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-31-15 | Dec-31-14 |
Revenues | 458.5 | 342.9 | 202.1 | 275.6 | 340.1 | 228.8 | 365.1 | 794.2 |
Revenue growth | 33.7% | 69.6% | -26.6% | -19.0% | 48.7% | | -54.0% | 69.2% |
Cost of goods sold | 29.1 | 20.8 | 20.5 | 154.7 | 138.8 | 0.0 | 15.5 | 13.4 |
Gross profit | 429.3 | 322.1 | 181.6 | 120.9 | 201.3 | 228.8 | 349.6 | 780.8 |
Gross margin | 93.7% | 93.9% | 89.8% | 43.9% | 59.2% | 100.0% | 95.7% | 98.3% |
General and administrative | 63.5 | 47.5 | 40.7 | 74.0 | 63.5 | 29.4 | 38.7 | 48.7 |
EBIT | 95.3 | -24.0 | 35.0 | -9.7 | 81.5 | 45.8 | -17.7 | 265.0 |
EBIT margin | 20.8% | -7.0% | 17.3% | -3.5% | 24.0% | 20.0% | -4.8% | 33.4% |
Pre-tax income | 57.8 | -32.1 | -464.1 | -35.1 | 54.6 | -85.1 | -1,806.8 | 123.3 |
Income taxes | -0.1 | 0.0 | -0.1 | 0.1 | 0.0 | 0.0 | -9.6 | 6.4 |
Tax rate | | 0.0% | 0.0% | | 0.0% | 0.0% | 0.5% | 5.2% |
Net income | 55.1 | -32.1 | -464.0 | -35.2 | 54.6 | -85.1 | -1,798.1 | 67.3 |
Net margin | 12.0% | -9.4% | -229.6% | -12.8% | 16.1% | -37.2% | -492.4% | 8.5% |
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Diluted EPS | $1.44 | ($0.84) | ($12.34) | ($1.20) | $2.19 | ($3.39) | ($232.74) | $10.13 |
Shares outstanding (diluted) | 38.4 | 38.0 | 37.6 | 29.3 | 25.0 | 25.1 | 7.7 | 6.6 |
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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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