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 | 2,292 | 2,310 | 1,045 | 478 | 1,366 | 2,523 | 2,431 | 2,900 |
| Revenue growth | -0.8% | 121.1% | 118.6% | -65.0% | -45.9% | 3.8% | -16.2% | -25.3% |
| Cost of goods sold | 178 | 157 | 79 | 43 | 532 | 214 | 577 | 636 |
| Gross profit | 2,114 | 2,153 | 966 | 435 | 834 | 2,309 | 1,854 | 2,264 |
| Gross margin | 92.2% | 93.2% | 92.4% | 91.0% | 61.1% | 91.5% | 76.3% | 78.1% |
| Selling, general and administrative | | | | | | | 371 | 333 |
| General and administrative | 206 | 182 | 166 | 202 | 210 | 312 | 269 | 265 |
| EBIT | 156 | 551 | 259 | -826 | 2,605 | 526 | -1,601 | -157 |
| EBIT margin | 6.8% | 23.9% | 24.8% | -172.8% | 190.7% | 20.8% | -65.9% | -5.4% |
| Pre-tax income | 328 | 316 | -104 | -1,032 | 20 | 404 | -1,728 | -258 |
| Income taxes | 70 | 74 | -128 | -360 | 24 | 148 | -624 | -84 |
| Tax rate | 21.3% | 23.4% | 123.1% | 34.9% | 120.0% | 36.6% | 36.1% | 32.6% |
| Earnings from continuing ops | 258 | 234 | 9 | -712 | -14 | 249 | -1,098 | -186 |
| Earnings from discontinued ops | -2 | -91 | -40 | 71 | -1,722 | -85 | -87 | -37 |
| Net income | 256 | 143 | -31 | -641 | -1,736 | 164 | -1,185 | -223 |
| Net margin | 11.2% | 6.2% | -3.0% | -134.1% | -127.1% | 6.5% | -48.7% | -7.7% |
| |
| Diluted EPS | $0.61 | $0.57 | $0.02 | ($2.27) | ($0.06) | $1.21 | ($5.48) | ($0.94) |
| Shares outstanding (diluted) | 422 | 412 | 397 | 313 | 234 | 206 | 201 | 199 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|