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 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 1,767.0 | 1,472.0 | 1,557.0 | 2,288.0 | 1,857.0 | 1,562.0 | 1,567.0 | 1,883.0 |
Revenue growth | 20.0% | -5.5% | -31.9% | 23.2% | 18.9% | -0.3% | -16.8% | 40.7% |
Cost of goods sold | 579.0 | 558.0 | 543.0 | 596.0 | 490.0 | 498.0 | 465.0 | 488.0 |
Gross profit | 1,188.0 | 914.0 | 1,014.0 | 1,692.0 | 1,367.0 | 1,064.0 | 1,102.0 | 1,395.0 |
Gross margin | 67.2% | 62.1% | 65.1% | 74.0% | 73.6% | 68.1% | 70.3% | 74.1% |
Selling, general and administrative | 231.0 | 248.0 | 285.0 | 267.0 | 259.0 | 252.0 | | |
General and administrative | 200.0 | 213.0 | 244.0 | 222.0 | 219.0 | 211.0 | 180.0 | 156.0 |
EBIT | 534.0 | 167.0 | 84.0 | 994.0 | 450.0 | -1,354.0 | 515.0 | 624.0 |
EBIT margin | 30.2% | 11.3% | 5.4% | 43.4% | 24.2% | -86.7% | 32.9% | 33.1% |
Pre-tax income | 386.0 | -1,208.0 | -4,947.0 | 1,032.0 | 201.0 | -1,374.0 | 619.0 | 829.0 |
Income taxes | -41.0 | 22.0 | -1,585.0 | 382.0 | 128.0 | -452.0 | 218.0 | 306.0 |
Tax rate | | | 32.0% | 37.0% | 63.7% | 32.9% | 35.2% | 36.9% |
Net income | 427.0 | -1,230.0 | -3,362.0 | 900.0 | 147.0 | -1,184.0 | 539.0 | 523.0 |
Net margin | 24.2% | -83.6% | -215.9% | 39.3% | 7.9% | -75.8% | 34.4% | 27.8% |
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Diluted EPS | $2.14 | ($6.37) | ($21.14) | $4.71 | $0.54 | ($6.83) | $2.97 | $3.90 |
Shares outstanding (diluted) | 200.0 | 193.0 | 159.0 | 138.0 | 136.0 | 135.0 | 135.0 | 134.0 |
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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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