1 | 141.4 |
Income taxes | 55.9 | 73.9 | 31.1 | -2.6 | 0.9 | 2.7 | -6.8 | 1.5 |
Tax rate | 5.8% | 10.1% | 6.7% | | 0.1% | 0.9% | | 1.1% |
Net income | 902.6 | 656.0 | 431.5 | 374.7 | 1,016.7 | 289.8 | 225.0 | 139.6 |
Net margin | 58.5% | 42.5% | 34.5% | 43.9% | 129.6% | 41.1% | 41.6% | 31.6% |
|
Diluted EPS | $1.51 | $1.11 | $0.81 | $0.87 | $2.78 | $0.83 | $0.86 | $0.64 |
Shares outstanding (diluted) | 598.8 | 590.1 | 530.5 | 428.3 | 366.3 | 350.4 | 261.1 | 218.3 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|