HeartWare International, Inc. (HTWR) [Rocket]

In millions, except per share items	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
United States	161.8	151.3	105.3	27.7	28.2	15.0
International, excluding Germany	62.1	63.5	47.8	43.3	25.5	15.1
Germany	52.9	63.6	54.8	40.0	29.0	25.1
Total revenues	276.8	278.4	207.9	110.9	82.8	55.2	24.2	331.8
Revenue growth [+]	-0.6%	33.9%	87.5%	34.0%	50.0%	128.2%	-92.7%
United States	6.9%	43.7%	281.0%	-1.9%	88.0%
International, excluding Germany	-2.2%	32.8%	10.4%	69.5%	69.5%
Germany	-16.9%	16.1%	37.0%	37.8%	15.7%
Cost of goods sold	103.3	92.2	76.5	51.0	32.9	24.4	13.2	77.6
Gross profit	173.6	186.2	131.5	59.9	49.8	30.7	11.0	254.2
Gross margin	62.7%	66.9%	63.2%	54.0%	60.2%	55.7%	45.3%	76.6%
Selling, general and administrative	94.6	87.2	76.5	53.9	42.3	26.6	16.4	10,981.1
Research and development	120.8	119.8	98.8	83.5	50.1	33.1	15.1	18,643.6
Other operating expenses	-31.4	-23.3
EBITDA [+]	-1.7	10.9	-36.8	-72.6	-40.0	-27.5	-19.6	-29,369.8
EBITDA growth	-115.1%	-129.7%	-49.3%	81.2%	45.4%	40.6%	-99.9%	33.9%
EBITDA margin	-0.6%	3.9%	-17.7%	-65.4%	-48.4%	-49.9%	-81.0%	-8851.7%
Depreciation	6.7	6.7	6.5	4.8	2.5	1.4	0.9	0.7
EBITA	-8.3	4.3	-43.2	-77.4	-42.5	-28.9	-20.5	-29,370.5
EBITA margin	-3.0%	1.5%	-20.8%	-69.8%	-51.3%	-52.4%	-84.7%	-8851.9%
Amortization of intangibles	2.1	1.7	0.6	0.2	0.1	0.1	0.1	0.0
EBIT [+]	-10.4	2.5	-43.8	-77.6	-42.6	-29.0	-20.6	-29,370.5
EBIT growth	-511.6%	-105.8%	-43.5%	82.0%	46.9%	41.3%	-99.9%	33.9%
EBIT margin	-3.8%	0.9%	-21.1%	-70.0%	-51.5%	-52.6%	-85.0%	-8851.9%
Non-recurring items [+]	26.8	2.7	3.7
Asset impairment	26.8	2.7	3.7
Interest expense, net [+]	-0.8	-0.7	-0.4	-0.2	-0.5	-0.6	-0.1	17.6
Interest expense								17.6
Interest income	0.8	0.7	0.4	0.2	0.5	0.6	0.1
Other income (expense), net [+]	-35.3	-19.3	-11.7	-10.4	-13.0	-0.9	-0.5	5,624.5
Gain (loss) on debt retirement							4.6
Unrealized gain/loss on derivatives							-3.9
Gain (loss) on foreign currency transactions	-4.4	-5.0	-0.1	1.2	-2.3	-0.5	-0.3	-4,550.2
Change in value of contingent liability	-31.4	-23.3
Other	-16.6	-1.3	0.6	-0.2			0.0	188.4
Pre-tax income	-71.8	-18.8	-58.8	-87.7	-55.1	-29.4	-20.9	-23,763.6
Income taxes	1.0	0.6	0.5	0.0	0.0	0.0	0.0	0.0
Tax rate				0.0%	0.0%	0.0%	0.0%	0.0%
Net income	-72.8	-19.4	-59.3	-87.7	-55.1	-29.4	-20.9	-23,763.6
Net margin	-26.3%	-7.0%	-28.5%	-79.1%	-66.5%	-53.3%	-86.5%	-7162.1%

Basic EPS [+]	($4.21)	($1.14)	($3.69)	($6.15)	($3.94)	($2.17)	($2.15)	($3.00)
Growth	269.7%	-69.1%	-40.0%	56.1%	82.1%	0.6%	-28.2%	-16.9%
Diluted EPS [+]	($4.21)	($1.14)	($3.69)	($6.15)	($3.94)	($2.17)	($2.15)	($3.00)
Growth	269.7%	-69.1%	-40.0%	56.1%	82.1%	0.6%	-28.2%	-16.9%

Shares outstanding (basic) [+]	17.3	17.0	16.1	14.3	14.0	13.6	9.7	7,929.1
Growth	1.7%	5.8%	12.7%	2.1%	2.9%	39.7%	-99.9%	30.3%
Shares outstanding (diluted) [+]	17.3	17.0	16.1	14.3	14.0	13.6	9.7	7,929.1
Growth	1.7%	5.8%	12.7%	2.1%	2.9%	39.7%	-99.9%	30.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.