Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 17.0 | 28.4 | 23.7 | 419.8 | 480.8 | 569.0 | 512.3 | 616.5 |
Revenue growth | -40.2% | 20.0% | -94.4% | -12.7% | -15.5% | 11.1% | -16.9% | |
Cost of goods sold | 101.5 | 96.3 | 116.7 | 175.1 | 247.9 | -263.3 | -244.4 | -269.3 |
Gross profit | -84.5 | -67.9 | -93.0 | 244.7 | 232.9 | 832.3 | 756.7 | 885.8 |
Gross margin | -497.2% | -239.0% | -393.1% | 58.3% | 48.4% | 146.3% | 147.7% | 143.7% |
General and administrative | 36.2 | 26.6 | 27.5 | 47.1 | 50.4 | 45.6 | 44.6 | 51.3 |
EBIT | 273.6 | 25.1 | 1.5 | -142.8 | -13.6 | -192.8 | -242.8 | 255.9 |
EBIT margin | 1610.2% | 88.3% | 6.2% | -34.0% | -2.8% | -33.9% | -47.4% | 41.5% |
Pre-tax income | -178.9 | -267.4 | -168.0 | -298.9 | -129.2 | -62.0 | -109.6 | 175.9 |
Income taxes | -1.5 | 1.1 | -3.2 | 1.3 | -3.2 | 0.1 | -4.3 | 0.3 |
Tax rate | 0.8% | | 1.9% | | 2.4% | | 3.9% | 0.2% |
Net income | -192.1 | -268.7 | -165.9 | -303.8 | -134.1 | -67.0 | -111.0 | 173.8 |
Net margin | -1130.7% | -946.4% | -701.0% | -72.4% | -27.9% | -11.8% | -21.7% | 28.2% |
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Diluted EPS | ($15.55) | ($22.47) | ($14.22) | ($2.83) | ($1.27) | ($0.65) | ($1.09) | $1.57 |
Shares outstanding (diluted) | 12.4 | 12.0 | 11.7 | 107.4 | 105.9 | 103.5 | 101.9 | 111.0 |
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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. |
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