Financial Summary (All financials)
In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 772.3 | 882.9 | 728.3 |
Revenue growth | -12.5% | 21.2% | |
Cost of goods sold | 359.6 | 405.7 | 324.8 |
Gross profit | 412.7 | 477.2 | 403.5 |
Gross margin | 53.4% | 54.0% | 55.4% |
Selling, general and administrative | 88.0 | 126.6 | 106.6 |
EBIT | 220.6 | 325.2 | 274.2 |
EBIT margin | 28.6% | 36.8% | 37.6% |
Pre-tax income | 62.1 | 132.9 | -19.7 |
Income taxes | 39.9 | 39.8 | 27.9 |
Tax rate | 64.2% | 30.0% | |
Net income | 22.3 | 93.1 | -47.6 |
Net margin | 2.9% | 10.5% | -6.5% |
|
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|