Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 |
Revenues | 11,173.3 | 9,110.9 |
Revenue growth | 22.6% | |
Cost of goods sold | 9,325.5 | 7,365.2 |
Gross profit | 1,847.7 | 1,745.7 |
Gross margin | 16.5% | 19.2% |
Sales and marketing | 296.9 | 133.0 |
General and administrative | 1,444.0 | 1,024.4 |
EBIT | -765.0 | -1,349.3 |
EBIT margin | -6.8% | -14.8% |
Pre-tax income | -775.2 | -1,546.2 |
Income taxes | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% |
Net income | -1,984.5 | -4,662.8 |
Net margin | -17.8% | -51.2% |
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Diluted EPS | ($0.08) | ($0.24) |
Shares outstanding (diluted) | 25,060.1 | 19,806.1 |
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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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