In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Jun-30-10 | Dec-31-09 | Jun-30-09 | Dec-31-08 |
Revenues | 70.3 | 26.2 | 5.4 | 239.3 | 12.0 | 48.7 | 14.8 | 48.2 |
Revenue growth | 168.7% | 384.1% | -97.7% | 391.3% | -19.0% | 1.1% | | -27.8% |
Cost of goods sold | 10.4 | 8.9 | 1.4 | 0.0 | 3.8 | 7.0 | 4.5 | 9.0 |
Gross profit | 59.9 | 17.3 | 4.0 | 239.3 | 8.2 | 41.7 | 10.2 | 39.2 |
Gross margin | 85.2% | 65.9% | 74.0% | 100.0% | 68.2% | 85.6% | 69.3% | 81.3% |
Selling, general and administrative | 145.1 | 105.3 | 89.5 | 55.0 | | 37.5 | | |
Research and development | 113.5 | 106.6 | 75.0 | 67.5 | 35.2 | 89.1 | 47.4 | 104.2 |
General and administrative | | | | | 27.9 | | 17.2 | 30.6 |
EBITA | -197.6 | -193.6 | -159.6 | 116.8 | -54.9 | -100.1 | -67.8 | -95.7 |
EBITA margin | -281.0% | -739.7% | -2952.4% | 48.8% | -458.5% | -205.6% | -458.7% | -198.7% |
Amortization of intangibles | 1.0 | 1.0 | 0.8 | | | | | |
EBIT | -198.6 | -194.6 | -160.4 | 116.8 | -54.9 | -100.1 | -67.8 | -95.7 |
EBIT margin | -282.4% | -743.5% | -2967.2% | 48.8% | -458.5% | -205.6% | -458.7% | -198.7% |
Pre-tax income | -219.9 | -203.3 | -166.9 | 109.2 | -59.4 | -113.9 | -76.5 | -106.6 |
Income taxes | 0.9 | -18.6 | -4.6 | 0.1 | 0.0 | 2.2 | 2.2 | 0.0 |
Tax rate | | 9.2% | 2.8% | 0.1% | 0.0% | | | 0.0% |
Earnings from continuing ops | -220.8 | -184.7 | -162.4 | 109.2 | | -116.0 | | -106.6 |
Earnings from discontinued ops | 1.2 | 34.6 | 7.6 | 13.2 | | | | -106.5 |
Net income | -219.6 | -150.1 | -154.8 | 122.4 | -59.4 | -116.0 | -78.7 | -213.1 |
Net margin | -312.2% | -573.4% | -2862.5% | 51.1% | -496.3% | -238.2% | -532.4% | -442.5% |
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Diluted EPS | ($2.71) | ($2.83) | ($2.70) | $1.78 | $0.00 | ($2.62) | $0.00 | ($2.73) |
Shares outstanding (diluted) | 81.4 | 65.2 | 60.1 | 61.4 | 53.4 | 44.3 | 43.0 | 39.0 |
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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. |