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 | 1,448.2 | 1,274.8 | 1,290.4 | 1,201.7 | 999.2 | 1,110.7 | 1,050.8 | 599.8 |
Revenue growth | 13.6% | -1.2% | 7.4% | 20.3% | -10.0% | 5.7% | 75.2% | 57.2% |
Cost of goods sold | 1,228.8 | 1,055.2 | 1,053.8 | 954.7 | 817.8 | 888.2 | 827.4 | 456.0 |
Gross profit | 219.4 | 219.6 | 236.7 | 247.0 | 181.4 | 222.5 | 223.4 | 143.8 |
Gross margin | 15.1% | 17.2% | 18.3% | 20.6% | 18.2% | 20.0% | 21.3% | 24.0% |
Sales and marketing | 1.5 | 10.1 | 3.2 | 1.4 | 1.5 | 0.7 | 0.2 | 0.3 |
Research and development | 50.3 | 60.6 | 36.8 | 48.0 | 21.1 | 29.4 | 21.3 | 21.6 |
General and administrative | 35.4 | 37.0 | 38.5 | 30.0 | 23.8 | 20.6 | 16.3 | 10.1 |
EBIT | 69.4 | 112.0 | 158.2 | 167.7 | 135.0 | 171.7 | 185.6 | 111.9 |
EBIT margin | 4.8% | 8.8% | 12.3% | 14.0% | 13.5% | 15.5% | 17.7% | 18.7% |
Pre-tax income | 17.1 | 76.0 | 122.1 | 119.0 | 102.0 | 139.0 | 180.5 | 115.4 |
Income taxes | 14.0 | 7.7 | 90.5 | 17.4 | 18.2 | 18.3 | 46.7 | 29.5 |
Tax rate | 82.1% | 10.1% | 74.1% | 14.6% | 17.9% | 13.1% | 25.9% | 25.6% |
Net income | 3.1 | 68.3 | 31.6 | 101.6 | 83.7 | 120.8 | 133.8 | 85.9 |
Net margin | 0.2% | 5.4% | 2.5% | 8.5% | 8.4% | 10.9% | 12.7% | 14.3% |
|
Diluted EPS | $0.06 | $1.36 | $0.64 | $2.06 | $1.70 | $2.47 | $2.80 | $1.81 |
Shares outstanding (diluted) | 55.2 | 50.3 | 49.6 | 49.4 | 49.2 | 48.8 | 47.8 | 47.5 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|