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 |
Revenues | 2,412.0 | 1,513.0 | 514.9 | 280.7 | |
Revenue growth | 59.4% | 193.9% | 83.4% | | |
Cost of goods sold | 355.1 | 257.8 | 92.9 | 50.3 | |
Gross profit | 2,056.9 | 1,255.2 | 422.0 | 230.3 | |
Gross margin | 85.3% | 83.0% | 82.0% | 82.1% | |
Selling, general and administrative | 714.4 | 604.4 | 259.6 | 230.2 | |
Sales and marketing | 82.3 | 76.9 | 34.6 | 49.7 | |
EBITA | -395.9 | -313.0 | -165.0 | -125.3 | |
EBITA margin | -16.4% | -20.7% | -32.0% | -44.7% | |
Amortization of intangibles | 38.2 | 30.6 | 5.4 | | |
EBIT | -434.1 | -343.6 | -170.4 | -125.3 | |
EBIT margin | -18.0% | -22.7% | -33.1% | -44.7% | |
Pre-tax income | -634.3 | -349.6 | -170.4 | -125.3 | |
Income taxes | 3.7 | -26.5 | -9.2 | 0.0 | |
Tax rate | | 7.6% | 5.4% | 0.0% | |
Net income | -1,495.2 | -1,184.9 | -248.4 | -125.3 | |
Net margin | -62.0% | -78.3% | -48.3% | -44.7% | |
|
Diluted EPS | ($2.38) | ($3.02) | ($1.82) | ($0.93) | |
Shares outstanding (diluted) | 629.5 | 392.2 | 136.2 | 134.5 | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|