Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 841.5 | 1,105.0 | 875.8 | 984.9 | 1,109.4 | 957.4 | 928.5 | 230.5 |
Revenue growth | -23.8% | | -11.1% | -11.2% | 15.9% | 3.1% | 302.8% | 90.4% |
Cost of goods sold | 709.6 | 676.6 | 611.2 | 171.7 | 221.2 | 196.6 | 475.3 | 0.0 |
Gross profit | 131.9 | 428.4 | 264.6 | 813.1 | 888.2 | 760.8 | 453.1 | 230.5 |
Gross margin | 15.7% | 38.8% | 30.2% | 82.6% | 80.1% | 79.5% | 48.8% | 100.0% |
Selling, general and administrative | 29.8 | 39.6 | 25.3 | 31.4 | 33.7 | 32.3 | 41.5 | 38.9 |
EBIT | -54.3 | 195.2 | 97.3 | 95.1 | 294.2 | 204.4 | 208.3 | 120.4 |
EBIT margin | -6.5% | 17.7% | 11.1% | 9.7% | 26.5% | 21.4% | 22.4% | 52.2% |
Pre-tax income | 0.0 | 0.0 | 0.0 | -38.7 | 141.5 | 10.8 | 125.7 | 82.2 |
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% |
Net income | -320.4 | -61.6 | -178.8 | -39.5 | 137.6 | 8.5 | 125.8 | 82.2 |
Net margin | -38.1% | -5.6% | -20.4% | -4.0% | 12.4% | 0.9% | 13.6% | 35.7% |
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Diluted EPS | ($2.20) | ($0.43) | ($1.37) | ($0.30) | $1.06 | | | |
Shares outstanding (diluted) | 145.9 | 145.0 | 130.8 | 130.0 | 129.5 | | | |
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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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