Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 5,492.5 | 4,485.2 | 4,410.4 | 3,366.6 | 2,215.0 | 1,515.1 | 1,126.9 | 772.0 |
Revenue growth | 22.5% | 1.7% | 31.0% | 52.0% | 46.2% | 34.4% | 46.0% | |
Cost of goods sold | 5,116.5 | 4,211.1 | 4,144.8 | 3,103.4 | 2,074.8 | 1,426.1 | 1,057.6 | 715.4 |
Gross profit | 376.0 | 274.1 | 265.6 | 263.2 | 140.1 | 89.0 | 69.3 | 56.5 |
Gross margin | 6.8% | 6.1% | 6.0% | 7.8% | 6.3% | 5.9% | 6.2% | 7.3% |
Selling, general and administrative | 335.7 | 255.6 | 213.7 | 217.3 | 127.6 | 77.9 | 64.4 | 47.4 |
EBITA | 108.6 | 60.4 | 81.1 | 70.2 | 10.4 | 10.0 | 4.7 | 9.1 |
EBITA margin | 2.0% | 1.3% | 1.8% | 2.1% | 0.5% | 0.7% | 0.4% | 1.2% |
Amortization of intangibles | 68.5 | 41.8 | 33.9 | 24.2 | 4.0 | | | |
EBIT | 40.0 | 18.6 | 47.2 | 45.9 | 6.4 | 10.0 | 4.7 | 9.1 |
EBIT margin | 0.7% | 0.4% | 1.1% | 1.4% | 0.3% | 0.7% | 0.4% | 1.2% |
Pre-tax income | -307.3 | 8.1 | 36.2 | 41.0 | 9.2 | -26.1 | -2.6 | 9.2 |
Income taxes | -5.0 | -7.1 | 11.2 | 16.2 | 4.7 | 0.0 | 0.0 | 0.0 |
Tax rate | 1.6% | | 30.9% | 39.6% | 50.6% | 0.0% | 0.0% | 0.0% |
Net income | -302.3 | 15.5 | 28.3 | 25.8 | 4.3 | -26.1 | -2.6 | 9.2 |
Net margin | -5.5% | 0.3% | 0.6% | 0.8% | 0.2% | -1.7% | -0.2% | 1.2% |
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Diluted EPS | ($4.07) | $0.23 | $0.42 | $0.41 | $0.11 | ($0.79) | ($0.08) | $2,271.28 |
Shares outstanding (diluted) | 74.2 | 68.8 | 68.0 | 63.1 | 38.6 | 33.1 | 33.1 | 0.0 |
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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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