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 | 5,322.9 | 3,620.9 | 1,353.7 | 1,088.7 | 1,087.5 | 1,107.8 | 1,144.6 | 992.2 |
Revenue growth | 47.0% | 167.5% | 24.3% | 0.1% | -1.8% | -3.2% | 15.4% | 11.3% |
Cost of goods sold | 3,740.4 | 2,598.2 | 891.1 | 678.2 | 663.4 | 645.0 | 751.4 | 718.3 |
Gross profit | 1,582.5 | 1,022.7 | 462.6 | 410.5 | 424.1 | 462.8 | 393.1 | 273.9 |
Gross margin | 29.7% | 28.2% | 34.2% | 37.7% | 39.0% | 41.8% | 34.3% | 27.6% |
Selling, general and administrative | 410.6 | 338.3 | 161.3 | 148.8 | 137.7 | 148.4 | 144.0 | 99.9 |
Research and development | 556.6 | 425.8 | 170.7 | 146.5 | 140.5 | 124.6 | 112.5 | 71.2 |
EBITA | 615.6 | 258.7 | 130.5 | 115.2 | 145.9 | 189.8 | 136.6 | 102.8 |
EBITA margin | 11.6% | 7.1% | 9.6% | 10.6% | 13.4% | 17.1% | 11.9% | 10.4% |
Amortization of intangibles | 236.8 | 193.6 | 30.3 | 33.6 | 36.0 | 37.4 | 44.2 | 2.3 |
EBIT | 378.8 | 65.0 | 100.2 | 81.6 | 110.0 | 152.4 | 92.4 | 100.5 |
EBIT margin | 7.1% | 1.8% | 7.4% | 7.5% | 10.1% | 13.8% | 8.1% | 10.1% |
Pre-tax income | 239.2 | -96.2 | 74.3 | -28.5 | 94.6 | 134.6 | -127.3 | 129.5 |
Income taxes | -88.0 | -47.4 | 20.8 | -10.8 | 30.5 | 43.8 | 2.4 | 37.4 |
Tax rate | | 49.3% | 28.0% | 38.1% | 32.2% | 32.6% | | 28.9% |
Net income | 327.2 | -48.8 | 53.5 | -17.7 | 64.1 | 90.8 | -129.6 | 92.3 |
Net margin | 6.1% | -1.3% | 3.9% | -1.6% | 5.9% | 8.2% | -11.3% | 9.3% |
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Diluted EPS | $2.21 | ($0.37) | $0.46 | ($0.15) | $0.50 | $0.71 | ($1.04) | $0.82 |
Shares outstanding (diluted) | 148.3 | 132.0 | 116.5 | 120.2 | 128.3 | 128.1 | 124.9 | 113.0 |
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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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