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 | 1,322.0 | 1,300.0 | 1,354.0 | 1,291.0 | 1,068.0 | 735.7 | 446.7 | 361.8 |
Revenue growth | 1.7% | -4.0% | 4.9% | 20.9% | 45.2% | 64.7% | 23.5% | 4.1% |
Cost of goods sold | 557.0 | 575.0 | 572.0 | 526.0 | 420.0 | 301.6 | 190.7 | 157.6 |
Gross profit | 765.0 | 725.0 | 782.0 | 765.0 | 648.0 | 434.2 | 256.1 | 204.2 |
Gross margin | 57.9% | 55.8% | 57.8% | 59.3% | 60.7% | 59.0% | 57.3% | 56.4% |
Sales and marketing | 38.0 | 35.0 | 20.0 | 32.0 | 22.0 | 18.4 | 10.3 | 10.5 |
General and administrative | 211.0 | 183.0 | 154.0 | 142.0 | 98.0 | 64.2 | 30.9 | 24.5 |
EBITA | 516.0 | 507.0 | 608.0 | 591.0 | 528.0 | 351.5 | 214.9 | 169.2 |
EBITA margin | 39.0% | 39.0% | 44.9% | 45.8% | 49.4% | 47.8% | 48.1% | 46.8% |
Amortization of intangibles | 19.0 | 27.0 | 40.0 | 45.0 | 26.0 | 19.5 | 9.4 | 8.8 |
EBIT | 497.0 | 480.0 | 568.0 | 546.0 | 502.0 | 332.1 | 205.5 | 160.4 |
EBIT margin | 37.6% | 36.9% | 41.9% | 42.3% | 47.0% | 45.1% | 46.0% | 44.3% |
Pre-tax income | 302.0 | -824.0 | 423.0 | 239.0 | 262.0 | 212.4 | 120.1 | 133.4 |
Income taxes | 79.0 | -109.0 | 128.0 | 71.0 | 88.0 | 72.1 | 40.7 | 45.0 |
Tax rate | 26.2% | 13.2% | 30.3% | 29.7% | 33.6% | 33.9% | 33.9% | 33.7% |
Net income | 193.0 | -745.0 | 265.0 | 141.0 | 174.0 | 140.4 | 67.3 | 87.3 |
Net margin | 14.6% | -57.3% | 19.6% | 10.9% | 16.3% | 19.1% | 15.1% | 24.1% |
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Diluted EPS | $0.55 | ($2.13) | $0.76 | $0.40 | $0.64 | $0.70 | $0.46 | $0.81 |
Shares outstanding (diluted) | 353.0 | 350.0 | 350.0 | 349.0 | 272.0 | 200.6 | 147.2 | 108.2 |
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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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