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 | 394.0 | 283.6 | 271.0 | 355.7 | 695.9 | 634.3 | 546.6 | 754.2 |
Revenue growth | 38.9% | 4.7% | -23.8% | -48.9% | 9.7% | 16.0% | -27.5% | 46.4% |
Cost of goods sold | 17.5 | 170.7 | 106.5 | 99.3 | 101.6 | 100.6 | 102.9 | 86.9 |
Gross profit | 376.6 | 112.9 | 164.5 | 256.4 | 594.3 | 533.7 | 443.7 | 667.3 |
Gross margin | 95.6% | 39.8% | 60.7% | 72.1% | 85.4% | 84.1% | 81.2% | 88.5% |
Selling, general and administrative | | | | | | 113.8 | 111.3 | 128.5 |
General and administrative | 43.1 | 43.3 | 64.1 | 81.4 | 95.8 | 91.9 | 83.8 | 104.6 |
EBIT | 254.7 | -44.7 | -237.4 | -1,355.6 | 127.0 | 125.9 | -1,386.9 | -136.9 |
EBIT margin | 64.6% | -15.8% | -87.6% | -381.1% | 18.3% | 19.9% | -253.7% | -18.2% |
Pre-tax income | -187.2 | 24.7 | -222.5 | -1,192.4 | 120.7 | 22.2 | -1,393.3 | 22.6 |
Income taxes | -4.5 | 0.3 | 2.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 2.4% | 1.2% | | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | -182.7 | 24.4 | -225.3 | -1,192.4 | 120.7 | 22.2 | -1,393.3 | 22.6 |
Net margin | -46.4% | 8.6% | -83.1% | -335.2% | 17.3% | 3.5% | -254.9% | 3.0% |
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Diluted EPS | ($8.42) | $1.14 | ($12.09) | ($65.37) | $0.45 | $0.10 | ($6.50) | $0.10 |
Shares outstanding (diluted) | 21.7 | 21.3 | 18.6 | 18.2 | 268.4 | 230.9 | 214.3 | 216.7 |
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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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