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 | 468.1 | 462.0 | 428.4 | 222.7 | 188.3 | 122.8 | 108.6 | 96.0 |
Revenue growth | 1.3% | 7.9% | 92.4% | 18.2% | 53.4% | 13.0% | 13.2% | |
Cost of goods sold | 99.7 | 95.8 | 79.4 | 40.8 | 36.4 | 23.8 | 22.9 | 21.5 |
Gross profit | 368.4 | 366.2 | 349.0 | 181.9 | 151.9 | 99.0 | 85.7 | 74.5 |
Gross margin | 78.7% | 79.3% | 81.5% | 81.7% | 80.7% | 80.6% | 78.9% | 77.6% |
General and administrative | 54.8 | 28.6 | 25.9 | 14.9 | 12.4 | 8.2 | 5.5 | 5.4 |
EBITA | 214.0 | 256.6 | 246.3 | 138.9 | 119.5 | 80.6 | 72.1 | 62.9 |
EBITA margin | 45.7% | 55.5% | 57.5% | 62.4% | 63.5% | 65.6% | 66.4% | 65.5% |
Amortization of intangibles | 54.1 | 52.7 | 46.1 | 12.9 | 10.8 | 4.4 | 3.1 | 1.9 |
EBIT | 160.0 | 203.9 | 200.2 | 126.0 | 108.8 | 76.2 | 68.9 | 61.0 |
EBIT margin | 34.2% | 44.1% | 46.7% | 56.6% | 57.8% | 62.1% | 63.5% | 63.5% |
Pre-tax income | 66.8 | 116.7 | 75.4 | 105.9 | 92.7 | 65.9 | 68.9 | 60.6 |
Income taxes | 0.5 | 0.4 | 0.5 | -0.2 | 0.1 | 0.3 | 0.0 | 0.0 |
Tax rate | 0.7% | 0.4% | 0.7% | | 0.1% | 0.4% | 0.0% | 0.0% |
Net income | 66.9 | 116.4 | 74.9 | 105.9 | 93.1 | 65.9 | 68.9 | 60.6 |
Net margin | 14.3% | 25.2% | 17.5% | 47.6% | 49.4% | 53.6% | 63.5% | 63.1% |
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Diluted EPS | $0.75 | $1.30 | $0.86 | $1.89 | $2.09 | $2.43 | | |
Shares outstanding (diluted) | 89.4 | 89.3 | 86.7 | 56.0 | 44.6 | 27.1 | | |
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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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