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 | Jan-31-13 | Dec-31-12 | Jan-31-12 |
Revenues | 1,466.8 | 1,384.8 | 1,164.0 | 920.8 | 600.2 | 427.1 | 389.5 | 274.3 |
Revenue growth | 5.9% | 19.0% | 26.4% | 53.4% | 54.1% | 55.7% | | 99.1% |
Cost of goods sold | 967.1 | 896.4 | 697.5 | 508.0 | 357.1 | 291.0 | 259.7 | 22.8 |
Gross profit | 499.7 | 488.5 | 466.6 | 412.8 | 243.2 | 136.1 | 129.8 | 251.6 |
Gross margin | 34.1% | 35.3% | 40.1% | 44.8% | 40.5% | 31.9% | 33.3% | 91.7% |
Sales and marketing | 492.5 | 490.4 | 397.8 | 277.3 | 169.0 | 107.4 | 94.2 | 65.0 |
Research and development | 154.3 | 140.7 | 84.1 | 53.2 | 31.3 | 18.9 | 16.9 | 13.4 |
General and administrative | 190.7 | 176.2 | 154.6 | 112.4 | 69.3 | 47.5 | 42.7 | 35.4 |
EBITA | -347.8 | -298.3 | -166.6 | -29.4 | -26.4 | -37.7 | -24.1 | -11.0 |
EBITA margin | -23.7% | -21.5% | -14.3% | -3.2% | -4.4% | -8.8% | -6.2% | -4.0% |
Amortization of intangibles | 13.1 | 20.5 | 3.4 | 0.7 | | | | |
EBIT | -360.9 | -318.8 | -170.0 | -30.1 | -26.4 | -37.7 | -24.1 | -11.0 |
EBIT margin | -24.6% | -23.0% | -14.6% | -3.3% | -4.4% | -8.8% | -6.2% | -4.0% |
Pre-tax income | -519.2 | -343.2 | -171.2 | -29.8 | -26.9 | -38.1 | -24.5 | -16.0 |
Income taxes | -0.8 | -0.2 | -1.6 | 0.6 | 0.1 | 0.0 | 0.0 | 0.1 |
Tax rate | 0.2% | 0.1% | 0.9% | | | | 0.0% | |
Net income | -558.6 | -343.0 | -169.7 | -30.4 | -27.0 | -38.1 | -24.5 | -19.9 |
Net margin | -38.1% | -24.8% | -14.6% | -3.3% | -4.5% | -8.9% | -6.3% | -7.2% |
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Diluted EPS | ($2.29) | ($1.49) | ($0.79) | ($0.15) | ($0.15) | ($0.23) | ($0.15) | ($0.19) |
Shares outstanding (diluted) | 243.6 | 230.7 | 213.8 | 205.3 | 181.0 | 168.3 | 168.0 | 106.0 |
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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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