Financial Summary (All financials)
In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
Revenues | 2,193.2 | 2,291.6 | 2,299.8 | 2,199.9 | 1,844.0 | 1,436.4 | 1,032.6 | 650.1 |
Revenue growth | -4.3% | -0.4% | 4.5% | 19.3% | 28.4% | 39.1% | 58.8% | 111.5% |
Cost of goods sold | 1,493.1 | 1,581.3 | 1,557.0 | 1,498.8 | 1,280.2 | 1,000.9 | 716.0 | 408.2 |
Gross profit | 700.1 | 710.3 | 742.8 | 701.1 | 563.8 | 435.5 | 316.6 | 241.9 |
Gross margin | 31.9% | 31.0% | 32.3% | 31.9% | 30.6% | 30.3% | 30.7% | 37.2% |
Sales and marketing | 35.7 | 35.3 | 30.2 | 26.0 | 28.5 | 23.8 | 15.5 | 14.8 |
Research and development | 7.2 | 13.0 | 13.1 | 6.8 | 7.6 | 7.4 | 5.3 | 4.8 |
General and administrative | 190.4 | 190.5 | 215.8 | 204.5 | 157.4 | 128.6 | 101.1 | 72.1 |
EBITA | 381.4 | 284.8 | 301.1 | 284.8 | 228.2 | 153.9 | 109.7 | 94.2 |
EBITA margin | 17.4% | 12.4% | 13.1% | 12.9% | 12.4% | 10.7% | 10.6% | 14.5% |
Amortization of intangibles | 13.6 | 14.7 | 10.9 | 5.4 | 5.2 | 5.3 | 5.0 | 4.0 |
EBIT | 367.8 | 270.1 | 290.2 | 279.4 | 223.0 | 148.6 | 104.7 | 90.2 |
EBIT margin | 16.8% | 11.8% | 12.6% | 12.7% | 12.1% | 10.3% | 10.1% | 13.9% |
Pre-tax income | 123.1 | 190.8 | 262.4 | 258.4 | 197.9 | 108.9 | 69.4 | 64.8 |
Income taxes | 73.6 | 66.2 | 39.7 | 97.9 | 74.9 | 43.0 | -25.7 | 19.0 |
Tax rate | 59.8% | 34.7% | 15.1% | 37.9% | 37.9% | 39.5% | | 29.4% |
Earnings from continuing ops | 49.4 | 124.7 | 222.7 | 160.5 | 122.9 | 65.9 | 47.3 | 105.9 |
Earnings from discontinued ops | | | | -10.2 | -19.1 | -14.9 | 13.6 | -17.2 |
Net income | 44.3 | 106.6 | 174.8 | 150.2 | 103.9 | 51.0 | 60.9 | 88.7 |
Net margin | 2.0% | 4.7% | 7.6% | 6.8% | 5.6% | 3.6% | 5.9% | 13.6% |
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Diluted EPS | $2.83 | $6.08 | $7.91 | $4.99 | $3.86 | $2.03 | $1.55 | $3.72 |
Shares outstanding (diluted) | 17.5 | 20.5 | 28.2 | 32.2 | 31.9 | 32.4 | 30.5 | 28.5 |
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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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