Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 3,318.0 | 2,689.0 | 1,927.0 | 1,650.0 | 1,915.0 | 6.0 | 8.5 | 10.2 |
Revenue growth | 23.4% | 39.5% | | -13.8% | 31816.7% | -29.8% | -15.9% | |
Cost of goods sold | 1,036.0 | 1,027.0 | 893.0 | 742.0 | 813.0 | 21.1 | 5.5 | 2.8 |
Gross profit | 2,282.0 | 1,662.0 | 1,034.0 | 908.0 | 1,102.0 | -15.1 | 3.1 | 7.3 |
Gross margin | 68.8% | 61.8% | 53.7% | 55.0% | 57.5% | -251.0% | 35.9% | 72.1% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | | | | | | 0.5 | 0.7 | 1.3 |
General and administrative | 626.0 | 755.0 | 821.0 | 733.0 | 831.0 | 20.9 | 6.5 | 5.7 |
EBITA | 1,668.0 | 938.0 | 213.0 | 180.0 | 279.0 | -15.1 | 3.1 | 0.3 |
EBITA margin | 50.3% | 34.9% | 11.1% | 10.9% | 14.6% | -251.0% | 35.9% | 3.3% |
Amortization of intangibles | 12.0 | 31.0 | | 5.0 | 8.0 | | | |
EBIT | 1,656.0 | 907.0 | 213.0 | 175.0 | 271.0 | -15.1 | 3.1 | 0.3 |
EBIT margin | 49.9% | 33.7% | 11.1% | 10.6% | 14.2% | -251.0% | 35.9% | 3.3% |
Pre-tax income | 1,937.0 | 402.0 | -24.0 | 44.0 | 29.0 | -61.8 | 3.1 | 0.3 |
Income taxes | 471.0 | 93.0 | -278.0 | 13.0 | 13.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 24.3% | 23.1% | 1158.3% | 29.5% | 44.8% | 0.0% | 0.0% | 0.0% |
Earnings from continuing ops | 1,430.0 | 304.0 | 256.0 | 30.0 | 19.0 | -79.6 | -6.4 | 0.3 |
Earnings from discontinued ops | -12.0 | -2.0 | 16.0 | | | | | |
Net income | 1,418.0 | 302.0 | 272.0 | 30.0 | 19.0 | -79.6 | -6.4 | 0.3 |
Net margin | 42.7% | 11.2% | 14.1% | 1.8% | 1.0% | -1326.4% | -74.7% | 3.3% |
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Diluted EPS | $16.67 | $3.22 | $2.78 | $0.30 | $0.19 | ($0.39) | ($0.03) | $0.00 |
Shares outstanding (diluted) | 85.8 | 94.5 | 92.1 | 98.8 | 100.6 | 201.7 | 200.9 | 200.3 |
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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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