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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Spain | 338.7 | 186.7 | | | | | | |
Regulated Solar and Wind | 338.7 | 186.7 | | | | | | |
Solar Energy | 316.4 | 299.0 | 337.2 | 377.5 | 346.0 | 127.2 | 18.7 | 15.7 |
Wind | 286.1 | 280.9 | 273.2 | 277.1 | 123.5 | | | |
Total revenues | 941.2 | 766.6 | 610.5 | 654.6 | 469.5 | 127.2 | 18.7 | 15.7 |
Revenue growth [+] | 22.8% | 25.6% | -6.7% | 39.4% | 269.2% | 579.4% | 19.3% | |
Spain | 81.4% | | | | | | | |
Regulated Solar and Wind | 81.4% | | | | | | | |
Solar Energy | 5.8% | -11.3% | -10.7% | 9.1% | 172.1% | 579.4% | 19.3% | |
Wind | 1.8% | 2.8% | -1.4% | 124.4% | | | | |
Portugal | 124.9% | | | | | | | |
Cost of goods sold | 279.9 | 220.9 | 150.7 | 113.3 | 70.5 | 10.6 | 1.1 | 0.8 |
Gross profit | 661.3 | 545.7 | 459.7 | 541.3 | 399.0 | 116.5 | 17.6 | 14.9 |
Gross margin | 70.3% | 71.2% | 75.3% | 82.7% | 85.0% | 91.6% | 94.1% | 94.7% |
Selling, general and administrative [+] | 81.1 | 87.7 | 139.9 | 90.0 | 55.8 | 21.0 | 0.3 | 0.2 |
General and administrative | 81.1 | 87.7 | 139.9 | 90.0 | 55.8 | 21.0 | 0.3 | 0.2 |
Other operating expenses | 37.0 | 35.0 | 71.4 | 44.1 | 176.4 | 47.9 | | |
EBITDA [+] | 543.3 | 423.0 | 248.5 | 407.2 | 166.8 | 47.7 | | |
EBITDA growth | 28.5% | 70.2% | -39.0% | 144.1% | 250.0% | 789.7% | 0.9% | |
EBITDA margin | 57.7% | 55.2% | 40.7% | 62.2% | 35.5% | 37.5% | 28.6% | 33.8% |
Depreciation | 394.2 | 303.1 | 207.1 | 203.1 | 156.0 | 37.1 | | |
EBITA | 149.1 | 119.9 | 41.4 | 204.0 | 10.8 | 10.6 | 5.4 | 5.3 |
EBITA margin | 15.8% | 15.6% | 6.8% | 31.2% | 2.3% | 8.3% | 28.6% | 33.8% |
Amortization of intangibles | 39.9 | 38.8 | 39.6 | 40.2 | 5.3 | 4.2 | | |
EBIT [+] | 109.2 | 81.1 | 1.8 | 163.8 | 5.5 | 6.4 | 5.4 | 5.3 |
EBIT growth | 34.6% | 4462.3% | -98.9% | 2870.7% | -13.7% | 19.2% | 0.9% | |
EBIT margin | 11.6% | 10.6% | 0.3% | 25.0% | 1.2% | 5.0% | 28.6% | 33.8% |
Non-recurring items [+] | -4.3 | 11.1 | -38.9 | 74.8 | | | | |
Asset impairment | | 15.2 | 1.4 | 74.8 | | | | |
Interest expense | 298.1 | 249.2 | 262.0 | 310.3 | 167.8 | 86.2 | 8.1 | 5.7 |
Interest expense | 298.1 | 249.2 | 262.0 | 310.3 | 167.8 | 86.2 | 8.1 | 5.7 |
Other income (expense), net [+] | -10.0 | 13.6 | -34.7 | -19.7 | -59.1 | -6.8 | 0.8 | |
Acquisition-related costs | 3.8 | 7.7 | | 2.7 | 49.9 | 10.2 | | |
Gain (loss) on debt retirement | -27.0 | -1.5 | -81.1 | -1.1 | -16.2 | -7.6 | | |
Gain (loss) on foreign currency transactions | -12.7 | -11.0 | -6.1 | 13.0 | 19.5 | 14.0 | -0.8 | |
Other | | | | 2.2 | 7.4 | 0.4 | | |
Pre-tax income | -194.7 | -165.6 | -255.9 | -241.0 | -221.4 | -86.6 | -2.0 | -0.4 |
Income taxes | 11.9 | -12.3 | -19.6 | 2.7 | -13.2 | -4.7 | -0.1 | -1.3 |
Tax rate | | 7.4% | 7.7% | | 6.0% | 5.4% | 4.4% | 322.3% |
Minority interest | | | | -126.7 | -138.4 | -44.5 | | |
Net income | -148.7 | 12.4 | -160.2 | -123.5 | -79.9 | -25.6 | 0.0 | 0.9 |
Net margin | -15.8% | 1.6% | -26.2% | -18.9% | -17.0% | -20.1% | 0.0% | 5.6% |
|
Basic EPS [+] | ($0.70) | $0.07 | ($1.54) | ($1.36) | ($1.21) | ($0.87) | | |
Growth | -1126.2% | -104.4% | 13.4% | 12.2% | 40.1% | | | |
Diluted EPS [+] | ($0.70) | $0.07 | ($1.54) | ($1.36) | ($1.21) | ($0.87) | | |
Growth | -1126.2% | -104.4% | 13.4% | 12.2% | 40.1% | | | |
|
Dividends per share [+] | $0.81 | $0.76 | $1.94 | | $1.35 | $0.24 | | |
Growth | 6.0% | -60.8% | | -100.0% | 449.8% | | | |
|
Shares outstanding (basic) [+] | 213.3 | 182.2 | 103.9 | 90.8 | 65.9 | 29.6 | | |
Growth | 17.0% | 75.5% | 14.4% | 37.8% | 122.6% | | | |
Shares outstanding (diluted) [+] | 213.3 | 182.2 | 103.9 | 90.8 | 65.9 | 29.6 | | |
Growth | 17.0% | 75.5% | 14.4% | 37.8% | 122.6% | | | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |