Financial Summary (All financials)
In millions, except per share items | Dec-29-19 | Dec-30-18 | Dec-31-17 | Jan-01-17 | Jan-03-16 | Dec-28-14 | Dec-29-13 | Dec-30-12 |
Revenues | 2,205.3 | 2,483.8 | 2,327.8 | 1,923.1 | 1,607.9 | 725.5 | 722.7 | 769.7 |
Revenue growth | -11.2% | 6.7% | 21.0% | 19.6% | 121.6% | 0.4% | -6.1% | -22.7% |
Cost of goods sold | 1,375.3 | 1,552.4 | 1,545.8 | 1,464.6 | 1,204.2 | 361.8 | 384.1 | 384.0 |
Gross profit | 830.0 | 931.5 | 781.9 | 458.5 | 403.7 | 363.7 | 338.6 | 385.7 |
Gross margin | 37.6% | 37.5% | 33.6% | 23.8% | 25.1% | 50.1% | 46.8% | 50.1% |
Selling, general and administrative | 344.0 | 403.0 | 340.9 | 720.1 | 320.2 | 170.7 | 182.7 | 212.0 |
Research and development | 362.7 | 364.0 | 362.9 | 347.1 | 274.8 | 164.6 | 190.9 | 189.9 |
EBITA | 123.3 | 164.4 | 78.1 | -608.7 | -191.4 | 23.3 | -36.9 | -8.0 |
EBITA margin | 5.6% | 6.6% | 3.4% | -31.7% | -11.9% | 3.2% | -5.1% | -1.0% |
Amortization of intangibles | | | | | 108.3 | 6.7 | 7.8 | 4.0 |
EBIT | 123.3 | 164.4 | 78.1 | -608.7 | -299.7 | 16.6 | -44.7 | -12.0 |
EBIT margin | 5.6% | 6.6% | 3.4% | -31.7% | -18.6% | 2.3% | -6.2% | -1.6% |
Pre-tax income | 42.8 | 39.0 | -69.8 | -680.6 | -348.3 | 15.3 | -57.8 | -22.7 |
Income taxes | -2.4 | 315.6 | -11.2 | -2.6 | -17.0 | -1.2 | -7.8 | 2.3 |
Tax rate | | 809.8% | 16.0% | 0.4% | 4.9% | | 13.4% | |
Net income | 40.4 | 354.6 | -80.9 | -683.2 | -365.3 | 17.9 | -48.2 | -23.4 |
Net margin | 1.8% | 14.3% | -3.5% | -35.5% | -22.7% | 2.5% | -6.7% | -3.0% |
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Diluted EPS | $0.11 | $0.95 | ($0.24) | ($2.14) | ($1.21) | $0.11 | ($0.32) | ($0.16) |
Shares outstanding (diluted) | 384.7 | 372.2 | 333.5 | 319.5 | 302.0 | 169.1 | 148.6 | 149.3 |
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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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