Financial Summary (All financials)
In millions, except per share items | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 |
Revenues | 126.2 | 208.9 | 100.1 | 59.8 | 25.8 | 8.5 | 3.7 | 1,657.0 |
Revenue growth | -39.6% | 108.7% | 67.5% | 131.2% | 204.7% | 131.4% | -99.8% | 431.6% |
Cost of goods sold | 7.5 | 32.9 | 18.3 | 10.1 | 5.9 | 2.6 | 1.4 | 712.0 |
Gross profit | 118.7 | 175.9 | 81.8 | 49.7 | 20.0 | 5.9 | 2.2 | 945.0 |
Gross margin | 94.0% | 84.2% | 81.7% | 83.1% | 77.3% | 69.3% | 61.3% | 57.0% |
General and administrative | 13.5 | 13.6 | 7.8 | 3.6 | 1.4 | 0.9 | 0.8 | 248.0 |
EBIT | 66.3 | 132.6 | 56.0 | 38.2 | 15.8 | 4.0 | 1.1 | 569.1 |
EBIT margin | 52.5% | 63.5% | 56.0% | 63.8% | 61.2% | 47.0% | 30.2% | 34.3% |
Pre-tax income | 67.1 | 132.7 | 55.5 | 37.2 | 15.1 | 2.5 | 0.7 | -395.3 |
Income taxes | 24.8 | 49.1 | 21.1 | 14.0 | 5.6 | 0.0 | 0.0 | -798.0 |
Tax rate | 37.0% | 37.0% | 37.9% | 37.5% | 37.3% | 0.0% | 0.0% | 201.9% |
Net income | 42.3 | 83.6 | 34.4 | 23.3 | 9.5 | 2.5 | 0.7 | -395.3 |
Net margin | 33.5% | 40.0% | 34.4% | 38.9% | 36.6% | 28.9% | 18.3% | -23.9% |
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Diluted EPS | $1.09 | $2.20 | $1.02 | $0.77 | $0.38 | $0.14 | $0.05 | ($0.09) |
Shares outstanding (diluted) | 38.8 | 38.0 | 33.8 | 30.2 | 24.9 | 17.5 | 13.4 | 4,392.5 |
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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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