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 | 1,210.5 | 713.2 | 226.8 | 219.4 | 231.4 | 211.7 | 190.5 | 223.7 |
Revenue growth | 69.7% | 214.5% | 3.4% | -5.2% | 9.3% | 11.1% | -14.8% | -1.6% |
Cost of goods sold | 122.6 | 36.1 | 11.0 | 12.3 | 10.0 | 11.3 | 12.1 | 7.2 |
Gross profit | 1,087.9 | 677.0 | 215.7 | 207.0 | 221.3 | 200.3 | 178.5 | 216.5 |
Gross margin | 89.9% | 94.9% | 95.1% | 94.4% | 95.7% | 94.6% | 93.7% | 96.8% |
General and administrative | 67.2 | 41.5 | 24.0 | 21.0 | 18.5 | 17.2 | 12.4 | 7.9 |
EBITA | 549.6 | 533.3 | 27.7 | 14.8 | 73.4 | 56.8 | 19.9 | 78.5 |
EBITA margin | 45.4% | 74.8% | 12.2% | 6.7% | 31.7% | 26.9% | 10.4% | 35.1% |
Amortization of intangibles | 37.5 | 13.7 | 1.2 | 1.2 | 3.7 | | | |
EBIT | 512.1 | 519.6 | 26.6 | 13.6 | 69.6 | 56.8 | 19.9 | 78.5 |
EBIT margin | 42.3% | 72.9% | 11.7% | 6.2% | 30.1% | 26.9% | 10.4% | 35.1% |
Pre-tax income | 579.2 | 511.3 | -68.5 | -62.1 | -13.1 | -14.9 | -52.5 | 41.8 |
Income taxes | 0.0 | -4.9 | 0.0 | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 |
Tax rate | 0.0% | | 0.0% | 0.0% | 0.0% | | 0.0% | 0.0% |
Net income | 567.7 | 505.9 | -67.2 | -60.9 | -13.1 | -15.1 | -52.5 | 41.8 |
Net margin | 46.9% | 70.9% | -29.6% | -27.8% | -5.7% | -7.1% | -27.6% | 18.7% |
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Diluted EPS | $18.82 | $22.32 | ($6.13) | ($5.62) | ($1.21) | ($1.71) | ($0.63) | $0.51 |
Shares outstanding (diluted) | 30.2 | 22.7 | 11.0 | 10.8 | 10.8 | 8.8 | 83.1 | 82.4 |
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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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