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 | 10,821.0 | 9,570.0 | 3,628.0 | 2,528.0 | 2,056.0 | 1,480.8 | 900.5 | 719.8 |
Revenue growth | 13.1% | 163.8% | 43.5% | 23.0% | 38.8% | 64.4% | 25.1% | 98.9% |
Cost of goods sold | 411.0 | 373.0 | 140.0 | 46.0 | 39.0 | 32.2 | 30.8 | 436.8 |
Gross profit | 10,410.0 | 9,197.0 | 3,488.0 | 2,482.0 | 2,017.0 | 1,448.6 | 869.7 | 283.0 |
Gross margin | 96.2% | 96.1% | 96.1% | 98.2% | 98.1% | 97.8% | 96.6% | 39.3% |
Sales and marketing | | | | | | 83.2 | 40.9 | 31.2 |
General and administrative | 2,068.0 | 1,782.0 | 902.0 | 510.0 | 386.0 | 241.0 | 130.7 | 96.9 |
EBIT | 1,847.0 | 1,562.0 | -168.0 | 411.0 | 324.0 | 39.7 | 78.7 | 70.1 |
EBIT margin | 17.1% | 16.3% | -4.6% | 16.3% | 15.8% | 2.7% | 8.7% | 9.7% |
Pre-tax income | -565.0 | -1,269.0 | -1,606.0 | 125.0 | 135.0 | -43.4 | 37.6 | 44.6 |
Income taxes | -41.0 | -283.0 | 132.0 | 44.0 | 40.0 | -116.8 | 13.1 | 10.7 |
Tax rate | 7.3% | 22.3% | | 35.2% | 29.6% | 269.1% | 34.8% | 24.0% |
Earnings from continuing ops | -513.0 | -989.0 | -1,737.0 | 81.0 | 95.0 | 73.4 | 24.5 | 114.2 |
Earnings from discontinued ops | -386.0 | -30.0 | -20.0 | | | | | |
Net income | -899.0 | -1,019.0 | -1,757.0 | 81.0 | 95.0 | 73.4 | 24.5 | 114.2 |
Net margin | -8.3% | -10.6% | -48.4% | 3.2% | 4.6% | 5.0% | 2.7% | 15.9% |
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Diluted EPS | ($2.40) | ($4.69) | ($13.36) | $1.03 | $1.22 | $1.08 | $0.51 | $2.43 |
Shares outstanding (diluted) | 214.0 | 211.0 | 130.0 | 79.0 | 78.0 | 68.1 | 47.7 | 47.0 |
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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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