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 | 805.5 | 653.1 | 450.6 | 501.8 | 337.9 |
Revenue growth | 23.3% | 44.9% | -10.2% | 48.5% | |
Cost of goods sold | 53.8 | 41.8 | 35.8 | 66.0 | 260.3 |
Gross profit | 751.7 | 611.3 | 414.8 | 435.8 | 77.6 |
Gross margin | 93.3% | 93.6% | 92.1% | 86.8% | 23.0% |
Selling, general and administrative | 202.3 | 173.8 | 145.1 | 168.6 | 67.9 |
EBITA | 130.4 | 110.0 | 22.6 | 56.8 | 9.7 |
EBITA margin | 16.2% | 16.8% | 5.0% | 11.3% | 2.9% |
Amortization of intangibles | 45.2 | 33.9 | 29.3 | 59.2 | |
EBIT | 85.2 | 76.1 | -6.7 | -2.4 | 9.7 |
EBIT margin | 10.6% | 11.7% | -1.5% | -0.5% | 2.9% |
Pre-tax income | -136.6 | 46.6 | -38.7 | -28.4 | -28.7 |
Income taxes | -6.2 | 13.7 | 0.9 | 0.1 | 0.2 |
Tax rate | 4.5% | 29.4% | | | |
Earnings from continuing ops | 76.5 | 65.8 | -79.2 | -28.5 | -28.9 |
Earnings from discontinued ops | -653.3 | -23.0 | 25.1 | | |
Net income | -576.8 | 42.8 | -54.1 | -28.5 | -28.9 |
Net margin | -71.6% | 6.6% | -12.0% | -5.7% | -8.6% |
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Diluted EPS | $0.43 | $0.38 | | | |
Shares outstanding (diluted) | 176.3 | 172.1 | | | |
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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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