Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 219.7 | 240.0 | 395.3 | 916.4 | 883.5 | 702.9 | 637.4 | 430.3 |
Revenue growth | -8.5% | -39.3% | -56.9% | 3.7% | 25.7% | 10.3% | 48.1% | 25.1% |
Cost of goods sold | 28.3 | 46.4 | 163.6 | 687.2 | 555.4 | 145.7 | 0.0 | 0.0 |
Gross profit | 191.5 | 193.7 | 231.7 | 229.2 | 328.2 | 557.1 | 637.4 | 430.3 |
Gross margin | 87.1% | 80.7% | 58.6% | 25.0% | 37.1% | 79.3% | 100.0% | 100.0% |
Sales and marketing | 73.7 | 59.1 | 83.6 | 229.8 | 236.6 | 147.9 | 101.9 | 80.1 |
General and administrative | 99.4 | 129.2 | 129.7 | 151.3 | 125.4 | 100.6 | 83.4 | 70.8 |
EBIT | 24.9 | 9.8 | 19.1 | -151.4 | -34.5 | 309.5 | 350.4 | 198.6 |
EBIT margin | 11.3% | 4.1% | 4.8% | -16.5% | -3.9% | 44.0% | 55.0% | 46.1% |
Pre-tax income | -33.0 | -160.4 | 19.4 | -144.7 | -21.0 | 334.8 | 368.4 | 207.7 |
Income taxes | -9.5 | -19.0 | 18.4 | 25.0 | -5.9 | 81.6 | 69.8 | 55.9 |
Tax rate | 28.9% | 11.8% | 94.7% | | 28.1% | 24.4% | 18.9% | 26.9% |
Earnings from continuing ops | -46.9 | -282.8 | 1.0 | -169.6 | -15.1 | 253.2 | 298.6 | 151.8 |
Earnings from discontinued ops | 13.2 | 26.5 | 20.7 | | | | | |
Net income | -33.7 | -256.3 | 21.7 | -169.6 | -15.1 | 253.2 | 298.6 | 151.8 |
Net margin | -15.3% | -106.8% | 5.5% | -18.5% | -1.7% | 36.0% | 46.8% | 35.3% |
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Diluted EPS | ($0.52) | ($3.19) | $0.01 | ($1.81) | ($0.18) | $2.75 | $3.53 | $1.85 |
Shares outstanding (diluted) | 89.5 | 88.7 | 91.6 | 93.6 | 85.2 | 92.2 | 84.6 | 81.9 |
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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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