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 |
| Revenues | 280.1 | 406.1 | 373.7 | 259.6 | 273.3 | 278.8 |
| Revenue growth | -31.0% | 8.7% | 44.0% | -5.0% | -2.0% | |
| Cost of goods sold | 8.5 | 13.3 | 6.3 | 0.6 | 0.6 | 0.4 |
| Gross profit | 271.6 | 392.8 | 367.4 | 259.0 | 272.7 | 278.4 |
| Gross margin | 97.0% | 96.7% | 98.3% | 99.8% | 99.8% | 99.9% |
| Selling, general and administrative | 122.9 | 127.9 | 144.6 | 72.1 | 43.6 | 47.2 |
| Research and development | 112.3 | 106.4 | 105.8 | 44.7 | 32.2 | 32.3 |
| EBITA | 36.4 | 267.0 | 116.9 | 142.2 | 197.0 | 209.3 |
| EBITA margin | 13.0% | 65.7% | 31.3% | 54.8% | 72.1% | 75.1% |
| Amortization of intangibles | 99.9 | 217.0 | 111.9 | 31.9 | 20.6 | 18.5 |
| EBIT | -63.6 | 50.1 | 5.0 | 110.3 | 176.3 | 190.8 |
| EBIT margin | -22.7% | 12.3% | 1.3% | 42.5% | 64.5% | 68.4% |
| Pre-tax income | -83.1 | 6.9 | -58.3 | 90.7 | 165.6 | 167.2 |
| Income taxes | -19.0 | 8.7 | -1.8 | 34.6 | 48.5 | -7.7 |
| Tax rate | 22.9% | 125.5% | 3.1% | 38.2% | 29.3% | |
| Earnings from continuing ops | -62.5 | -0.3 | -56.6 | 56.1 | 117.1 | 174.9 |
| Earnings from discontinued ops | | | | | -0.1 | -4.5 |
| Net income | -62.5 | -0.3 | -56.6 | 56.1 | 117.0 | 170.5 |
| Net margin | -22.3% | -0.1% | -15.1% | 21.6% | 42.8% | 61.1% |
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| Diluted EPS | ($1.27) | ($0.01) | ($1.15) | $1.12 | $2.23 | $3.27 |
| Shares outstanding (diluted) | 49.1 | 48.8 | 49.3 | 50.2 | 52.6 | 53.6 |
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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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