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-05-18 | Dec-31-17 | Dec-05-17 |
Revenues | 13,604.0 | 12,814.0 | 5,587.0 | 3,940.0 | 1,955.5 | 1,955.5 | 858.9 | |
Revenue growth | 6.2% | 129.4% | 41.8% | 101.5% | 127.7% | | 135.2% | |
Cost of goods sold | 12,358.0 | 10,885.0 | 4,793.0 | 3,433.0 | 1,758.8 | 1,758.8 | 790.8 | |
Gross profit | 1,246.0 | 1,929.0 | 794.0 | 507.0 | 196.7 | 196.7 | 68.1 | |
Gross margin | 9.2% | 15.1% | 14.2% | 12.9% | 10.1% | 10.1% | 7.9% | |
Selling, general and administrative | 2,736.0 | 2,033.0 | 1,126.0 | 787.0 | 425.3 | 425.3 | 223.4 | |
EBITA | -1,474.0 | -102.0 | -330.0 | -278.0 | -227.4 | -229.7 | -155.3 | |
EBITA margin | -10.8% | -0.8% | -5.9% | -7.1% | -11.6% | -11.7% | -18.1% | |
Amortization of intangibles | 16.0 | 2.0 | 2.0 | 2.0 | 1.1 | | | |
EBIT | -1,490.0 | -104.0 | -332.0 | -280.0 | -228.5 | -229.7 | -155.3 | |
EBIT margin | -11.0% | -0.8% | -5.9% | -7.1% | -11.7% | -11.7% | -18.1% | |
Pre-tax income | -2,893.0 | -286.0 | -462.0 | -365.0 | -254.7 | -254.7 | -164.3 | |
Income taxes | 1.0 | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
Tax rate | | | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
Net income | -1,587.0 | -135.0 | -171.0 | -115.0 | -61.1 | -61.1 | -64.5 | |
Net margin | -11.7% | -1.1% | -3.1% | -2.9% | -3.1% | -3.1% | -7.5% | |
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Diluted EPS | ($15.74) | ($1.63) | ($2.63) | ($2.45) | ($2.03) | ($254,745.00) | ($4.23) | |
Shares outstanding (diluted) | 100.8 | 82.8 | 65.0 | 46.8 | 30.0 | 0.0 | 15.2 | |
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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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