In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
Revenues | 674.3 | 578.1 | 499.9 | 407.2 | 334.1 | 270.0 | 253.5 |
Revenue growth | 16.6% | 15.6% | 22.8% | 21.9% | 23.7% | 6.5% | |
Cost of goods sold | 422.5 | 366.5 | 316.7 | 250.7 | 206.5 | 161.6 | 157.1 |
Gross profit | 251.7 | 211.6 | 183.2 | 156.4 | 127.6 | 108.4 | 96.3 |
Gross margin | 37.3% | 36.6% | 36.7% | 38.4% | 38.2% | 40.1% | 38.0% |
Sales and marketing | 0.7 | 0.7 | 15.3 | 10.3 | 0.1 | 7.4 | 7.4 |
Research and development | 21.2 | 11.0 | 8.1 | 5.4 | 0.4 | | |
General and administrative | 22.7 | 15.5 | 14.4 | 11.5 | 10.4 | 15.6 | 49.4 |
EBITA | 104.9 | 106.1 | 95.3 | 85.9 | 74.8 | 55.7 | 39.6 |
EBITA margin | 15.6% | 18.4% | 19.1% | 21.1% | 22.4% | 20.6% | 15.6% |
Amortization of intangibles | 1.2 | 0.9 | 2.5 | 2.1 | 3.3 | 3.6 | |
EBIT | 103.7 | 105.2 | 92.8 | 83.8 | 71.5 | 52.1 | 39.6 |
EBIT margin | 15.4% | 18.2% | 18.6% | 20.6% | 21.4% | 19.3% | 15.6% |
Pre-tax income | 112.2 | 114.6 | 85.8 | 81.0 | 90.8 | 52.9 | -19.0 |
Income taxes | -24.5 | -23.5 | -0.8 | -16.6 | 0.0 | -0.4 | -4.0 |
Tax rate | | | | | 0.0% | | 21.2% |
Earnings from continuing ops | 112.2 | 114.6 | 86.6 | 81.0 | 90.8 | 53.4 | -15.0 |
Earnings from discontinued ops | | | | | | -0.6 | -49.3 |
Net income | 112.2 | 114.6 | 86.6 | 81.0 | 90.8 | 52.9 | -64.2 |
Net margin | 16.6% | 19.8% | 17.3% | 19.9% | 27.2% | 19.6% | -25.3% |
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Diluted EPS | $0.19 | $0.20 | $0.15 | $0.13 | $0.15 | $0.09 | ($0.03) |
Shares outstanding (diluted) | 576.6 | 582.0 | 582.4 | 603.5 | 597.5 | 589.2 | 510.2 |
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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. |