Financial Summary (All financials)
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 | 831.3 | 877.9 | 819.0 | 717.2 | 677.1 | 660.8 | 565.6 | 407.2 |
Revenue growth | -5.3% | 7.2% | 14.2% | 5.9% | 2.5% | 16.8% | 38.9% | 42.6% |
Cost of goods sold | 115.5 | 85.9 | 40.3 | 166.1 | 0.0 | 0.0 | 135.7 | 108.1 |
Gross profit | 715.8 | 792.0 | 778.8 | 551.1 | 677.1 | 660.8 | 429.9 | 299.1 |
Gross margin | 86.1% | 90.2% | 95.1% | 76.8% | 100.0% | 100.0% | 76.0% | 73.5% |
General and administrative | 40.1 | 32.1 | 27.3 | 40.0 | 39.2 | 27.8 | 16.8 | 9.6 |
EBIT | 295.4 | 324.5 | 355.9 | 329.8 | 314.7 | 328.6 | 271.6 | 188.5 |
EBIT margin | 35.5% | 37.0% | 43.5% | 46.0% | 46.5% | 49.7% | 48.0% | 46.3% |
Pre-tax income | 175.2 | -139.0 | 199.4 | 131.2 | 299.0 | 121.3 | -83.4 | -87.7 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | 175.2 | -139.0 | 199.4 | 131.2 | 299.0 | 121.3 | -83.4 | -87.7 |
Net margin | 21.1% | -15.8% | 24.3% | 18.3% | 44.2% | 18.4% | -14.7% | -21.5% |
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Diluted EPS | $1.49 | ($1.35) | $2.01 | $1.40 | $3.40 | $1.87 | ($1.20) | ($1.29) |
Shares outstanding (diluted) | 117.6 | 102.9 | 99.3 | 93.7 | 87.8 | 64.9 | 69.2 | 68.2 |
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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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