Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 662.4 | 565.8 | 509.8 | 565.1 |
Revenue growth | 17.1% | 11.0% | -9.8% | |
Cost of goods sold | 154.3 | 158.4 | 303.5 | 370.2 |
Gross profit | 508.1 | 407.4 | 206.3 | 194.9 |
Gross margin | 76.7% | 72.0% | 40.5% | 34.5% |
Selling, general and administrative | | | 0.0 | 0.0 |
General and administrative | 11.5 | 8.1 | 0.0 | 0.0 |
EBIT | 373.6 | 286.2 | 206.3 | 194.9 |
EBIT margin | 56.4% | 50.6% | 40.5% | 34.5% |
Pre-tax income | 372.3 | 284.8 | 0.0 | 281.0 |
Income taxes | 301.5 | 243.6 | 0.0 | 0.0 |
Tax rate | 81.0% | 85.5% | | 0.0% |
Net income | 69.1 | 40.4 | 0.0 | 0.0 |
Net margin | 10.4% | 7.1% | 0.0% | 0.0% |
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Diluted EPS | $1.26 | $0.75 | | |
Shares outstanding (diluted) | 54.7 | 53.8 | | |
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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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