In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 545.2 | 517.3 | 237.3 | 107.9 | 56.7 | 11.9 | 145.8 | 83.5 |
Revenue growth | 5.4% | 118.0% | 119.8% | 90.4% | 374.6% | -91.8% | 74.5% | 48.3% |
Cost of goods sold | 10.9 | 20.1 | 19.4 | 38.6 | 22.3 | 1.8 | 36.8 | 19.6 |
Gross profit | 534.3 | 497.1 | 217.8 | 69.3 | 34.4 | 10.1 | 109.0 | 64.0 |
Gross margin | 98.0% | 96.1% | 91.8% | 64.2% | 60.7% | 84.7% | 74.7% | 76.6% |
Selling, general and administrative | | | | | | 5.4 | | |
General and administrative | 36.9 | 33.2 | 19.8 | 18.4 | 18.2 | | 5.1 | 5.5 |
EBITA | 191.2 | 187.0 | 75.8 | 89.1 | 4.1 | 1.3 | 20.5 | -5.0 |
EBITA margin | 35.1% | 36.1% | 32.0% | 82.5% | 7.1% | 11.3% | 14.0% | -6.0% |
Amortization of intangibles | 100.2 | 112.1 | 37.6 | 12.3 | 1.3 | | | 17.5 |
EBIT | 91.0 | 74.9 | 38.3 | 76.8 | 2.8 | 1.3 | 20.5 | -22.5 |
EBIT margin | 16.7% | 14.5% | 16.1% | 71.2% | 4.9% | 11.3% | 14.0% | -26.9% |
Pre-tax income | 38.7 | 21.9 | -48.3 | 56.0 | -1.8 | 0.9 | -23.9 | -18.7 |
Income taxes | -0.6 | 3.2 | 2.2 | 0.8 | 6.4 | -1.7 | -0.5 | -0.3 |
Tax rate | | 14.4% | | 1.4% | | | 1.9% | 1.6% |
Earnings from continuing ops | 79.1 | 21.7 | -55.0 | 45.2 | -15.3 | 2.6 | -41.6 | -10.1 |
Earnings from discontinued ops | -0.1 | 5.4 | 0.9 | -0.5 | 393.0 | | 1.5 | -0.5 |
Net income | 79.0 | 27.1 | -54.2 | 44.6 | 377.7 | 2.6 | -40.1 | -10.6 |
Net margin | 14.5% | 5.2% | -22.8% | 41.4% | 666.0% | 21.6% | -27.5% | -12.7% |
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Diluted EPS | $0.53 | $0.15 | ($0.91) | $1.58 | ($0.31) | | ($0.22) | ($0.07) |
Shares outstanding (diluted) | 150.7 | 141.0 | 60.7 | 28.6 | 49.0 | | 192.0 | 136.5 |
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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. |