Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 961.0 | 532.9 | 878.6 | 1,679.2 | 1,206.3 | 1,090.9 | 1,373.1 | 1,578.5 |
Revenue growth | 80.3% | -39.3% | -47.7% | 39.2% | 10.6% | -20.5% | -13.0% | 9.6% |
Cost of goods sold | 249.0 | 221.3 | 292.9 | 384.1 | 359.5 | 286.3 | 631.6 | 746.2 |
Gross profit | 712.1 | 311.6 | 585.7 | 1,295.1 | 846.8 | 804.7 | 741.5 | 832.4 |
Gross margin | 74.1% | 58.5% | 66.7% | 77.1% | 70.2% | 73.8% | 54.0% | 52.7% |
Selling, general and administrative | | | | | | | | |
General and administrative | 84.8 | 95.7 | 149.1 | 122.1 | 113.8 | 78.6 | 88.4 | 85.0 |
EBIT | 146.8 | 9.4 | -145.5 | 593.8 | 266.0 | 370.4 | 393.7 | 493.4 |
EBIT margin | 15.3% | 1.8% | -16.6% | 35.4% | 22.1% | 34.0% | 28.7% | 31.3% |
Pre-tax income | 107.4 | -247.2 | -1,480.7 | 140.4 | 216.2 | 318.2 | 350.6 | 457.8 |
Income taxes | -199.4 | -79.6 | -535.0 | 40.7 | 74.3 | 113.6 | 126.3 | 167.0 |
Tax rate | | 32.2% | 36.1% | 29.0% | 34.4% | 35.7% | 36.0% | 36.5% |
Earnings from continuing ops | 306.8 | -167.5 | -945.7 | 99.6 | 141.9 | 204.6 | 189.0 | 290.8 |
Earnings from discontinued ops | | | | 468.4 | 62.7 | 48.9 | 35.3 | |
Net income | 306.8 | -167.5 | -945.7 | 568.0 | 204.6 | 253.6 | 224.3 | 290.8 |
Net margin | 31.9% | -31.4% | -107.6% | 33.8% | 17.0% | 23.2% | 16.3% | 18.4% |
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Diluted EPS | $3.14 | ($1.77) | ($12.43) | $1.36 | $1.96 | $2.83 | $2.61 | $4.04 |
Shares outstanding (diluted) | 97.7 | 94.5 | 76.1 | 73.3 | 72.5 | 72.3 | 72.3 | 72.1 |
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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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