Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 835.1 | 1,283.7 | 1,843.2 | 2,137.0 | 1,824.4 | 1,579.3 | 1,392.6 | 939.2 |
Revenue growth | -34.9% | -30.4% | -13.7% | 17.1% | 15.5% | 13.4% | 48.3% | -7.7% |
Cost of goods sold | 682.7 | 685.0 | 779.7 | 1,513.5 | 1,152.3 | 860.9 | 752.2 | 508.1 |
Gross profit | 152.4 | 598.7 | 1,063.5 | 623.5 | 672.1 | 718.4 | 640.4 | 431.2 |
Gross margin | 18.2% | 46.6% | 57.7% | 29.2% | 36.8% | 45.5% | 46.0% | 45.9% |
Selling, general and administrative | 96.1 | 104.6 | 102.2 | 115.8 | 125.8 | 131.4 | 99.7 | 88.3 |
EBIT | -332.6 | 90.4 | 525.5 | 299.4 | -189.3 | 311.6 | 247.9 | 141.9 |
EBIT margin | -39.8% | 7.0% | 28.5% | 14.0% | -10.4% | 19.7% | 17.8% | 15.1% |
Pre-tax income | -399.0 | 99.3 | 325.6 | 157.7 | -269.6 | 261.2 | 183.5 | 130.1 |
Income taxes | -51.6 | 26.6 | 5.0 | 64.4 | -150.7 | 8.7 | -19.8 | -5.7 |
Tax rate | 12.9% | 26.8% | 1.5% | 40.8% | 55.9% | 3.3% | | |
Earnings from continuing ops | -347.4 | 72.7 | 320.6 | 93.3 | -118.9 | 252.6 | 226.0 | -465.4 |
Earnings from discontinued ops | | | | | | | -22.7 | 601.1 |
Net income | -347.4 | 72.7 | 320.6 | 93.3 | -118.9 | 252.6 | 203.3 | 135.7 |
Net margin | -41.6% | 5.7% | 17.4% | 4.4% | -6.5% | 16.0% | 14.6% | 14.5% |
|
Diluted EPS | ($2.74) | $0.57 | $2.54 | $0.75 | ($0.96) | $2.03 | $1.82 | ($3.68) |
Shares outstanding (diluted) | 126.9 | 127.7 | 126.3 | 125.2 | 124.1 | 124.5 | 123.9 | 126.4 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|