| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
| Revenues | 993.3 | 689.5 | 461.6 | 447.2 | 458.7 | 451.7 | 498.3 | 567.9 |
| Revenue growth | 44.1% | 49.4% | 3.2% | -2.5% | 1.5% | -9.4% | -12.3% | 2.9% |
| Cost of goods sold | 260.1 | 287.3 | 237.8 | 219.3 | 126.0 | 126.3 | 144.7 | 128.9 |
| Gross profit | 733.3 | 402.2 | 223.8 | 227.9 | 332.7 | 325.4 | 353.7 | 439.1 |
| Gross margin | 73.8% | 58.3% | 48.5% | 51.0% | 72.5% | 72.0% | 71.0% | 77.3% |
| Selling, general and administrative [+] | 36.6 | 44.0 | 24.3 | 26.8 | 26.3 | 22.7 | 22.1 | 21.8 |
| General and administrative | 36.6 | 44.0 | 24.3 | 26.8 | 26.3 | 22.7 | 22.1 | 21.8 |
| Equity in earnings | | 68.0 | 6.3 | 1.6 | 1.4 | 1.0 | -16.3 | -1.9 |
| Other operating expenses | 1.3 | | | | | | 129.0 | 131.8 |
| EBITDA [+] | 826.6 | 540.1 | 307.3 | 299.2 | 307.7 | 303.7 | 315.3 | 415.3 |
| EBITDA growth | 53.0% | 75.8% | 2.7% | -2.8% | 1.3% | -3.7% | -24.1% | 3.9% |
| EBITDA margin | 83.2% | 78.3% | 66.6% | 66.9% | 67.1% | 67.2% | 63.3% | 73.1% |
| Depreciation and amortization | 131.2 | 113.8 | 101.5 | 96.5 | 107.8 | 115.2 | 129.0 | 131.8 |
| EBIT [+] | 695.4 | 426.3 | 205.8 | 202.7 | 200.0 | 188.5 | 186.3 | 283.5 |
| EBIT growth | 63.1% | 107.1% | 1.5% | 1.4% | 6.1% | 1.2% | -34.3% | 8.0% |
| EBIT margin | 70.0% | 61.8% | 44.6% | 45.3% | 43.6% | 41.7% | 37.4% | 49.9% |
| Non-recurring items [+] | 42.0 | | | | 210.7 | | 415.2 | 41.1 |
| Asset impairment | 79.2 | | | | 210.7 | | 415.1 | 41.1 |
| Loss (gain) on sale of assets | -37.2 | | | | | | 0.0 | |
| Interest expense, net [+] | 57.6 | 56.8 | 46.9 | 65.7 | 79.9 | 81.0 | 78.3 | 81.0 |
| Interest expense | 62.1 | 69.0 | 53.5 | 72.1 | 85.7 | 86.6 | 83.0 | 84.4 |
| Interest income | 4.6 | 12.2 | 6.6 | 6.4 | 5.8 | 5.6 | 4.7 | 3.4 |
| Other income (expense), net [+] | -18.4 | 689.2 | -5.4 | -5.8 | 57.7 | -23.6 | -59.0 | -44.4 |
| Gain (loss) on investments | -176.4 | 543.7 | | | | | | |
| Gain (loss) on debt retirement | 4.4 | 111.6 | | | 116.4 | | | |
| Gain (loss) on derivative instruments | -3.6 | -3.6 | -3.6 | -3.6 | -5.1 | -3.7 | -12.5 | -39.9 |
| Other | -6.6 | 4.5 | 0.6 | 0.6 | -50.5 | -15.8 | -41.6 | 0.1 |
| Pre-tax income | 577.5 | 1,058.7 | 153.6 | 131.3 | -32.9 | 83.9 | -366.2 | 117.0 |
| Income taxes | 18.3 | 5.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Tax rate | 3.2% | 0.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | 559.2 | 1,052.8 | 153.6 | 131.3 | -32.9 | 83.9 | -366.2 | 117.0 |
| Net margin | 56.3% | 152.7% | 33.3% | 29.3% | -7.2% | 18.6% | -73.5% | 20.6% |
| |
| Basic EPS [+] | $27.30 | $51.75 | $6.51 | $8.29 | ($3.10) | $10.70 | ($3.34) | $1.07 |
| Growth | -47.2% | 695.0% | -21.5% | -367.3% | -129.0% | -420.7% | -412.9% | -3082.1% |
| Diluted EPS [+] | $27.28 | $51.15 | $6.45 | $8.09 | ($3.10) | $10.70 | ($3.34) | $1.07 |
| Growth | -46.7% | 693.0% | -20.3% | -361.0% | -129.0% | -420.7% | -412.9% | -3082.1% |
| |
| Dividends per share [+] | $3.00 | $1.52 | | | | | | |
| Growth | 97.7% | | | | | | | |
| |
| Shares outstanding (basic) [+] | 20.5 | 20.3 | 23.6 | 15.8 | 10.6 | 7.8 | 109.8 | 109.8 |
| Growth | 0.7% | -13.8% | 49.0% | 49.1% | 35.4% | -92.9% | 0.0% | 0.1% |
| Shares outstanding (diluted) [+] | 20.5 | 20.6 | 23.8 | 16.2 | 10.6 | 7.8 | 109.8 | 109.8 |
| Growth | -0.4% | -13.5% | 46.8% | 52.7% | 35.4% | -92.9% | 0.0% | 0.1% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |