Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 875.6 | 732.1 | 471.5 | 485.3 | 278.4 | 111.5 | 0.9 | 0.0 |
Revenue growth | 19.6% | 55.3% | -2.9% | 74.3% | 149.7% | 12111.7% | | |
Cost of goods sold | 421.5 | 335.9 | 230.1 | 284.4 | 176.4 | 66.2 | 9.4 | 0.0 |
Gross profit | 454.1 | 396.1 | 241.4 | 200.9 | 102.0 | 45.3 | -8.5 | 0.0 |
Gross margin | 51.9% | 54.1% | 51.2% | 41.4% | 36.6% | 40.6% | -933.4% | |
General and administrative | 34.1 | 32.6 | 26.0 | 26.3 | 21.7 | 15.7 | 9.3 | 0.9 |
EBIT | 293.3 | 256.9 | 146.6 | 110.2 | 46.9 | 18.4 | -52.2 | -0.9 |
EBIT margin | 33.5% | 35.1% | 31.1% | 22.7% | 16.9% | 16.5% | -5714.5% | |
Pre-tax income | 82.0 | -53.7 | -126.4 | -68.5 | -28.6 | 10.8 | -48.0 | 6.8 |
Income taxes | 40.0 | 28.1 | 18.9 | 11.4 | 19.0 | 2.0 | -0.7 | 2.3 |
Tax rate | 48.8% | | | | | 18.2% | 1.4% | 34.0% |
Net income | 42.0 | -81.8 | 0.0 | -80.0 | -47.6 | 8.8 | -47.4 | 4.5 |
Net margin | 4.8% | -11.2% | 0.0% | -16.5% | -17.1% | 7.9% | -5189.3% | |
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Diluted EPS | $0.14 | ($0.27) | | ($0.28) | ($0.19) | $0.07 | ($0.78) | $0.14 |
Shares outstanding (diluted) | 300.0 | 303.1 | | 285.5 | 250.4 | 126.3 | 60.7 | 31.8 |
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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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