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 |
Revenues | 31.9 | 17,455.0 | 11,139.0 | 13,000.0 | 10,433.0 | 7,932.0 | 3.8 |
Revenue growth | -99.8% | 56.7% | -14.3% | 24.6% | 31.5% | 206193.9% | |
Cost of goods sold | 23.0 | 11,228.0 | 6,973.0 | 8,363.0 | 6,302.0 | 5,514.0 | 3.1 |
Gross profit | 8.9 | 6,227.0 | 4,166.0 | 4,637.0 | 4,131.0 | 2,418.0 | 0.7 |
Gross margin | 27.8% | 35.7% | 37.4% | 35.7% | 39.6% | 30.5% | 19.1% |
Sales and marketing | 4.8 | 4,789.0 | 3,583.0 | 4,626.0 | 3,151.0 | 2,524.0 | 1.6 |
Research and development | 2.8 | 2,054.0 | 2,205.0 | 4,836.0 | 1,505.0 | 1,201.0 | 0.9 |
General and administrative | 3.1 | 2,316.0 | 2,666.0 | 3,299.0 | 2,082.0 | 2,263.0 | 1.0 |
EBITA | -1.7 | -3,432.0 | -4,742.0 | -8,614.0 | -3,060.0 | -4,073.0 | -3.0 |
EBITA margin | -5.4% | -19.7% | -42.6% | -66.3% | -29.3% | -51.3% | -78.6% |
Amortization of intangibles | | 439.0 | 155.0 | 16.0 | 15.0 | 7.0 | |
EBIT | -1.7 | -3,871.0 | -4,897.0 | -8,630.0 | -3,075.0 | -4,080.0 | -3.0 |
EBIT margin | -5.4% | -22.2% | -44.0% | -66.4% | -29.5% | -51.4% | -78.6% |
Pre-tax income | -9.4 | -1,025.0 | -6,946.0 | -8,433.0 | 1,312.0 | -4,575.0 | -3.2 |
Income taxes | -0.2 | -492.0 | -192.0 | 45.0 | 283.0 | -542.0 | 0.0 |
Tax rate | 1.9% | 48.0% | 2.8% | | 21.6% | 11.8% | |
Earnings from continuing ops | -9.1 | -496.0 | -6,768.0 | -8,506.0 | 997.0 | -4,033.0 | -3.2 |
Earnings from discontinued ops | | | | | | | 2.9 |
Net income | -9.1 | -496.0 | -6,768.0 | -8,506.0 | 997.0 | -4,033.0 | -0.4 |
Net margin | -28.7% | -2.8% | -60.8% | -65.4% | 9.6% | -50.8% | -9.6% |
|
Diluted EPS | | ($0.26) | ($3.86) | ($6.81) | $2.08 | ($9.46) | ($7.89) |
Shares outstanding (diluted) | | 1,895.5 | 1,753.0 | 1,248.4 | 479.0 | 426.4 | 0.4 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|