Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Aug-31-15 | Aug-31-14 | Aug-31-13 | Aug-31-12 |
Revenues | 714.6 | 402.0 | 112.9 | 106.1 | 124.8 | 104.2 | 46.2 | 25.0 |
Revenue growth | 77.8% | 256.1% | 6.4% | | 19.8% | 125.5% | 85.1% | 333.9% |
Cost of goods sold | 69.0 | 39.5 | 5.7 | 16.1 | 15.0 | 8.0 | 3.4 | 9.7 |
Gross profit | 645.6 | 362.5 | 107.1 | 90.0 | 109.8 | 96.2 | 42.8 | 15.3 |
Gross margin | 90.3% | 90.2% | 94.9% | 84.8% | 88.0% | 92.3% | 92.6% | 61.3% |
General and administrative | 38.6 | 33.0 | 30.5 | 31.2 | 19.0 | 10.1 | 5.7 | 3.6 |
EBIT | 315.0 | 157.6 | 3.6 | -156.7 | -2.4 | 43.5 | 19.5 | 11.8 |
EBIT margin | 44.1% | 39.2% | 3.2% | -147.8% | -1.9% | 41.7% | 42.3% | 47.1% |
Pre-tax income | 298.0 | 142.4 | -219.1 | 0.0 | 29.7 | 43.9 | 16.5 | 11.8 |
Income taxes | 38.0 | -0.1 | 0.1 | -14.1 | 11.7 | 15.0 | 6.9 | -0.3 |
Tax rate | 12.7% | | | | 39.3% | 34.2% | 41.8% | |
Net income | 260.0 | 142.5 | -219.2 | 0.0 | 18.0 | 28.9 | 9.6 | 12.1 |
Net margin | 36.4% | 35.4% | -194.2% | 0.0% | 14.5% | 27.7% | 20.7% | 48.6% |
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Diluted EPS | $1.07 | $0.69 | ($1.26) | $0.00 | $0.19 | $0.37 | $0.16 | $0.25 |
Shares outstanding (diluted) | 243.0 | 206.7 | 173.8 | 103.9 | 95.3 | 77.8 | 59.1 | 48.4 |
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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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