Financial Summary (All financials)
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 |
Revenues | 526.3 | 542.3 | 537.4 | 526.1 | 584.1 | 541.5 | 480.5 | 327.4 |
Revenue growth | -3.0% | 0.9% | 2.1% | -9.9% | 7.9% | 12.7% | 46.7% | 125.9% |
Cost of goods sold | 100.6 | 104.4 | 95.6 | 105.1 | 88.0 | 99.1 | 65.3 | 44.3 |
Gross profit | 425.6 | 437.9 | 441.8 | 421.0 | 496.1 | 442.4 | 415.2 | 283.1 |
Gross margin | 80.9% | 80.7% | 82.2% | 80.0% | 84.9% | 81.7% | 86.4% | 86.5% |
Selling, general and administrative | 154.4 | 138.4 | 147.5 | 139.5 | 160.7 | 142.2 | 132.9 | 114.6 |
Research and development | 100.6 | 107.1 | 111.3 | 118.0 | 122.0 | 95.7 | 92.0 | 65.9 |
EBITA | 153.2 | 174.9 | 166.1 | 143.5 | 194.6 | 185.7 | 171.9 | 88.9 |
EBITA margin | 29.1% | 32.2% | 30.9% | 27.3% | 33.3% | 34.3% | 35.8% | 27.1% |
Amortization of intangibles | 77.0 | 77.9 | 74.4 | 74.3 | 77.1 | 80.4 | 81.9 | 59.1 |
EBIT | 76.2 | 97.0 | 91.7 | 69.2 | 117.5 | 105.3 | 90.0 | 29.7 |
EBIT margin | 14.5% | 17.9% | 17.1% | 13.1% | 20.1% | 19.5% | 18.7% | 9.1% |
Pre-tax income | 9.5 | 6.2 | 22.9 | -11.0 | 32.3 | 87.4 | -19.8 | -8.6 |
Income taxes | 13.8 | 19.7 | 1.5 | 9.2 | 24.3 | -139.2 | -1.4 | -23.4 |
Tax rate | 145.4% | 318.0% | 6.7% | | 75.2% | | 7.2% | 271.3% |
Net income | -4.3 | -69.7 | -172.1 | -34.3 | -41.3 | 212.9 | -53.0 | -114.1 |
Net margin | -0.8% | -12.9% | -32.0% | -6.5% | -7.1% | 39.3% | -11.0% | -34.8% |
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Diluted EPS | ($0.05) | ($0.15) | $0.22 | ($0.19) | $0.07 | $2.08 | ($0.18) | $0.17 |
Shares outstanding (diluted) | 84.1 | 91.7 | 99.1 | 104.6 | 113.1 | 109.2 | 100.9 | 85.4 |
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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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