Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 782.1 | 792.6 | 881.1 | 869.5 | 765.7 | 467.5 | 0.0 | 0.0 |
Revenue growth | -1.3% | -10.0% | 1.3% | 13.6% | 63.8% | | | |
Cost of goods sold | 25.4 | 218.9 | 34.5 | 140.5 | 123.0 | 73.0 | 58.5 | 48.3 |
Gross profit | 756.7 | 573.7 | 846.6 | 729.0 | 642.7 | 394.5 | -58.5 | -48.3 |
Gross margin | 96.8% | 72.4% | 96.1% | 83.8% | 83.9% | 84.4% | | |
Selling, general and administrative | | | | | | | 203.5 | 197.9 |
General and administrative | 18.1 | 16.1 | 16.5 | 16.0 | 12.2 | 9.9 | | |
EBIT | 643.1 | 414.5 | 1,137.1 | 446.3 | 370.1 | 164.0 | -262.0 | -246.2 |
EBIT margin | 82.2% | 52.3% | 129.1% | 51.3% | 48.3% | 35.1% | | |
Pre-tax income | 368.6 | 170.1 | 266.9 | 219.9 | 170.9 | 0.0 | -262.0 | -246.2 |
Income taxes | 9.3 | 9.7 | -7.6 | -5.8 | 4.9 | -2.3 | 0.0 | 0.0 |
Tax rate | 2.5% | 5.7% | | | 2.9% | | 0.0% | 0.0% |
Earnings from continuing ops | 205.5 | 76.1 | 85.5 | 58.9 | 41.8 | 43.0 | | |
Earnings from discontinued ops | | | 4.8 | 8.1 | | | | |
Net income | 205.5 | 76.1 | 90.3 | 67.1 | 41.8 | 43.0 | 0.0 | 0.0 |
Net margin | 26.3% | 9.6% | 10.2% | 7.7% | 5.5% | 9.2% | | |
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Diluted EPS | $1.36 | $0.59 | $0.92 | $0.83 | $0.67 | $0.74 | | |
Shares outstanding (diluted) | 151.2 | 129.7 | 93.3 | 71.2 | 61.9 | 57.8 | | |
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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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