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 | 785.7 | 473.1 | 1,566.2 | 1,761.2 | 1,356.3 | 1,160.0 | 1,136.3 | 1,109.2 |
Revenue growth | 66.1% | -69.8% | -11.1% | 29.9% | 16.9% | 2.1% | 2.4% | 14.3% |
Cost of goods sold | 511.5 | 391.6 | 957.2 | 0.0 | 0.0 | 0.0 | 613.5 | 603.1 |
Gross profit | 274.1 | 81.5 | 609.0 | 1,761.2 | 1,356.3 | 1,160.0 | 522.9 | 506.1 |
Gross margin | 34.9% | 17.2% | 38.9% | 100.0% | 100.0% | 100.0% | 46.0% | 45.6% |
General and administrative | 47.5 | 41.1 | 45.3 | 49.2 | 40.5 | 31.5 | 37.8 | 41.7 |
EBITA | -51.1 | -263.0 | 221.5 | 301.7 | 243.0 | 266.7 | 236.7 | 205.8 |
EBITA margin | -6.5% | -55.6% | 14.1% | 17.1% | 17.9% | 23.0% | 20.8% | 18.6% |
Amortization of intangibles | | | | | 5.7 | 0.2 | 0.3 | |
EBIT | -51.1 | -263.0 | 221.5 | 301.7 | 237.3 | 266.5 | 236.4 | 205.8 |
EBIT margin | -6.5% | -55.6% | 14.1% | 17.1% | 17.5% | 23.0% | 20.8% | 18.6% |
Pre-tax income | -309.9 | -356.8 | 125.6 | 199.7 | 117.9 | 209.5 | 152.3 | 137.3 |
Income taxes | 1.2 | 52.0 | -3.8 | 8.8 | 42.1 | 8.2 | -39.1 | 1.1 |
Tax rate | | | | 4.4% | 35.7% | 3.9% | | 0.8% |
Net income | -330.3 | -429.6 | 102.7 | 163.5 | 66.5 | 200.4 | 218.2 | 135.4 |
Net margin | -42.0% | -90.8% | 6.6% | 9.3% | 4.9% | 17.3% | 19.2% | 12.2% |
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Diluted EPS | ($2.01) | ($2.61) | $0.20 | $0.31 | $0.16 | $1.62 | $1.69 | $1.06 |
Shares outstanding (diluted) | 164.0 | 164.5 | 514.1 | 522.9 | 422.0 | 123.9 | 129.0 | 128.3 |
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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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