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 | 2,641.3 | 1,596.6 | 844.8 | 2,832.2 | 2,837.4 | 2,675.1 | 2,432.4 | 2,317.5 |
Revenue growth | 65.4% | 89.0% | -70.2% | -0.2% | 6.1% | 10.0% | 5.0% | 0.1% |
Cost of goods sold | 2,851.3 | 1,457.4 | 1,089.2 | 1,764.5 | 1,776.9 | 1,547.5 | 1,341.3 | 1,447.5 |
Gross profit | -210.1 | 139.2 | -244.4 | 1,067.7 | 1,060.5 | 1,127.7 | 1,091.1 | 870.0 |
Gross margin | -8.0% | 8.7% | -28.9% | 37.7% | 37.4% | 42.2% | 44.9% | 37.5% |
Selling, general and administrative | 0.0 | | | | | | | |
Sales and marketing | 0.0 | 72.5 | 46.3 | 130.2 | 129.3 | 126.8 | 122.8 | 119.7 |
EBITA | -191.3 | -91.5 | -831.7 | 328.1 | 315.4 | 441.8 | 290.7 | 451.3 |
EBITA margin | -7.2% | -5.7% | -98.5% | 11.6% | 11.1% | 16.5% | 11.9% | 19.5% |
Amortization of intangibles | | | | 0.6 | 1.0 | 1.2 | 2.3 | 2.6 |
EBIT | -191.3 | -91.5 | -831.7 | 327.5 | 314.4 | 440.6 | 288.3 | 448.6 |
EBIT margin | -7.2% | -5.7% | -98.5% | 11.6% | 11.1% | 16.5% | 11.9% | 19.4% |
Pre-tax income | -293.8 | -185.3 | -700.1 | 305.0 | 301.2 | 390.8 | 361.2 | 295.7 |
Income taxes | -53.8 | -40.6 | -189.1 | 81.0 | 68.0 | 60.2 | 137.1 | 113.0 |
Tax rate | 18.3% | 21.9% | 27.0% | 26.6% | 22.6% | 15.4% | 38.0% | 38.2% |
Net income | -240.1 | -144.8 | -510.9 | 224.0 | 233.2 | 330.6 | 224.1 | 182.6 |
Net margin | -9.1% | -9.1% | -60.5% | 7.9% | 8.2% | 12.4% | 9.2% | 7.9% |
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Diluted EPS | ($4.67) | ($2.85) | ($11.08) | $4.71 | $4.62 | $6.19 | $4.15 | $2.98 |
Shares outstanding (diluted) | 51.4 | 50.8 | 46.1 | 47.5 | 50.5 | 53.4 | 54.0 | 61.3 |
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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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