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 | 2,002.9 | 4,976.4 | 2,114.8 | | 180.3 |
Revenue growth | -59.8% | 135.3% | | | |
Cost of goods sold | 473.7 | 579.7 | 522.7 | | 481.8 |
Gross profit | 1,529.2 | 4,396.7 | 1,592.1 | | -301.6 |
Gross margin | 76.3% | 88.4% | 75.3% | | -167.3% |
General and administrative | 368.9 | 278.6 | 260.7 | | 337.1 |
EBITA | -387.2 | 4,337.6 | 2,001.9 | | 733.3 |
EBITA margin | -19.3% | 87.2% | 94.7% | | 406.7% |
Amortization of intangibles | 28.4 | 19.8 | 0.1 | | |
EBIT | -415.6 | 4,317.8 | 2,001.8 | | 733.3 |
EBIT margin | -20.8% | 86.8% | 94.7% | | 406.7% |
Pre-tax income | 0.0 | 4,665.0 | 1,448.7 | | 719.1 |
Income taxes | 32.5 | 9.0 | 9.8 | | 8.2 |
Tax rate | | 0.2% | 0.7% | | 1.1% |
Net income | -56.2 | 4,656.0 | 1,438.9 | | 710.9 |
Net margin | -2.8% | 93.6% | 68.0% | | 394.3% |
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Diluted EPS | ($0.18) | | | | |
Shares outstanding (diluted) | 308.9 | | | | |
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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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