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 |
Revenues | 1,317.0 | 1,510.8 | 1,630.2 | 1,495.1 | 895.6 | 0.0 | 122.6 |
Revenue growth | -12.8% | -7.3% | 9.0% | 66.9% | | -100.0% | |
Cost of goods sold | 683.5 | 686.3 | 1.4 | 53.3 | 85.1 | 267.2 | 0.0 |
Gross profit | 633.6 | 824.6 | 1,628.8 | 1,441.8 | 810.4 | -267.2 | 122.6 |
Gross margin | 48.1% | 54.6% | 99.9% | 96.4% | 90.5% | | 100.0% |
Selling, general and administrative | 0.0 | 0.0 | 1,552.8 | 798.7 | 267.4 | 0.0 | |
General and administrative | 0.0 | 0.0 | | | | 0.0 | 24.4 |
EBITA | 698.4 | 887.8 | 129.3 | 631.0 | 536.0 | 458.2 | 78.5 |
EBITA margin | 53.0% | 58.8% | 7.9% | 42.2% | 59.8% | | 64.0% |
Amortization of intangibles | 64.8 | 63.2 | 53.3 | 41.5 | 5.5 | | 1.6 |
EBIT | 633.6 | 824.6 | 76.0 | 589.4 | 530.4 | 458.2 | 76.9 |
EBIT margin | 48.1% | 54.6% | 4.7% | 39.4% | 59.2% | | 62.7% |
Pre-tax income | -1,711.0 | 743.4 | -14.3 | 594.4 | 534.9 | 485.3 | 70.1 |
Income taxes | -345.1 | 105.3 | 50.7 | 83.1 | 212.4 | 98.2 | 20.7 |
Tax rate | 20.2% | 14.2% | | 14.0% | 39.7% | 20.2% | 29.5% |
Net income | -1,380.5 | 423.1 | -203.7 | 218.4 | -27.2 | 65.2 | 72.7 |
Net margin | -104.8% | 28.0% | -12.5% | 14.6% | -3.0% | | 59.3% |
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Diluted EPS | ($3.19) | $1.23 | ($0.80) | $0.86 | ($0.11) | $0.26 | |
Shares outstanding (diluted) | 433.0 | 344.0 | 254.9 | 255.0 | 254.4 | 255.0 | |
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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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