Financial Summary (All financials)
In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
Revenues | 244.6 | 220.9 | 169.9 | 194.2 | 113.2 | 78.6 | 195.8 | 235.3 |
Revenue growth | 10.7% | 30.0% | -12.5% | 71.6% | 44.0% | -59.8% | -16.8% | -8.3% |
Cost of goods sold | 67.4 | 63.1 | 49.0 | 42.4 | 36.4 | 37.1 | 34.0 | 26.5 |
Gross profit | 177.1 | 157.8 | 120.9 | 151.9 | 76.8 | 41.6 | 161.8 | 208.8 |
Gross margin | 72.4% | 71.4% | 71.2% | 78.2% | 67.9% | 52.9% | 82.7% | 88.7% |
Selling, general and administrative | 4.4 | 4.0 | 2.8 | 2.8 | 2.9 | 2.7 | 4.0 | 5.0 |
EBITA | -61.8 | -66.0 | -52.8 | -11.6 | -103.8 | -181.9 | -68.0 | 188.2 |
EBITA margin | -25.3% | -29.9% | -31.1% | -6.0% | -91.6% | -231.3% | -34.8% | 80.0% |
Amortization of intangibles | 1.0 | 1.1 | 0.4 | 0.3 | 0.3 | 0.4 | 0.6 | |
EBIT | -62.7 | -67.1 | -53.2 | -11.9 | -104.1 | -182.3 | -68.7 | 188.2 |
EBIT margin | -25.6% | -30.4% | -31.3% | -6.1% | -91.9% | -231.8% | -35.1% | 80.0% |
Pre-tax income | 95.9 | 89.3 | 67.7 | 88.0 | 3.3 | -68.5 | 30.8 | 42.8 |
Income taxes | 34.5 | 30.3 | 22.3 | -4.3 | 33.6 | -33.8 | 10.7 | 16.3 |
Tax rate | 36.0% | 33.9% | 32.9% | | 1020.5% | 49.3% | 34.7% | 38.1% |
Net income | 61.4 | 59.0 | 45.4 | 93.7 | -34.0 | -38.4 | 16.5 | 0.0 |
Net margin | 25.1% | 26.7% | 26.7% | 48.2% | -30.0% | -48.8% | 8.4% | 0.0% |
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Diluted EPS | $0.78 | $0.75 | $0.63 | $1.31 | ($0.61) | ($1.30) | $0.56 | $0.89 |
Shares outstanding (diluted) | 78.8 | 78.6 | 72.0 | 71.4 | 55.7 | 29.5 | 29.4 | 0.0 |
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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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