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 |
Revenues | 1,285.5 | 9,582.5 | 11,504.2 | 15,010.9 | 15,634.6 | 13,220.5 |
Revenue growth | -84.7% | -16.7% | -23.4% | -4.0% | 18.3% | |
Cost of goods sold | 1,238.6 | 8,264.7 | 10,133.6 | 12,411.9 | 14,524.5 | 13,968.1 |
Gross profit | 46.8 | 1,317.8 | 1,370.6 | 2,599.0 | 1,110.1 | -747.7 |
Gross margin | 3.6% | 13.8% | 11.9% | 17.3% | 7.1% | -5.7% |
Sales and marketing | 81.2 | 721.7 | 986.2 | 1,271.7 | 1,240.1 | 1,036.7 |
Research and development | 21.3 | 168.0 | 458.3 | 666.3 | 336.2 | 217.6 |
General and administrative | 60.2 | 620.9 | 603.9 | 714.3 | 863.6 | 933.7 |
EBITA | -138.5 | 629.0 | -489.1 | -246.9 | -1,298.6 | -2,640.4 |
EBITA margin | -10.8% | 6.6% | -4.3% | -1.6% | -8.3% | -20.0% |
Amortization of intangibles | | | 0.3 | 0.4 | 4.5 | 55.2 |
EBIT | -138.5 | 629.0 | -489.4 | -247.3 | -1,303.1 | -2,695.7 |
EBIT margin | -10.8% | 6.6% | -4.3% | -1.6% | -8.3% | -20.4% |
Pre-tax income | -530.3 | -300.8 | -797.7 | -211.4 | -334.3 | -545.4 |
Income taxes | 0.0 | -14.8 | -844.1 | -104.2 | -36.2 | 238.8 |
Tax rate | | 4.9% | 105.8% | 49.3% | 10.8% | |
Net income | -530.4 | -4,872.7 | -6,465.1 | -1,509.3 | -2,265.6 | -3,556.3 |
Net margin | -41.3% | -50.9% | -56.2% | -10.1% | -14.5% | -26.9% |
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Diluted EPS | $0.00 | ($26.81) | ($35.57) | ($8.69) | ($14.47) | ($22.73) |
Shares outstanding (diluted) | 181,763.8 | 181.8 | 181.8 | 173.6 | 156.6 | 156.4 |
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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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