Financial Summary (All financials)
In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 |
Revenues | 798.9 | 509.3 | 218.2 | 115.1 | 88.3 | 95.2 | 49.8 | 12.8 |
Revenue growth | 56.9% | 133.4% | 89.5% | 30.4% | -7.3% | 91.4% | 289.2% | -9.7% |
Cost of goods sold | 74.4 | 28.6 | 12.5 | 8.0 | 7.0 | 7.3 | 5.3 | 3.0 |
Gross profit | 724.6 | 480.7 | 205.7 | 107.1 | 81.3 | 87.9 | 44.5 | 9.8 |
Gross margin | 90.7% | 94.4% | 94.3% | 93.0% | 92.1% | 92.3% | 89.4% | 76.5% |
Selling, general and administrative | | | | | | 19.2 | 17.7 | 17.3 |
Sales and marketing | 152.9 | 114.1 | 56.7 | 31.5 | 19.3 | | | |
Research and development | 59.7 | 34.3 | 16.8 | 10.9 | 9.7 | 10.6 | 4.8 | 3.0 |
General and administrative | 56.4 | 33.6 | 17.7 | 10.3 | 10.6 | | | |
EBITA | 453.9 | 296.5 | 113.1 | 53.8 | 41.0 | 57.5 | 21.1 | -10.8 |
EBITA margin | 56.8% | 58.2% | 51.8% | 46.8% | 46.4% | 60.4% | 42.4% | -84.8% |
Amortization of intangibles | 3.1 | | | | | | | |
EBIT | 450.8 | 296.5 | 113.1 | 53.8 | 41.0 | 57.5 | 21.1 | -10.8 |
EBIT margin | 56.4% | 58.2% | 51.8% | 46.8% | 46.4% | 60.4% | 42.4% | -84.8% |
Pre-tax income | 439.5 | 297.2 | 113.7 | 54.4 | 42.1 | 58.7 | 23.0 | -10.1 |
Income taxes | 146.9 | 99.6 | 34.2 | 19.3 | 15.5 | 18.2 | -14.6 | 0.0 |
Tax rate | 33.4% | 33.5% | 30.0% | 35.5% | 36.8% | 31.0% | | 0.0% |
Net income | 292.6 | 197.7 | 79.6 | 35.1 | 26.6 | 0.0 | 0.0 | 0.0 |
Net margin | 36.6% | 38.8% | 36.5% | 30.5% | 30.2% | 0.0% | 0.1% | -0.1% |
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Diluted EPS | $4.76 | $3.14 | $1.21 | $0.54 | $0.40 | $0.49 | $0.51 | ($0.18) |
Shares outstanding (diluted) | 61.4 | 63.0 | 66.0 | 64.7 | 66.3 | 0.1 | 0.1 | 0.1 |
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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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