Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 1,015.0 | 993.3 | 992.1 | 882.5 | 790.4 | 727.7 | 652.1 | 591.6 |
Revenue growth | 2.2% | 0.1% | 12.4% | 11.7% | 8.6% | 11.6% | 10.2% | 17.4% |
Cost of goods sold | 516.4 | 486.8 | 483.9 | 425.1 | 360.7 | 332.5 | 297.3 | 260.6 |
Gross profit | 498.6 | 506.5 | 508.2 | 457.4 | 429.7 | 395.2 | 354.8 | 331.0 |
Gross margin | 49.1% | 51.0% | 51.2% | 51.8% | 54.4% | 54.3% | 54.4% | 56.0% |
Sales and marketing | 183.5 | 173.7 | 169.0 | 156.3 | 147.4 | 137.6 | 125.5 | 119.5 |
Research and development | 159.9 | 157.4 | 151.4 | 141.4 | 134.7 | 128.1 | 120.3 | 115.9 |
General and administrative | 76.6 | 93.0 | 85.6 | 72.8 | 66.9 | 47.8 | 50.7 | 53.8 |
EBITA | 57.1 | 88.9 | 102.1 | 86.9 | 80.7 | 81.7 | 58.3 | 41.8 |
EBITA margin | 5.6% | 9.0% | 10.3% | 9.9% | 10.2% | 11.2% | 8.9% | 7.1% |
Amortization of intangibles | 45.3 | 47.3 | 39.6 | 26.5 | 20.7 | 19.4 | 18.6 | 11.2 |
EBIT | 11.8 | 41.6 | 62.6 | 60.4 | 60.0 | 62.3 | 39.7 | 30.6 |
EBIT margin | 1.2% | 4.2% | 6.3% | 6.8% | 7.6% | 8.6% | 6.1% | 5.2% |
Pre-tax income | 1.1 | 12.1 | 38.6 | 35.6 | 42.1 | 173.1 | 35.0 | 30.4 |
Income taxes | 2.1 | 27.5 | -6.3 | 3.4 | 8.4 | 64.0 | -48.2 | 3.0 |
Tax rate | 186.6% | 226.5% | | 9.5% | 19.9% | 37.0% | | 9.7% |
Net income | -1.0 | -15.3 | 44.9 | 32.2 | 33.7 | 109.1 | 83.3 | 27.5 |
Net margin | -0.1% | -1.5% | 4.5% | 3.6% | 4.3% | 15.0% | 12.8% | 4.6% |
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Diluted EPS | ($0.02) | ($0.33) | $0.94 | $0.67 | $0.70 | $2.26 | $1.74 | $0.58 |
Shares outstanding (diluted) | 44.4 | 46.3 | 47.8 | 48.2 | 48.4 | 48.4 | 47.7 | 47.6 |
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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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