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-31-14 | Dec-31-13 |
Revenues | 512 | 431 | 321 | 340 | 319 | | |
Revenue growth | 18.8% | 34.2% | -5.6% | 6.6% | | | |
Cost of goods sold | 202 | 140 | 95 | 97 | 84 | | |
Gross profit | 310 | 291 | 226 | 243 | 235 | | |
Gross margin | 60.6% | 67.4% | 70.4% | 71.4% | 73.6% | | |
Selling, general and administrative | 333 | 254 | 193 | 198 | 192 | | |
Research and development | 26 | 19 | 11 | 11 | 8 | | |
EBITA | 18 | 51 | 49 | 58 | 27 | | |
EBITA margin | 3.6% | 11.8% | 15.4% | 17.1% | 8.3% | | |
Amortization of intangibles | 67 | 35 | 28 | 26 | | | |
EBIT | -49 | 15 | 22 | 32 | 27 | | |
EBIT margin | -9.5% | 3.6% | 6.8% | 9.3% | 8.3% | | |
Pre-tax income | -264 | 8 | 16 | 10 | 6 | | |
Income taxes | -51 | -2 | 1 | 2 | 2 | | |
Tax rate | 19.1% | | 7.5% | 16.3% | 27.2% | | |
Earnings from continuing ops | -159 | 19 | 16 | 13 | 4 | | |
Earnings from discontinued ops | | | | 2 | 17 | | |
Net income | -159 | 19 | 16 | 15 | -12 | | |
Net margin | -31.0% | 4.5% | 5.1% | 4.4% | -3.8% | | |
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Diluted EPS | ($2.59) | $0.43 | $14,722.00 | $1.27 | $1.14 | | |
Shares outstanding (diluted) | 61 | 45 | 0 | 10 | 4 | | |
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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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