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 | 484.8 | 516.9 | 464.5 | 467.3 | 413.4 | 311.4 | 278.5 | 178.0 |
Revenue growth | -6.2% | 11.3% | -0.6% | 13.0% | 32.8% | 11.8% | 56.5% | 1.2% |
Cost of goods sold | 103.6 | 113.9 | 115.0 | 103.0 | 82.2 | 63.3 | 60.7 | 40.6 |
Gross profit | 381.3 | 403.1 | 349.5 | 364.3 | 331.3 | 248.0 | 217.8 | 137.4 |
Gross margin | 78.6% | 78.0% | 75.2% | 78.0% | 80.1% | 79.7% | 78.2% | 77.2% |
Sales and marketing | 161.6 | 155.2 | 151.8 | 137.7 | 117.2 | 87.0 | 80.0 | 60.4 |
Research and development | 102.5 | 113.4 | 115.2 | 117.5 | 98.2 | 75.1 | 72.5 | 54.0 |
General and administrative | 59.0 | 68.9 | 66.5 | 47.2 | 45.6 | 33.6 | 35.1 | 28.1 |
EBITA | 58.2 | 65.5 | 16.1 | 61.9 | 70.3 | 52.3 | 30.2 | -5.0 |
EBITA margin | 12.0% | 12.7% | 3.5% | 13.2% | 17.0% | 16.8% | 10.8% | -2.8% |
Amortization of intangibles | 39.1 | 42.3 | 46.9 | 40.8 | 30.0 | 16.0 | 17.5 | 11.4 |
EBIT | 19.1 | 23.2 | -30.8 | 21.1 | 40.3 | 36.3 | 12.6 | -16.4 |
EBIT margin | 3.9% | 4.5% | -6.6% | 4.5% | 9.7% | 11.7% | 4.5% | -9.2% |
Pre-tax income | 16.8 | 14.3 | -52.7 | 10.8 | 19.4 | 30.1 | 16.6 | -27.8 |
Income taxes | 50.7 | 8.4 | -11.1 | -1.1 | -26.1 | 3.4 | 3.7 | 16.4 |
Tax rate | 302.0% | 58.5% | 21.1% | | | 11.2% | 22.5% | |
Net income | -33.9 | 6.0 | -41.6 | 11.9 | 45.5 | 26.7 | 12.8 | -44.2 |
Net margin | -7.0% | 1.2% | -9.0% | 2.5% | 11.0% | 8.6% | 4.6% | -24.8% |
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Diluted EPS | ($0.42) | $0.07 | ($0.54) | $0.15 | $0.54 | $0.37 | $0.19 | ($0.70) |
Shares outstanding (diluted) | 81.5 | 81.5 | 77.6 | 77.5 | 84.5 | 71.7 | 67.8 | 62.7 |
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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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