Financial Summary (All financials)
In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
Revenues | 711.3 | 726.3 | 943.6 | 1,039.5 | 800.2 | 906.0 | 555.9 | 394.4 |
Revenue growth | -2.1% | -23.0% | -9.2% | 29.9% | -11.7% | 63.0% | 40.9% | -53.9% |
Cost of goods sold | 647.9 | 659.8 | 1,598.1 | 900.7 | 680.8 | 1,383.4 | 936.4 | 728.0 |
Gross profit | 63.4 | 66.5 | -654.5 | 138.8 | 119.4 | -477.4 | -380.6 | -333.6 |
Gross margin | 8.9% | 9.2% | -69.4% | 13.4% | 14.9% | -52.7% | -68.5% | -84.6% |
Selling, general and administrative | | | | | 75.8 | | | |
Sales and marketing | | | | | | 11.8 | 2.4 | 2.0 |
Research and development | | | | | | 2.2 | | |
General and administrative | 34.7 | 34.0 | 35.1 | 46.6 | | 42.1 | 33.0 | 25.1 |
EBIT | 23.9 | 28.5 | 108.8 | 65.2 | 61.3 | 155.1 | 54.6 | 5.1 |
EBIT margin | 3.4% | 3.9% | 11.5% | 6.3% | 7.7% | 17.1% | 9.8% | 1.3% |
Pre-tax income | 13.2 | -36.1 | 85.1 | -395.7 | 50.4 | 155.5 | 50.4 | -8.7 |
Income taxes | 3.7 | -12.3 | 16.3 | -93.7 | -4.0 | 11.2 | 0.0 | 0.0 |
Tax rate | 28.0% | 34.2% | 19.1% | 23.7% | | 7.2% | 0.0% | 0.3% |
Net income | 9.5 | -11.9 | 70.3 | -270.2 | 55.0 | 144.3 | 50.4 | -8.7 |
Net margin | 1.3% | -1.6% | 7.4% | -26.0% | 6.9% | 15.9% | 9.1% | -2.2% |
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Diluted EPS | $0.08 | ($0.10) | $0.45 | ($2.28) | $0.42 | $1.27 | $0.51 | ($0.09) |
Shares outstanding (diluted) | 121.6 | 120.8 | 156.2 | 118.6 | 131.4 | 113.9 | 99.2 | 94.9 |
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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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