Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 2,425.6 | 768.4 | 547.7 | 847.7 |
Revenue growth | 215.7% | 40.3% | -35.4% | |
Cost of goods sold | 1,706.0 | 710.8 | 547.7 | 673.6 |
Gross profit | 719.6 | 57.6 | 0.0 | 174.1 |
Gross margin | 29.7% | 7.5% | 0.0% | 20.5% |
Selling, general and administrative | 243.1 | 64.2 | 51.0 | 38.5 |
EBIT | 461.2 | -18.0 | -78.1 | 2.5 |
EBIT margin | 19.0% | -2.3% | -14.3% | 0.3% |
Pre-tax income | 351.8 | -43.7 | -118.0 | -38.0 |
Income taxes | 9.1 | -0.2 | 0.6 | 0.6 |
Tax rate | 2.6% | 0.5% | | |
Net income | 91.5 | 0.0 | -117.4 | -38.5 |
Net margin | 3.8% | 0.0% | -21.4% | -4.5% |
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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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