In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 |
Revenues | 381.8 | 325.8 | 267.4 | 267.0 | 301.5 | 319.7 | 302.9 | 292.6 |
Revenue growth | 17.2% | 21.8% | 0.2% | -11.4% | -5.7% | 5.6% | 3.5% | 1.6% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 107.2 | 107.1 | 98.7 | 97.7 |
Gross profit | 381.8 | 325.8 | 267.4 | 267.0 | 194.2 | 212.6 | 204.2 | 194.8 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 64.4% | 66.5% | 67.4% | 66.6% |
General and administrative | 28.3 | 23.7 | 20.3 | 19.4 | 18.3 | 17.4 | 16.5 | 15.3 |
EBITA | -78.4 | -69.9 | -81.2 | -77.4 | 88.9 | 99.8 | 105.5 | 104.4 |
EBITA margin | -20.5% | -21.4% | -30.4% | -29.0% | 29.5% | 31.2% | 34.8% | 35.7% |
Amortization of intangibles | 7.1 | 4.4 | 0.3 | 0.0 | 0.5 | | | |
EBIT | -85.6 | -74.3 | -81.5 | -77.4 | 88.4 | 99.8 | 105.5 | 104.4 |
EBIT margin | -22.4% | -22.8% | -30.5% | -29.0% | 29.3% | 31.2% | 34.8% | 35.7% |
Pre-tax income | -5.2 | -3.6 | -9.9 | -0.5 | 4.6 | 16.8 | 40.0 | -77.2 |
Income taxes | -1.0 | -1.6 | -29.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 20.0% | 42.7% | 297.1% | | 0.1% | 0.0% | 0.0% | 0.0% |
Earnings from continuing ops | -38.5 | -31.4 | -34.3 | -17.2 | -12.0 | 16.8 | 40.0 | -17.4 |
Earnings from discontinued ops | 0.5 | 1.0 | 29.3 | 0.8 | -0.8 | | | -77.2 |
Net income | -38.0 | -30.5 | -5.0 | -16.4 | -12.9 | 16.8 | 40.0 | -94.6 |
Net margin | -10.0% | -9.4% | -1.9% | -6.1% | -4.3% | 5.2% | 13.2% | -32.3% |
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Diluted EPS | ($0.26) | ($0.23) | ($0.32) | ($0.22) | ($0.24) | $0.44 | $1.07 | ($0.48) |
Shares outstanding (diluted) | 146.8 | 137.6 | 107.1 | 78.7 | 49.5 | 37.8 | 37.3 | 36.6 |
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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. |