Financial Summary (All financials)
In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 4,076.2 | 4,231.7 | 6,661.8 | 6,334.7 | 7,259.0 | 6,965.5 | 4,971.6 |
Revenue growth | -3.7% | -36.5% | 5.2% | -12.7% | 4.2% | 40.1% | |
Cost of goods sold | 3,722.7 | 3,899.8 | 6,324.7 | 6,048.7 | 6,956.3 | 6,689.2 | 4,744.4 |
Gross profit | 353.5 | 331.8 | 337.1 | 286.0 | 302.6 | 276.3 | 227.3 |
Gross margin | 8.7% | 7.8% | 5.1% | 4.5% | 4.2% | 4.0% | 4.6% |
Sales and marketing | 202.3 | 205.1 | 220.8 | 201.6 | 210.2 | 192.8 | 155.4 |
General and administrative | 49.8 | 43.3 | 38.1 | 29.7 | 29.9 | 29.8 | 27.5 |
EBITA | 112.5 | 100.9 | 76.1 | 58.7 | 65.2 | 53.1 | 51.0 |
EBITA margin | 2.8% | 2.4% | 1.1% | 0.9% | 0.9% | 0.8% | 1.0% |
Amortization of intangibles | 18.4 | 19.0 | 14.2 | 9.9 | 10.1 | 9.6 | 7.7 |
EBIT | 94.1 | 81.9 | 62.0 | 48.8 | 55.0 | 43.5 | 43.4 |
EBIT margin | 2.3% | 1.9% | 0.9% | 0.8% | 0.8% | 0.6% | 0.9% |
Pre-tax income | 56.3 | 39.3 | 18.1 | 26.1 | 26.6 | 17.1 | 20.9 |
Income taxes | 4.4 | 4.5 | 2.0 | -1.0 | 4.1 | 5.4 | 2.2 |
Tax rate | 7.7% | 11.4% | 10.8% | | 15.5% | 31.7% | 10.3% |
Net income | 51.9 | 34.8 | 16.1 | 27.1 | 19.7 | 10.1 | 18.7 |
Net margin | 1.3% | 0.8% | 0.2% | 0.4% | 0.3% | 0.1% | 0.4% |
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Diluted EPS | $1.15 | $0.74 | $0.35 | $0.59 | $0.43 | $0.22 | $0.40 |
Shares outstanding (diluted) | 44.9 | 47.3 | 46.3 | 45.7 | 45.5 | 46.0 | 46.4 |
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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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