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 | 1,434.8 | 1,512.0 | 1,615.5 | 2,169.5 | 1,858.0 | 745.4 | 271.1 | 76.4 |
Revenue growth | -5.1% | -6.4% | -25.5% | 16.8% | 149.3% | 175.0% | 255.0% | |
Cost of goods sold | 1,007.1 | 908.4 | 924.6 | 1,323.6 | 956.9 | 387.8 | 210.8 | 49.7 |
Gross profit | 427.7 | 603.6 | 690.9 | 845.9 | 901.1 | 357.7 | 60.3 | 26.6 |
Gross margin | 29.8% | 39.9% | 42.8% | 39.0% | 48.5% | 48.0% | 22.2% | 34.9% |
Sales and marketing | 329.8 | 344.1 | 415.0 | 491.3 | 332.7 | 112.0 | 26.8 | 10.2 |
Research and development | 300.4 | 332.2 | 343.0 | 320.2 | 150.0 | 54.2 | 27.9 | 16.2 |
General and administrative | 118.2 | 116.6 | 133.9 | 146.9 | 77.8 | 33.6 | 14.5 | 4.0 |
EBITA | -312.0 | -181.4 | -195.4 | -110.4 | 349.9 | 157.9 | -9.0 | -3.8 |
EBITA margin | -21.7% | -12.0% | -12.1% | -5.1% | 18.8% | 21.2% | -3.3% | -4.9% |
Amortization of intangibles | 8.7 | 7.9 | 5.7 | 2.1 | 1.7 | | | |
EBIT | -320.7 | -189.3 | -201.1 | -112.5 | 348.2 | 157.9 | -9.0 | -3.8 |
EBIT margin | -22.4% | -12.5% | -12.4% | -5.2% | 18.7% | 21.2% | -3.3% | -4.9% |
Pre-tax income | -309.1 | -184.1 | -194.6 | -109.3 | 287.9 | 139.8 | -13.7 | -3.9 |
Income taxes | 11.6 | 1.7 | 82.5 | -6.5 | 112.3 | 8.0 | 37.9 | 0.3 |
Tax rate | | | | 6.0% | 39.0% | 5.7% | | |
Net income | -320.7 | -185.8 | -277.2 | -102.8 | 122.8 | 28.3 | -51.6 | -4.2 |
Net margin | -22.4% | -12.3% | -17.2% | -4.7% | 6.6% | 3.8% | -19.0% | -5.5% |
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Diluted EPS | ($1.25) | ($0.76) | ($1.19) | ($0.47) | $0.75 | $0.46 | ($1.32) | ($0.11) |
Shares outstanding (diluted) | 257.5 | 244.6 | 232.0 | 220.4 | 164.2 | 61.2 | 39.2 | 36.8 |
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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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