Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 2,000.0 | 3,249.0 | 1,669.0 | 1,112.0 | 600.0 | 313.0 | 164.0 | 87.3 |
Revenue growth | -38.4% | 94.7% | 50.1% | 85.3% | 91.7% | 90.9% | 87.8% | 811.7% |
Cost of goods sold | 885.0 | 691.0 | 560.0 | 428.0 | 324.0 | 184.0 | 87.0 | 54.3 |
Gross profit | 1,115.0 | 2,558.0 | 1,109.0 | 684.0 | 276.0 | 129.0 | 77.0 | 33.0 |
Gross margin | 55.8% | 78.7% | 66.4% | 61.5% | 46.0% | 41.2% | 47.0% | 37.8% |
Selling, general and administrative | | | | | | | | |
General and administrative | 160.0 | 212.0 | 133.0 | 130.0 | 74.0 | 32.0 | 16.0 | 8.8 |
EBITA | 881.0 | 646.0 | 494.0 | 430.0 | 161.0 | 63.0 | 58.0 | 20.1 |
EBITA margin | 44.1% | 19.9% | 29.6% | 38.7% | 26.8% | 20.1% | 35.4% | 23.1% |
Amortization of intangibles | 50.0 | 46.0 | 29.0 | 29.0 | | | | |
EBIT | 831.0 | 600.0 | 465.0 | 401.0 | 161.0 | 63.0 | 58.0 | 20.1 |
EBIT margin | 41.6% | 18.5% | 27.9% | 36.1% | 26.8% | 20.1% | 35.4% | 23.1% |
Pre-tax income | 600.0 | 306.0 | 277.0 | 250.0 | 56.0 | 24.0 | 48.0 | 18.5 |
Income taxes | -28.0 | -43.0 | -62.0 | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | | | | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | 584.0 | 267.0 | 187.0 | 199.0 | 56.0 | 68.0 | 54.0 | 33.9 |
Net margin | 29.2% | 8.2% | 11.2% | 17.9% | 9.3% | 21.7% | 32.9% | 38.8% |
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Diluted EPS | $2.55 | $2.12 | $1.90 | $2.35 | $1.03 | $2.15 | $3.23 | $2.22 |
Shares outstanding (diluted) | 228.9 | 126.1 | 98.2 | 84.8 | 54.2 | 31.6 | 16.7 | 15.3 |
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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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