Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-05-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 1,961.8 | 1,190.2 | 1,253.5 | 1,134.2 | 1,059.4 | 921.6 | 783.6 | 640.6 |
Revenue growth | 64.8% | 4.9% | | 7.1% | 15.0% | 17.6% | 22.3% | 35.4% |
Cost of goods sold | 961.6 | 619.7 | 684.4 | 566.1 | 528.1 | 452.7 | 369.6 | 294.9 |
Gross profit | 1,000.2 | 570.6 | 569.1 | 568.1 | 531.4 | 468.9 | 414.0 | 345.8 |
Gross margin | 51.0% | 47.9% | 45.4% | 50.1% | 50.2% | 50.9% | 52.8% | 54.0% |
Sales and marketing | 505.8 | 197.7 | 220.3 | 233.6 | 236.7 | 216.0 | 190.0 | 148.8 |
Research and development | 177.0 | 168.4 | 206.6 | 166.9 | 155.3 | 133.6 | 109.0 | 85.7 |
General and administrative | 197.3 | 117.8 | 139.6 | 118.5 | 121.0 | 113.0 | 93.0 | 70.5 |
EBITA | 160.5 | 92.0 | 100.3 | 69.2 | 45.3 | 40.1 | 53.0 | 61.4 |
EBITA margin | 8.2% | 7.7% | 8.0% | 6.1% | 4.3% | 4.4% | 6.8% | 9.6% |
Amortization of intangibles | 40.4 | 14.9 | 14.9 | 20.1 | 27.0 | 33.9 | 31.0 | 20.7 |
EBIT | 120.1 | 77.1 | 85.4 | 49.1 | 18.3 | 6.2 | 22.1 | 40.7 |
EBIT margin | 6.1% | 6.5% | 6.8% | 4.3% | 1.7% | 0.7% | 2.8% | 6.4% |
Pre-tax income | 59.7 | 35.2 | 35.2 | 26.6 | -2.0 | -10.0 | 12.9 | 40.2 |
Income taxes | 9.3 | 5.2 | 5.2 | 10.7 | -1.1 | -2.1 | 3.6 | 17.2 |
Tax rate | 15.5% | 14.6% | 14.6% | 40.2% | 57.6% | 21.2% | 28.1% | 42.7% |
Net income | 50.4 | 30.1 | 30.1 | 15.9 | -0.8 | -7.9 | 9.3 | 23.0 |
Net margin | 2.6% | 2.5% | 2.4% | 1.4% | -0.1% | -0.9% | 1.2% | 3.6% |
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Diluted EPS | $1.45 | $0.88 | $0.88 | $0.45 | ($0.02) | ($0.20) | $0.24 | $0.61 |
Shares outstanding (diluted) | 34.8 | 34.1 | 34.1 | 35.2 | 36.8 | 38.5 | 39.5 | 37.4 |
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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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