Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 1,678.8 | 675.6 | 350.0 | 301.6 | 323.2 | 196.2 | 182.0 | 182.6 |
| Revenue growth | 148.5% | 93.0% | 16.0% | -6.7% | 64.7% | 7.8% | -0.3% | 67.5% |
| Cost of goods sold | 581.6 | 441.6 | 269.9 | 203.5 | 179.2 | 118.4 | 144.5 | 139.3 |
| Gross profit | 1,097.2 | 234.0 | 80.1 | 98.1 | 144.0 | 77.8 | 37.5 | 43.3 |
| Gross margin | 65.4% | 34.6% | 22.9% | 32.5% | 44.6% | 39.7% | 20.6% | 23.7% |
| Selling, general and administrative | 39.9 | 39.5 | 32.5 | 27.1 | 16.0 | 15.1 | 12.6 | 10.3 |
| Research and development | 6.5 | 6.9 | 5.7 | 2.7 | 0.7 | 3.9 | 0.9 | 1.5 |
| EBIT | 1,051.4 | 187.9 | 47.5 | 81.2 | 130.8 | 61.1 | 24.6 | 32.0 |
| EBIT margin | 62.6% | 27.8% | 13.6% | 26.9% | 40.5% | 31.2% | 13.5% | 17.5% |
| Pre-tax income | 1,034.9 | 162.1 | 37.9 | 73.5 | 115.0 | 48.6 | 14.2 | 16.6 |
| Income taxes | 170.1 | 28.2 | 9.6 | 11.7 | 17.3 | 7.4 | 1.1 | 0.0 |
| Tax rate | 16.4% | 17.4% | 25.4% | 15.9% | 15.1% | 15.1% | 8.0% | 0.0% |
| Earnings from continuing ops | 748.9 | 263.3 | 28.3 | 123.0 | 194.3 | 40.8 | 13.0 | 16.6 |
| Earnings from discontinued ops | | -0.1 | 1.3 | -23.0 | -3.8 | 2.7 | | |
| Net income | 748.9 | 263.1 | 29.5 | 99.9 | 190.5 | 43.5 | 13.0 | 16.6 |
| Net margin | 44.6% | 38.9% | 8.4% | 33.1% | 58.9% | 22.2% | 7.1% | 9.1% |
| |
| Diluted EPS | $1.95 | $0.70 | $0.08 | $0.38 | $0.71 | $0.15 | $0.05 | $0.08 |
| Shares outstanding (diluted) | 383.8 | 375.0 | 350.0 | 325.5 | 272.9 | 264.8 | 261.4 | 211.4 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|