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 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| Revenues | 599.1 | 967.1 | 1,416.9 | 2,218.9 | 2,636.7 | 2,843.9 | 3,013.6 | 2,954.8 |
| Revenue growth | -38.1% | -31.7% | -36.1% | -15.8% | -7.3% | -5.6% | 2.0% | -2.9% |
| Cost of goods sold | 76.3 | 230.0 | 739.6 | 1,032.8 | 1,316.1 | 1,510.0 | 1,733.0 | 1,667.0 |
| Gross profit | 522.8 | 737.1 | 677.3 | 1,186.1 | 1,320.6 | 1,333.9 | 1,280.7 | 1,287.8 |
| Gross margin | 87.3% | 76.2% | 47.8% | 53.5% | 50.1% | 46.9% | 42.5% | 43.6% |
| Selling, general and administrative | 630.6 | 699.9 | 757.7 | 1,146.3 | 1,266.7 | 1,302.7 | 1,351.9 | 1,341.9 |
| Sales and marketing | 149.2 | 188.8 | 154.5 | 339.4 | 395.7 | 400.9 | 352.2 | 241.3 |
| EBITA | -87.0 | 46.1 | -48.3 | 54.2 | 68.5 | 54.2 | -29.5 | -37.6 |
| EBITA margin | -14.5% | 4.8% | -3.4% | 2.4% | 2.6% | 1.9% | -1.0% | -1.3% |
| Amortization of intangibles | 8.5 | 8.9 | 9.7 | 14.4 | 14.5 | 23.0 | 18.9 | 18.3 |
| EBIT | -95.5 | 37.2 | -58.1 | 39.8 | 54.0 | 31.2 | -48.4 | -55.9 |
| EBIT margin | -15.9% | 3.9% | -4.1% | 1.8% | 2.0% | 1.1% | -1.6% | -1.9% |
| Pre-tax income | -192.0 | 88.0 | -294.1 | -13.5 | 1.0 | 36.1 | -171.5 | -96.3 |
| Income taxes | 42.4 | -32.3 | -7.5 | 0.8 | -1.0 | 7.5 | -5.3 | -23.0 |
| Tax rate | | | 2.6% | | | 20.9% | 3.1% | 23.9% |
| Earnings from continuing ops | -234.4 | 120.3 | -573.1 | -28.6 | 2.0 | 57.2 | -177.5 | -52.6 |
| Earnings from discontinued ops | | | 0.4 | 2.6 | | -2.0 | -17.1 | |
| Net income | -234.4 | 120.3 | -572.7 | -26.0 | 2.0 | 55.2 | -194.6 | -52.6 |
| Net margin | -39.1% | 12.4% | -40.4% | -1.2% | 0.1% | 1.9% | -6.5% | -1.8% |
| |
| Diluted EPS | ($7.77) | $3.59 | ($20.04) | ($1.01) | $0.07 | $0.10 | ($0.31) | ($0.08) |
| Shares outstanding (diluted) | 30.2 | 33.5 | 28.6 | 28.4 | 28.3 | 568.4 | 576.4 | 650.1 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|