In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-05-17 |
Revenues | 196.2 | 277.1 | 186.4 | 120.3 | 251.5 | 251.5 | 141.1 | 88.7 |
Revenue growth | -29.2% | 48.7% | 55.0% | -52.2% | 78.2% | 183.5% | 29.5% | |
Cost of goods sold | 123.1 | 47.2 | 23.4 | 16.9 | 15.8 | 50.0 | 12.1 | 44.4 |
Gross profit | 73.1 | 230.0 | 163.0 | 103.4 | 235.7 | 201.5 | 129.0 | 44.3 |
Gross margin | 37.2% | 83.0% | 87.4% | 86.0% | 93.7% | 80.1% | 91.4% | 50.0% |
Selling, general and administrative | | | | | | | | |
Research and development | | 69.0 | 59.4 | 55.9 | 27.9 | | 26.9 | |
General and administrative | 70.1 | 57.5 | 64.4 | 41.9 | 37.7 | 37.7 | 28.7 | 28.7 |
EBITA | 3.0 | 126.1 | 49.2 | 824.0 | 179.5 | 163.7 | 80.2 | 68.1 |
EBITA margin | 1.5% | 45.5% | 26.4% | 685.0% | 71.4% | 65.1% | 56.8% | 76.8% |
Amortization of intangibles | | 47.2 | 23.4 | 16.9 | 15.8 | | 12.1 | |
EBIT | 3.0 | 78.9 | 25.8 | 807.1 | 163.7 | 163.7 | 68.1 | 68.1 |
EBIT margin | 1.5% | 28.5% | 13.9% | 671.0% | 65.1% | 65.1% | 48.2% | 76.8% |
Pre-tax income | 36.0 | 47.3 | -10.5 | 796.6 | 173.3 | 173.3 | 57.2 | 57.2 |
Income taxes | 41.2 | -9.8 | -7.6 | 167.3 | 30.0 | 0.0 | 44.7 | -44.7 |
Tax rate | 114.5% | | 71.7% | 21.0% | 17.3% | 0.0% | 78.1% | |
Earnings from continuing ops | -5.2 | 57.1 | -3.0 | 629.3 | 143.3 | | 12.6 | |
Earnings from discontinued ops | -28.1 | | | | | | | |
Net income | -33.4 | 57.1 | -3.0 | 629.3 | 143.3 | 0.0 | 12.6 | 0.0 |
Net margin | -17.0% | 20.6% | -1.6% | 523.2% | 57.0% | 0.0% | 8.9% | 0.0% |
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Diluted EPS | ($0.31) | $3.31 | ($0.18) | $31.85 | $5.96 | | $0.53 | |
Shares outstanding (diluted) | 16.8 | 17.2 | 16.2 | 19.8 | 24.1 | | 23.5 | |
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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. |