Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 |
Revenues | 623.0 | 434.4 |
Revenue growth | 43.4% | |
Cost of goods sold | 86.1 | 87.2 |
Gross profit | 536.9 | 347.2 |
Gross margin | 86.2% | 79.9% |
General and administrative | 65.2 | 42.4 |
EBIT | 210.6 | 74.0 |
EBIT margin | 33.8% | 17.0% |
Pre-tax income | 133.4 | 23.1 |
Income taxes | 22.7 | 14.1 |
Tax rate | 17.0% | 60.9% |
Net income | 95.9 | 6.5 |
Net margin | 15.4% | 1.5% |
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Diluted EPS | $3.47 | $0.41 |
Shares outstanding (diluted) | 27.6 | 15.9 |
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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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