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 | 3,058.0 | 1,663.0 | 862.1 | 983.7 | 899.6 | 544.3 | 264.4 | 318.0 |
Revenue growth | 83.9% | 92.9% | -12.4% | 9.3% | 65.3% | 105.8% | -16.9% | -26.4% |
Cost of goods sold | 95.5 | 61.5 | 41.5 | 318.6 | 202.1 | 139.9 | 5.4 | 54.7 |
Gross profit | 2,962.5 | 1,601.5 | 820.6 | 665.1 | 697.5 | 404.4 | 259.0 | 263.3 |
Gross margin | 96.9% | 96.3% | 95.2% | 67.6% | 77.5% | 74.3% | 98.0% | 82.8% |
General and administrative | 116.2 | 96.4 | 62.6 | 80.1 | 69.3 | 66.0 | 55.1 | 50.1 |
EBIT | 1,758.0 | 792.7 | 160.4 | 234.5 | 363.1 | 160.9 | 88.7 | -4.6 |
EBIT margin | 57.5% | 47.7% | 18.6% | 23.8% | 40.4% | 29.6% | 33.6% | -1.4% |
Pre-tax income | 1,685.7 | 715.3 | -599.2 | 158.5 | 292.1 | 129.9 | -98.1 | -826.9 |
Income taxes | 399.4 | 74.7 | -45.6 | 35.5 | -7.7 | -8.2 | -1.0 | -147.4 |
Tax rate | 23.7% | 10.4% | 7.6% | 22.4% | | | 1.1% | 17.8% |
Net income | 1,214.2 | 585.0 | -593.2 | 87.8 | 274.2 | 125.9 | -97.4 | -679.5 |
Net margin | 39.7% | 35.2% | -68.8% | 8.9% | 30.5% | 23.1% | -36.8% | -213.7% |
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Diluted EPS | $10.11 | $4.91 | ($5.11) | $0.75 | $2.41 | $1.23 | ($1.07) | ($8.33) |
Shares outstanding (diluted) | 120.1 | 119.2 | 116.1 | 117.1 | 113.7 | 102.5 | 91.3 | 81.5 |
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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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