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 | 993.3 | 689.5 | 461.6 | 447.2 | 458.7 | 451.7 | 498.3 | 567.9 |
Revenue growth | 44.1% | 49.4% | 3.2% | -2.5% | 1.5% | -9.4% | -12.3% | 2.9% |
Cost of goods sold | 260.1 | 287.3 | 237.8 | 219.3 | 126.0 | 126.3 | 144.7 | 128.9 |
Gross profit | 733.3 | 402.2 | 223.8 | 227.9 | 332.7 | 325.4 | 353.7 | 439.1 |
Gross margin | 73.8% | 58.3% | 48.5% | 51.0% | 72.5% | 72.0% | 71.0% | 77.3% |
General and administrative | 36.6 | 44.0 | 24.3 | 26.8 | 26.3 | 22.7 | 22.1 | 21.8 |
EBIT | 695.4 | 426.3 | 205.8 | 202.7 | 200.0 | 188.5 | 186.3 | 283.5 |
EBIT margin | 70.0% | 61.8% | 44.6% | 45.3% | 43.6% | 41.7% | 37.4% | 49.9% |
Pre-tax income | 577.5 | 1,058.7 | 153.6 | 131.3 | -32.9 | 83.9 | -366.2 | 117.0 |
Income taxes | 18.3 | 5.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 3.2% | 0.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | 559.2 | 1,052.8 | 153.6 | 131.3 | -32.9 | 83.9 | -366.2 | 117.0 |
Net margin | 56.3% | 152.7% | 33.3% | 29.3% | -7.2% | 18.6% | -73.5% | 20.6% |
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Diluted EPS | $27.28 | $51.15 | $6.45 | $8.09 | ($3.10) | $10.70 | ($3.34) | $1.07 |
Shares outstanding (diluted) | 20.5 | 20.6 | 23.8 | 16.2 | 10.6 | 7.8 | 109.8 | 109.8 |
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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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