Financial Summary (All financials)
In millions, except per share items | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 |
Revenues | 172.0 | 211.8 | 304.7 | 276.7 | 309.5 | 295.2 | 244.6 | 221.8 |
Revenue growth | -18.8% | -30.5% | 10.1% | -10.6% | 4.8% | 20.7% | 10.3% | 16.1% |
Cost of goods sold | 44.9 | 49.5 | 69.8 | 59.4 | 45.1 | 57.6 | 37.1 | 36.2 |
Gross profit | 127.2 | 162.3 | 234.9 | 217.3 | 264.4 | 237.6 | 207.4 | 185.6 |
Gross margin | 73.9% | 76.6% | 77.1% | 78.5% | 85.4% | 80.5% | 84.8% | 83.7% |
Selling, general and administrative | 107.9 | 151.5 | 195.7 | 174.0 | 167.8 | 171.4 | 123.9 | 120.7 |
Research and development | 43.9 | 40.7 | 70.2 | 57.7 | 68.1 | 73.5 | 59.9 | 46.1 |
EBITA | -28.5 | -41.5 | -54.8 | -35.0 | 18.7 | -21.9 | 20.2 | 18.1 |
EBITA margin | -16.6% | -19.6% | -18.0% | -12.6% | 6.0% | -7.4% | 8.3% | 8.2% |
Amortization of intangibles | | | | | | 18.1 | 1.1 | 0.3 |
EBIT | -28.5 | -41.5 | -54.8 | -35.0 | 18.7 | -39.9 | 19.1 | 17.8 |
EBIT margin | -16.6% | -19.6% | -18.0% | -12.6% | 6.0% | -13.5% | 7.8% | 8.0% |
Pre-tax income | -203.8 | -39.2 | -49.4 | -25.4 | 20.4 | -36.6 | 23.1 | 29.0 |
Income taxes | 0.6 | 2.2 | 2.5 | 4.4 | 9.0 | 4.0 | 5.7 | 5.8 |
Tax rate | | | | | 44.3% | | 24.8% | 20.2% |
Earnings from continuing ops | -204.4 | -41.4 | -52.0 | -29.8 | 11.4 | -40.5 | 17.4 | 23.1 |
Earnings from discontinued ops | -11.4 | -17.8 | | | | | | |
Net income | -215.7 | -59.2 | -52.0 | -29.8 | 11.4 | -40.5 | 17.4 | 23.1 |
Net margin | -125.4% | -28.0% | -17.1% | -10.8% | 3.7% | -13.7% | 7.1% | 10.4% |
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Diluted EPS | ($2.81) | ($0.57) | ($0.67) | ($0.38) | $0.14 | ($0.51) | $0.23 | $0.31 |
Shares outstanding (diluted) | 72.8 | 72.9 | 77.1 | 77.6 | 82.1 | 80.2 | 74.8 | 74.1 |
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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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