Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
Revenues | 1,589.0 | 1,862.0 | 2,371.0 | 3,090.0 | 2,604.0 | 133.0 | 0.0 | 2,209.0 |
Revenue growth | -14.7% | -21.5% | -23.3% | 18.7% | | | -100.0% | -30.7% |
Cost of goods sold | 1,342.0 | 1,487.0 | 1,973.0 | 2,377.0 | 2,122.0 | 133.0 | 0.0 | 610.0 |
Gross profit | 247.0 | 375.0 | 398.0 | 713.0 | 482.0 | 0.0 | 0.0 | 1,599.0 |
Gross margin | 15.5% | 20.1% | 16.8% | 23.1% | 18.5% | 0.0% | | 72.4% |
Selling, general and administrative | 442.0 | 409.0 | 385.0 | 245.0 | 249.0 | 0.0 | 0.0 | 149.0 |
EBITA | 103.0 | 816.0 | 222.0 | 494.0 | 262.0 | 133.0 | 0.0 | 862.0 |
EBITA margin | 6.5% | 43.8% | 9.4% | 16.0% | 10.1% | 100.0% | | 39.0% |
Amortization of intangibles | 24.0 | 48.0 | 39.0 | 38.0 | 25.0 | | | |
EBIT | 79.0 | 768.0 | 183.0 | 456.0 | 237.0 | 133.0 | 0.0 | 862.0 |
EBIT margin | 5.0% | 41.2% | 7.7% | 14.8% | 9.1% | 100.0% | | 39.0% |
Pre-tax income | -288.0 | 92.0 | -118.0 | 198.0 | -48.0 | -189.0 | -235.0 | 505.0 |
Income taxes | 7.0 | 11.0 | -3.0 | 6.0 | -6.0 | 0.0 | -2.0 | 12.0 |
Tax rate | | 12.0% | 2.5% | 3.0% | 12.5% | 0.0% | 0.9% | 2.4% |
Net income | -295.0 | 81.0 | -115.0 | 192.0 | -42.0 | -189.0 | -233.0 | 493.0 |
Net margin | -18.6% | 4.4% | -4.9% | 6.2% | -1.6% | -142.1% | | 22.3% |
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Diluted EPS | | | | | | ($0.24) | ($0.53) | $1.20 |
Shares outstanding (diluted) | | | | | | 772.0 | 441.0 | 412.0 |
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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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