Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 1,050.1 | 960.9 | 1,123.4 | 51.1 | 68.0 | 106.5 | 149.2 | 147.2 |
Revenue growth | 9.3% | -14.5% | 2097.3% | -24.8% | -36.2% | -28.6% | 1.4% | -92.8% |
Cost of goods sold | 334.5 | 312.8 | 381.7 | 357.7 | 425.0 | 461.5 | 558.1 | 538.2 |
Gross profit | 715.6 | 648.1 | 741.7 | -306.5 | -357.0 | -355.0 | -409.0 | -391.1 |
Gross margin | 68.1% | 67.4% | 66.0% | -599.6% | -525.3% | -333.3% | -274.2% | -265.7% |
Selling, general and administrative | | | | | | | | |
Research and development | 56.0 | 59.6 | 79.2 | 98.2 | 100.5 | 110.3 | 154.8 | 167.1 |
General and administrative | 81.9 | 106.9 | 102.6 | 165.6 | 229.5 | 305.6 | 276.4 | 326.7 |
EBIT | 159.6 | 23.9 | 289.6 | 91.2 | -29.8 | 172.4 | 328.5 | 478.5 |
EBIT margin | 15.2% | 2.5% | 25.8% | 178.4% | -43.9% | 161.9% | 220.2% | 325.2% |
Pre-tax income | -4.4 | -105.7 | -126.5 | -71.5 | -144.0 | -206.4 | -129.9 | -443.2 |
Income taxes | -22.4 | -65.5 | 15.6 | 0.5 | -15.5 | -7.0 | 116.9 | 26.4 |
Tax rate | 513.6% | 62.0% | | | 10.8% | 3.4% | | |
Earnings from continuing ops | 18.1 | -40.2 | -142.1 | -144.2 | -128.0 | -199.8 | -247.0 | -472.6 |
Earnings from discontinued ops | | | | 1.4 | | | | |
Net income | 18.1 | -40.2 | -142.1 | -142.8 | -128.0 | -199.8 | -247.0 | -472.6 |
Net margin | 1.7% | -4.2% | -12.7% | -279.3% | -188.3% | -187.5% | -165.6% | -321.2% |
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Diluted EPS | $1.93 | ($4.59) | ($15.86) | ($16.18) | ($1.01) | ($1.61) | ($1.97) | ($3.60) |
Shares outstanding (diluted) | 9.4 | 8.7 | 9.0 | 8.9 | 127.1 | 124.0 | 125.3 | 131.4 |
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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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