Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 707.1 | 738.7 | 694.0 | 505.8 | 415.7 | 384.5 | 476.8 | 396.6 |
Revenue growth | -4.3% | 6.4% | 37.2% | 21.7% | 8.1% | -19.4% | 20.2% | 0.9% |
Cost of goods sold | 326.9 | 308.1 | 296.8 | 246.7 | 227.8 | 226.9 | 224.8 | 144.5 |
Gross profit | 380.2 | 430.6 | 397.2 | 259.1 | 187.9 | 157.6 | 252.0 | 252.1 |
Gross margin | 53.8% | 58.3% | 57.2% | 51.2% | 45.2% | 41.0% | 52.8% | 63.6% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 14.4 | 12.1 | 12.3 | 11.5 | 12.6 | 9.1 | 12.4 | 10.2 |
EBITA | 220.9 | 271.8 | 247.9 | 128.7 | 37.8 | 5.9 | 223.4 | 260.6 |
EBITA margin | 31.2% | 36.8% | 35.7% | 25.4% | 9.1% | 1.5% | 46.9% | 65.7% |
Amortization of intangibles | 9.3 | 11.6 | 12.5 | 8.7 | 9.4 | 10.5 | 11.1 | 3.5 |
EBIT | 211.6 | 260.2 | 235.3 | 120.0 | 28.4 | -4.6 | 212.3 | 257.1 |
EBIT margin | 29.9% | 35.2% | 33.9% | 23.7% | 6.8% | -1.2% | 44.5% | 64.8% |
Pre-tax income | 203.9 | 247.8 | 204.0 | 45.6 | 33.0 | 2.0 | 109.6 | 97.8 |
Income taxes | 59.5 | 74.2 | 62.8 | -9.3 | -3.4 | -10.6 | 27.0 | 28.7 |
Tax rate | 29.2% | 29.9% | 30.8% | | | | 24.6% | 29.3% |
Net income | 144.4 | 173.7 | 141.2 | 54.9 | 16.3 | -4.0 | 81.8 | 0.1 |
Net margin | 20.4% | 23.5% | 20.3% | 10.9% | 3.9% | -1.0% | 17.2% | 0.0% |
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Diluted EPS | $0.78 | $0.92 | $0.77 | $0.40 | $0.13 | ($0.05) | $0.95 | $1.23 |
Shares outstanding (diluted) | 186.3 | 187.8 | 183.6 | 136.9 | 121.1 | 86.3 | 86.0 | 0.1 |
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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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