In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
Revenues | 74.5 | 85.4 | 54.6 | 58.2 | 34.3 | 14.4 |
Revenue growth | -12.7% | 56.4% | -6.1% | 69.4% | 138.5% | |
Cost of goods sold | 0.0 | 0.0 | 31.3 | 0.0 | 0.0 | 0.0 |
Gross profit | 74.5 | 85.4 | 23.3 | 58.2 | 34.3 | 14.4 |
Gross margin | 100.0% | 100.0% | 42.6% | 100.0% | 100.0% | 100.0% |
General and administrative | 13.3 | 20.3 | 28.9 | 19.2 | 9.0 | 6.7 |
EBITA | 26.1 | 29.4 | -5.4 | 16.5 | 9.0 | 2.0 |
EBITA margin | 35.0% | 34.5% | -9.9% | 28.4% | 26.4% | 13.7% |
Amortization of intangibles | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |
EBIT | 25.9 | 29.2 | -5.6 | 16.3 | 8.9 | 2.0 |
EBIT margin | 34.8% | 34.2% | -10.3% | 28.1% | 25.8% | 13.7% |
Pre-tax income | 1.0 | 1.4 | -53.5 | 3.0 | -18.1 | -3.0 |
Income taxes | 3.5 | 6.5 | 1.5 | 3.2 | 1.4 | 0.4 |
Tax rate | 363.4% | 462.4% | | 108.5% | | |
Earnings from continuing ops | -2.2 | -5.2 | -45.1 | -16.3 | -56.0 | -3.4 |
Earnings from discontinued ops | | 3.9 | -0.3 | 4.2 | 0.1 | |
Net income | -2.2 | -1.2 | -45.4 | -12.1 | -55.9 | -3.4 |
Net margin | -3.0% | -1.5% | -83.1% | -20.8% | -162.8% | -23.5% |
|
Diluted EPS | ($0.01) | ($0.03) | ($0.29) | ($0.11) | ($3.60) | |
Shares outstanding (diluted) | 162.1 | 162.0 | 156.5 | 143.3 | 15.5 | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |