Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 1,820.0 | 1,312.2 | 1,007.3 | 683.1 | 493.3 | 361.8 | 253.9 | 137.1 |
Revenue growth | 38.7% | 30.3% | 47.5% | 38.5% | 36.3% | 42.5% | 85.1% | 66.6% |
Cost of goods sold | 1,169.1 | 675.5 | 454.3 | 269.5 | 171.8 | 107.4 | 0.0 | 0.0 |
Gross profit | 650.9 | 636.7 | 552.9 | 413.6 | 321.6 | 254.4 | 253.9 | 137.1 |
Gross margin | 35.8% | 48.5% | 54.9% | 60.6% | 65.2% | 70.3% | 100.0% | 100.0% |
Sales and marketing | 402.5 | 310.3 | 214.3 | 150.7 | 110.3 | 91.2 | 66.2 | 37.3 |
Research and development | 122.9 | 115.3 | 82.3 | 56.3 | 42.5 | 32.8 | 25.2 | 15.4 |
General and administrative | 132.6 | 101.9 | 85.5 | 65.0 | 50.5 | 41.0 | 32.3 | 21.9 |
EBITA | -103.4 | 44.4 | 127.5 | 117.9 | 104.0 | 79.6 | 59.1 | 24.4 |
EBITA margin | -5.7% | 3.4% | 12.7% | 17.3% | 21.1% | 22.0% | 23.3% | 17.8% |
Amortization of intangibles | 45.6 | 50.7 | 42.5 | 28.1 | 20.9 | 18.2 | 14.1 | 9.5 |
EBIT | -149.0 | -6.3 | 85.0 | 89.8 | 83.1 | 61.4 | 45.0 | 14.9 |
EBIT margin | -8.2% | -0.5% | 8.4% | 13.1% | 16.8% | 17.0% | 17.7% | 10.9% |
Pre-tax income | -177.0 | -26.8 | 81.4 | 89.6 | 83.9 | 61.9 | 45.0 | 14.9 |
Income taxes | -21.1 | -8.2 | 3.0 | -9.3 | 34.3 | 23.9 | 20.7 | 8.1 |
Tax rate | 11.9% | 30.7% | 3.6% | | 40.9% | 38.5% | 46.1% | 54.7% |
Net income | -155.9 | -18.6 | 78.5 | 99.0 | 49.6 | 38.1 | 23.9 | 5.7 |
Net margin | -8.6% | -1.4% | 7.8% | 14.5% | 10.0% | 10.5% | 9.4% | 4.1% |
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Diluted EPS | ($1.69) | ($0.20) | $0.85 | $1.12 | $0.58 | $0.44 | $0.29 | $0.10 |
Shares outstanding (diluted) | 92.3 | 91.2 | 92.4 | 88.2 | 86.1 | 85.7 | 81.7 | 56.6 |
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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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