Financial Summary (All financials)
In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 |
Revenues | 149.0 | 133.3 | 104.8 | 87.8 | 72.7 | 69.1 | 62.5 | 58.2 |
Revenue growth | 11.8% | 27.2% | 19.3% | 20.8% | 5.2% | 10.6% | 7.4% | 39.5% |
Cost of goods sold | 23.6 | 23.4 | 0.0 | 14.5 | 12.2 | 34.1 | 25.4 | 0.0 |
Gross profit | 125.5 | 109.9 | 104.8 | 73.3 | 60.5 | 35.1 | 37.1 | 58.2 |
Gross margin | 84.2% | 82.5% | 100.0% | 83.4% | 83.2% | 50.7% | 59.3% | 100.0% |
Selling, general and administrative | | | 20.7 | | | 7.3 | 5.6 | 4.5 |
General and administrative | 14.5 | 13.8 | | 9.5 | 8.8 | | | |
EBIT | 48.2 | 52.4 | 103.3 | 35.1 | 31.1 | 31.6 | 41.0 | 38.4 |
EBIT margin | 32.4% | 39.4% | 98.5% | 40.0% | 42.8% | 45.7% | 65.6% | 65.9% |
Pre-tax income | 49.1 | 52.2 | 0.0 | 35.5 | 31.5 | 30.5 | 39.5 | 40.1 |
Income taxes | 30.6 | 13.1 | 10.1 | 9.7 | 8.0 | 6.7 | 8.1 | 0.0 |
Tax rate | 62.3% | 25.0% | | 27.3% | 25.4% | 21.9% | 20.6% | 0.0% |
Net income | 18.5 | 39.1 | 31.8 | 25.8 | 23.5 | 23.8 | 31.4 | 40.1 |
Net margin | 12.4% | 29.3% | 30.3% | 29.4% | 32.3% | 34.5% | 50.2% | 68.8% |
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Diluted EPS | $0.63 | $1.33 | $1.08 | $0.88 | $0.80 | $0.81 | $1.06 | $1.36 |
Shares outstanding (diluted) | 29.4 | 29.4 | 29.4 | 29.3 | 29.4 | 29.4 | 29.6 | 29.5 |
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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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