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 |
| Revenues | 8,399.0 | 5,991.8 | 3,378.2 | 4,805.2 | 3,652.0 | 2,561.7 |
| Revenue growth | 40.2% | 77.4% | -29.7% | 31.6% | 42.6% | |
| Cost of goods sold | 2,540.0 | 1,155.8 | 876.0 | 1,196.3 | 864.0 | 647.7 |
| Gross profit | 5,859.0 | 4,835.9 | 2,502.2 | 3,608.9 | 2,788.0 | 1,914.0 |
| Gross margin | 69.8% | 80.7% | 74.1% | 75.1% | 76.3% | 74.7% |
| Sales and marketing | 1,516.0 | 1,186.3 | 1,175.3 | 1,621.5 | 1,101.3 | 871.7 |
| Research and development | 1,502.0 | 1,425.0 | 2,752.9 | 976.7 | 579.2 | 400.7 |
| General and administrative | 950.0 | 835.3 | 1,134.9 | 697.2 | 479.5 | 327.2 |
| EBITA | 1,891.0 | 565.8 | -3,402.6 | -455.4 | 18.7 | -81.4 |
| EBITA margin | 22.5% | 9.4% | -100.7% | -9.5% | 0.5% | -3.2% |
| Amortization of intangibles | | 23.6 | 36.2 | 46.1 | | |
| EBIT | 1,891.0 | 542.2 | -3,438.8 | -501.5 | 18.7 | -81.4 |
| EBIT margin | 22.5% | 9.0% | -101.8% | -10.4% | 0.5% | -3.2% |
| Pre-tax income | 1,989.0 | -300.2 | -4,681.9 | -411.7 | 47.0 | -59.1 |
| Income taxes | 96.0 | 51.8 | -97.2 | 262.6 | 63.9 | 10.9 |
| Tax rate | 4.8% | | 2.1% | | 135.8% | |
| Net income | 0.0 | -352.0 | -4,584.7 | -674.3 | -16.9 | -70.0 |
| Net margin | 0.0% | -5.9% | -135.7% | -14.0% | -0.5% | -2.7% |
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| Diluted EPS | | ($0.57) | ($16.12) | ($2.59) | | |
| Shares outstanding (diluted) | | 615.9 | 284.4 | 260.6 | | |
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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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