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 | 76.0 | -129.8 | 23.0 | 432.1 | 312.0 | 315.8 | 507.1 | 233.2 |
Revenue growth | -158.5% | -663.7% | -94.7% | 38.5% | -1.2% | -37.7% | 117.5% | 110.3% |
Cost of goods sold | 82.7 | 63.8 | 66.3 | 57.1 | 63.0 | 54.2 | 56.6 | 56.8 |
Gross profit | -6.8 | -193.6 | -43.3 | 375.0 | 249.1 | 261.6 | 450.5 | 176.5 |
Gross margin | -8.9% | 149.2% | -188.2% | 86.8% | 79.8% | 82.8% | 88.8% | 75.7% |
Selling, general and administrative | 94.1 | -213.9 | 5.7 | 134.7 | 94.9 | 75.8 | 3.0 | 86.1 |
EBIT | 324.5 | 195.3 | -1,661.5 | 310.1 | 89.4 | 267.6 | 323.3 | 497.5 |
EBIT margin | 427.2% | -150.5% | -7218.1% | 71.8% | 28.7% | 84.7% | 63.7% | 213.3% |
Pre-tax income | 324.5 | 191.4 | -1,665.8 | 310.4 | -2.5 | 297.8 | 330.2 | 475.5 |
Income taxes | 104.2 | 4.2 | -35.7 | -13.6 | 41.8 | -10.5 | 12.3 | -16.6 |
Tax rate | 32.1% | 2.2% | 2.1% | | | | 3.7% | |
Earnings from continuing ops | 186.8 | 128.8 | -1,705.9 | 248.2 | -109.7 | 279.3 | 317.9 | 492.1 |
Earnings from discontinued ops | | | | | | 44.1 | 35.4 | 0.1 |
Net income | 186.8 | 128.8 | -1,705.9 | 248.2 | -109.7 | 323.4 | 353.3 | 492.2 |
Net margin | 245.9% | -99.2% | -7411.0% | 57.4% | -35.2% | 102.4% | 69.7% | 211.1% |
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Diluted EPS | $1.94 | $1.73 | ($24.94) | $0.93 | ($0.53) | $1.48 | $1.83 | $2.69 |
Shares outstanding (diluted) | 96.1 | 74.5 | 68.4 | 267.8 | 206.0 | 188.1 | 174.0 | 182.6 |
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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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