Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 490.5 | 300.2 | 300.2 | 154.6 | 67.6 | 79.4 | 55.2 | 44.1 |
Revenue growth | 63.4% | 94.1% | | 128.9% | -14.9% | 43.9% | 25.1% | 35.4% |
Cost of goods sold | 35.0 | 18.4 | 39.4 | 3.8 | 1.4 | 0.0 | 0.0 | 0.0 |
Gross profit | 455.5 | 281.8 | 260.8 | 150.9 | 66.1 | 79.4 | 55.2 | 44.1 |
Gross margin | 92.9% | 93.9% | 86.9% | 97.6% | 97.9% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | | | | | | 4.1 | | 2.8 |
General and administrative | 26.2 | 7.2 | 7.2 | 5.0 | 1.7 | 2.9 | 2.8 | 0.6 |
EBIT | 399.6 | 260.8 | 260.8 | 144.9 | 62.9 | 75.3 | 51.4 | 40.1 |
EBIT margin | 81.5% | 86.9% | 86.9% | 93.7% | 93.1% | 94.8% | 93.1% | 91.0% |
Pre-tax income | 402.3 | 261.8 | 261.8 | 145.1 | 62.9 | 75.3 | 51.4 | 40.1 |
Income taxes | 83.5 | 52.0 | 52.0 | 47.8 | 20.6 | 25.2 | 16.7 | 12.9 |
Tax rate | 20.8% | 19.9% | 19.9% | 33.0% | 32.8% | 33.5% | 32.4% | 32.2% |
Net income | 318.7 | 209.7 | 209.7 | 97.2 | 42.3 | 50.0 | 34.8 | 27.2 |
Net margin | 65.0% | 69.9% | 69.9% | 62.9% | 62.6% | 63.0% | 63.0% | 61.7% |
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Diluted EPS | $41.09 | $26.93 | | $12.38 | $5.29 | $6.10 | $4.14 | $3.16 |
Shares outstanding (diluted) | 7.8 | 7.8 | | 7.9 | 8.0 | 8.2 | 8.4 | 8.6 |
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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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