Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 8,147.4 | 3,339.8 | 2,742.8 | 1,333.6 | 1,333.6 | 1,076.8 | 846.6 | 644.7 |
Revenue growth | 143.9% | 21.8% | 105.7% | 23.8% | | 27.2% | 31.3% | 97.8% |
Cost of goods sold | 6,394.2 | 1,866.4 | 1,544.1 | 153.6 | 153.6 | 85.2 | 69.3 | 60.1 |
Gross profit | 1,753.2 | 1,473.4 | 1,198.7 | 1,180.0 | 1,180.0 | 991.6 | 777.3 | 584.6 |
Gross margin | 21.5% | 44.1% | 43.7% | 88.5% | 88.5% | 92.1% | 91.8% | 90.7% |
Sales and marketing | 1,076.2 | 691.1 | 728.6 | 552.6 | 552.6 | 448.2 | 382.4 | 308.1 |
Research and development | 474.4 | 390.2 | 350.9 | 410.8 | 467.5 | 320.0 | 255.6 | 184.5 |
General and administrative | 448.8 | 356.7 | 366.0 | 262.2 | 262.2 | 210.8 | 332.0 | 185.0 |
EBITA | -327.0 | -41.4 | -246.8 | -127.0 | -126.6 | -161.9 | -104.4 | -34.2 |
EBITA margin | -4.0% | -1.2% | -9.0% | -9.5% | -9.5% | -15.0% | -12.3% | -5.3% |
Amortization of intangibles | | | | | | | 87.1 | 63.2 |
EBIT | -327.0 | -41.4 | -246.8 | -127.0 | -126.6 | -161.9 | -191.4 | -97.4 |
EBIT margin | -4.0% | -1.2% | -9.0% | -9.5% | -9.5% | -15.0% | -22.6% | -15.1% |
Pre-tax income | -526.5 | -169.6 | -309.6 | -151.0 | -151.0 | -184.0 | -220.3 | -153.5 |
Income taxes | 1.3 | -7.5 | -4.3 | -31.1 | -31.1 | -89.6 | 0.1 | -4.6 |
Tax rate | | 4.4% | 1.4% | 20.6% | 20.6% | 48.7% | | 3.0% |
Net income | -527.8 | -162.1 | -305.4 | -119.9 | -119.9 | -94.4 | -220.4 | -148.9 |
Net margin | -6.5% | -4.9% | -11.1% | -9.0% | -9.0% | -8.8% | -26.0% | -23.1% |
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Diluted EPS | ($2.11) | ($0.72) | ($1.48) | ($0.61) | ($0.61) | ($0.51) | ($1.22) | ($0.88) |
Shares outstanding (diluted) | 249.9 | 223.8 | 206.4 | 197.9 | 197.9 | 186.5 | 180.1 | 169.8 |
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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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