Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 21,581.9 | 14,780.1 | 9,940.1 | 4,975.5 | 1,948.4 | 1,438.6 | 862.9 | 93.2 |
Revenue growth | 46.0% | 48.7% | 99.8% | 155.4% | 35.4% | 66.7% | 826.2% | 15.1% |
Cost of goods sold | 20,221.8 | 13,654.4 | 9,206.7 | 4,666.0 | 1,734.3 | 1,252.0 | 747.5 | 39.6 |
Gross profit | 1,360.1 | 1,125.6 | 733.4 | 309.5 | 214.1 | 186.6 | 115.5 | 53.6 |
Gross margin | 6.3% | 7.6% | 7.4% | 6.2% | 11.0% | 13.0% | 13.4% | 57.5% |
Selling, general and administrative | 518.4 | 440.8 | 369.5 | 145.8 | 101.7 | 85.8 | 68.8 | 26.7 |
Research and development | | | | | | 12.0 | | |
EBITA | 782.2 | 647.0 | 347.1 | 157.0 | 106.4 | 83.0 | 31.8 | 14.2 |
EBITA margin | 3.6% | 4.4% | 3.5% | 3.2% | 5.5% | 5.8% | 3.7% | 15.3% |
Amortization of intangibles | 213.2 | 203.2 | 130.1 | 16.4 | 7.9 | 9.7 | 9.4 | 1.6 |
EBIT | 569.0 | 443.8 | 217.0 | 140.6 | 98.5 | 73.3 | 22.4 | 12.6 |
EBIT margin | 2.6% | 3.0% | 2.2% | 2.8% | 5.1% | 5.1% | 2.6% | 13.6% |
Pre-tax income | 507.9 | 402.1 | 190.3 | 138.3 | 97.6 | 68.1 | 20.3 | 17.4 |
Income taxes | 134.2 | 103.4 | 69.3 | 46.5 | 98.5 | 66.1 | 5.2 | 4.3 |
Tax rate | 26.4% | 25.7% | 36.4% | 33.6% | 100.9% | 97.0% | 25.6% | 24.6% |
Net income | 317.3 | 262.2 | 116.7 | 91.8 | 64.7 | 46.1 | 15.1 | 13.1 |
Net margin | 1.5% | 1.8% | 1.2% | 1.8% | 3.3% | 3.2% | 1.8% | 14.1% |
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Diluted EPS | $1.53 | $1.27 | $0.70 | $0.73 | $0.51 | $0.86 | $0.32 | $0.61 |
Shares outstanding (diluted) | 207.8 | 206.7 | 167.8 | 125.9 | 126.3 | 53.6 | 47.2 | 21.6 |
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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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