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 |
Revenues | 396.3 | 423.9 | 447.7 | 184.5 | 39.3 | 10.6 |
Revenue growth | -6.5% | -5.3% | 142.7% | 369.4% | 270.5% | |
Cost of goods sold | 102.9 | 131.4 | 106.3 | 106.3 | 10.6 | 2.5 |
Gross profit | 293.4 | 292.5 | 341.4 | 78.2 | 28.7 | 8.1 |
Gross margin | 74.0% | 69.0% | 76.3% | 42.4% | 73.1% | 76.3% |
Selling, general and administrative | 21.6 | 16.4 | 12.7 | 2.0 | 1.3 | |
General and administrative | | | | | | 0.2 |
EBIT | 167.1 | 191.4 | 228.7 | 85.5 | 25.4 | 7.7 |
EBIT margin | 42.2% | 45.2% | 51.1% | 46.3% | 64.5% | 72.5% |
Pre-tax income | 174.3 | 154.9 | 212.0 | 80.3 | 25.4 | 7.7 |
Income taxes | 10.5 | 10.2 | 26.3 | 17.4 | 4.7 | 2.8 |
Tax rate | 6.0% | 6.6% | 12.4% | 21.6% | 18.5% | 35.9% |
Net income | 36.8 | 34.7 | 94.8 | 63.0 | 20.7 | 4.9 |
Net margin | 9.3% | 8.2% | 21.2% | 34.1% | 52.6% | 46.5% |
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Diluted EPS | $0.90 | $0.79 | $2.17 | | | |
Shares outstanding (diluted) | 40.7 | 43.7 | 43.6 | | | |
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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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