Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
Revenues | 788.6 | 833.4 | 875.2 | 13.9 | 12.8 | 13.3 |
Revenue growth | -5.4% | -4.8% | | 9.0% | -3.8% | |
Cost of goods sold | 0.2 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 |
Gross profit | 788.4 | 833.2 | 875.1 | 13.9 | 12.8 | 13.3 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 77.7 | 68.7 | 93.7 | 0.0 | 0.0 | 0.0 |
EBIT | -6.1 | 46.1 | 128.7 | 0.0 | 0.0 | 0.0 |
EBIT margin | -0.8% | 5.5% | 14.7% | 0.0% | 0.0% | 0.0% |
Pre-tax income | -6.1 | 46.1 | 128.7 | 13.9 | 12.8 | 13.3 |
Income taxes | -15.8 | 14.6 | 46.1 | 4.9 | 4.5 | 4.6 |
Tax rate | 260.6% | 31.8% | 35.8% | 34.9% | 34.9% | 34.9% |
Net income | 9.7 | 31.5 | 82.7 | 9.1 | 8.3 | 8.6 |
Net margin | 1.2% | 3.8% | 9.4% | 65.1% | 65.1% | 65.1% |
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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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