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 | 305.8 | 256.7 | 233.8 | 239.2 | 203.4 | 130.2 | 65.6 | 42.6 |
Revenue growth | 19.1% | 9.8% | -2.2% | 17.6% | 56.3% | 98.4% | 54.1% | |
Cost of goods sold | 100.4 | 87.1 | 71.4 | 82.5 | 68.4 | 56.2 | 31.5 | 18.9 |
Gross profit | 205.4 | 169.5 | 162.5 | 156.7 | 135.0 | 74.0 | 34.2 | 23.7 |
Gross margin | 67.2% | 66.0% | 69.5% | 65.5% | 66.4% | 56.8% | 52.1% | 55.7% |
General and administrative | 5.8 | 8.6 | 5.7 | 5.4 | 4.4 | 1.8 | 0.2 | 0.4 |
EBIT | 205.6 | 162.6 | 138.6 | 131.9 | 116.4 | 64.9 | 28.1 | 19.9 |
EBIT margin | 67.2% | 63.4% | 59.3% | 55.1% | 57.2% | 49.8% | 42.9% | 46.8% |
Pre-tax income | 175.3 | 139.0 | 134.1 | 130.1 | 115.5 | 64.8 | 28.1 | 19.9 |
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% | 0.0% | 0.0% | 0.0% |
Net income | 155.6 | 120.7 | 109.4 | 94.0 | 69.8 | 15.1 | 28.1 | 19.9 |
Net margin | 50.9% | 47.0% | 46.8% | 39.3% | 34.3% | 11.6% | 42.9% | 46.8% |
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Diluted EPS | $2.44 | $1.89 | $1.72 | $1.58 | $1.20 | $0.26 | | |
Shares outstanding (diluted) | 63.8 | 63.7 | 63.6 | 59.3 | 58.3 | 58.3 | | |
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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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