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 | 900.3 | 858.3 | 618.2 | 574.6 | 624.8 | 718.6 | 1,111.8 | 726.3 |
Revenue growth | 4.9% | 38.8% | 7.6% | -8.0% | -13.0% | -35.4% | 53.1% | 110.9% |
Cost of goods sold | 543.2 | 461.3 | 370.1 | 377.9 | 403.8 | 486.5 | 631.7 | 346.2 |
Gross profit | 357.0 | 397.0 | 248.1 | 196.7 | 221.0 | 232.1 | 480.1 | 380.1 |
Gross margin | 39.7% | 46.3% | 40.1% | 34.2% | 35.4% | 32.3% | 43.2% | 52.3% |
Selling, general and administrative | | | | | | | | |
General and administrative | 75.1 | 79.4 | 57.3 | 53.6 | 56.0 | 91.2 | 81.2 | 49.8 |
EBIT | 111.0 | 165.6 | 48.5 | -6.4 | -20.7 | -52.6 | 206.0 | 225.6 |
EBIT margin | 12.3% | 19.3% | 7.8% | -1.1% | -3.3% | -7.3% | 18.5% | 31.1% |
Pre-tax income | -207.6 | -37.8 | -139.7 | -82.4 | -220.0 | -153.9 | -1,155.0 | 195.1 |
Income taxes | 8.5 | -10.9 | -18.7 | -27.7 | -87.9 | -72.8 | -73.2 | 59.1 |
Tax rate | | 29.0% | 13.4% | 33.6% | 40.0% | 47.3% | 6.3% | 30.3% |
Earnings from continuing ops | -216.1 | -26.8 | -127.0 | -76.1 | -132.1 | -81.0 | -1,081.9 | 136.0 |
Earnings from discontinued ops | | -41.3 | | | | | -1.5 | 0.5 |
Net income | -216.1 | -68.1 | -127.0 | -76.1 | -134.6 | -91.7 | 0.0 | 136.5 |
Net margin | -24.0% | -7.9% | -20.5% | -13.2% | -21.5% | -12.8% | 0.0% | 18.8% |
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Diluted EPS | ($1.35) | ($0.17) | ($0.83) | ($0.58) | ($1.15) | ($0.83) | ($12.25) | $2.28 |
Shares outstanding (diluted) | 160.6 | 159.5 | 153.7 | 130.5 | 114.8 | 97.1 | 88.4 | 59.6 |
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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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