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 | Dec-31-14 |
Revenues | 70.5 | 29.5 | 3,464.3 | 1,547.1 | 3,891.7 | 2,220.3 | 1,518.9 | 2,169.0 |
Revenue growth | 139.2% | -99.1% | 123.9% | -60.2% | 75.3% | 46.2% | -30.0% | -16.9% |
Cost of goods sold | 2,843.0 | 1,425.1 | 2,994.6 | 852.1 | 3,463.7 | 1,987.8 | 1,085.4 | 1,891.3 |
Gross profit | -2,772.5 | -1,395.6 | 469.7 | 695.0 | 428.0 | 232.5 | 433.5 | 277.6 |
Gross margin | -3930.9% | -4732.0% | 13.6% | 44.9% | 11.0% | 10.5% | 28.5% | 12.8% |
Selling, general and administrative | 243.7 | 183.6 | 154.2 | 129.3 | 111.7 | 102.2 | 96.2 | 81.6 |
EBIT | 796.7 | 1,277.7 | 427.7 | 813.4 | 504.4 | 409.7 | 575.6 | 52.1 |
EBIT margin | 1129.6% | 4332.2% | 12.3% | 52.6% | 13.0% | 18.5% | 37.9% | 2.4% |
Pre-tax income | 602.7 | 816.0 | 315.6 | 565.7 | 316.3 | 130.2 | 337.3 | 196.1 |
Income taxes | 128.8 | 144.5 | 69.5 | 107.7 | 141.6 | 47.0 | 117.5 | 70.0 |
Tax rate | 21.4% | 17.7% | 22.0% | 19.0% | 44.8% | 36.1% | 34.8% | 35.7% |
Net income | 430.3 | 637.9 | 246.1 | 458.0 | 174.6 | 83.2 | 219.8 | 126.0 |
Net margin | 610.1% | 2163.1% | 7.1% | 29.6% | 4.5% | 3.7% | 14.5% | 5.8% |
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Diluted EPS | $4.55 | $6.90 | $2.68 | $5.01 | $1.93 | $0.97 | $2.72 | $1.58 |
Shares outstanding (diluted) | 94.5 | 92.4 | 91.8 | 91.4 | 90.3 | 85.6 | 81.0 | 79.9 |
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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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