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In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
CPE | 1,837.0 | 2,448.4 | 611.4 | 382.4 | | | | |
Network & Cloud | 1,637.5 | 1,193.0 | 742.3 | 703.0 | | | | |
N&C | 450.7 | 1,193.0 | 742.3 | 703.0 | | | | |
Broadband Communications Systems | | | | | 841.2 | 852.9 | 822.8 | 859.2 |
Other | 1,397.7 | | | | 246.3 | 255.0 | 321.7 | 133.0 |
Total revenues [+] | 5,322.9 | 3,620.9 | 1,353.7 | 1,088.7 | 1,087.5 | 1,107.8 | 1,144.6 | 992.2 |
Products | | | | | 963.8 | 998.7 | 1,064.8 | |
Services | | | | | 123.7 | 109.1 | 79.7 | |
Revenue growth [+] | 47.0% | 167.5% | 24.3% | 0.1% | -1.8% | -3.2% | 15.4% | 11.3% |
CPE | -25.0% | 300.4% | 59.9% | | | | | |
Network & Cloud | 37.3% | 60.7% | 5.6% | | | | | |
N&C | -62.2% | 60.7% | 5.6% | | | | | |
Broadband Communications Systems | | | | | -1.4% | 3.7% | -4.2% | 12.1% |
Media & Communications Systems | | | | | -1.8% | 1769.1% | 2384.1% | 59.1% |
Cost of goods sold [+] | 3,740.4 | 2,598.2 | 891.1 | 678.2 | 663.4 | 645.0 | 751.4 | 718.3 |
Cost of product sales | | | | | 604.9 | 594.1 | 709.7 | |
Cost of services | | | | | 58.6 | 50.9 | 41.8 | |
Gross profit | 1,582.5 | 1,022.7 | 462.6 | 410.5 | 424.1 | 462.8 | 393.1 | 273.9 |
Gross margin | 29.7% | 28.2% | 34.2% | 37.7% | 39.0% | 41.8% | 34.3% | 27.6% |
Selling, general and administrative | 410.6 | 338.3 | 161.3 | 148.8 | 137.7 | 148.4 | 144.0 | 99.9 |
Research and development | 556.6 | 425.8 | 170.7 | 146.5 | 140.5 | 124.6 | 112.5 | 71.2 |
Other operating expenses | 236.5 | 193.6 | 30.3 | 33.6 | 36.0 | 37.4 | 44.2 | 2.3 |
EBITDA [+] | 694.6 | 320.2 | 158.5 | 139.4 | 168.8 | 210.7 | 157.5 | 113.6 |
EBITDA growth | 116.9% | 102.0% | 13.7% | -17.4% | -19.9% | 33.8% | 38.6% | 4.6% |
EBITDA margin | 13.0% | 8.8% | 11.7% | 12.8% | 15.5% | 19.0% | 13.8% | 11.5% |
Depreciation | 79.0 | 61.5 | 28.0 | 24.1 | 22.9 | 20.8 | 20.9 | 10.9 |
EBITA | 615.6 | 258.7 | 130.5 | 115.2 | 145.9 | 189.8 | 136.6 | 102.8 |
EBITA margin | 11.6% | 7.1% | 9.6% | 10.6% | 13.4% | 17.1% | 11.9% | 10.4% |
Amortization of intangibles | 236.8 | 193.6 | 30.3 | 33.6 | 36.0 | 37.4 | 44.2 | 2.3 |
EBIT [+] | 378.8 | 65.0 | 100.2 | 81.6 | 110.0 | 152.4 | 92.4 | 100.5 |
EBIT growth | 482.5% | -35.1% | 22.9% | -25.8% | -27.9% | 65.0% | -8.1% | 2.3% |
EBIT margin | 7.1% | 1.8% | 7.4% | 7.5% | 10.1% | 13.8% | 8.1% | 10.1% |
Non-recurring items [+] | 37.5 | 83.0 | 13.0 | 96.2 | 0.1 | 3.7 | 210.5 | 6.6 |
Asset impairment | | | | 88.6 | | | 209.3 | |
Interest expense, net [+] | 60.3 | 65.0 | 14.6 | 13.8 | 16.0 | 16.3 | 9.9 | -8.6 |
Interest expense | 62.9 | 67.9 | 17.8 | 16.9 | 18.0 | 17.7 | 17.1 | 16.2 |
Interest income | 2.6 | 2.9 | 3.2 | 3.2 | 2.0 | 1.4 | 7.2 | 24.8 |
Other income (expense), net [+] | -41.8 | -13.2 | 1.6 | -0.1 | 0.7 | 2.1 | 0.7 | 27.0 |
Gain (loss) on investments | -11.0 | -2.7 | 1.4 | 1.6 | -0.4 | -0.7 | 0.7 | |
Gain (loss) on debt retirement | | | | 0.0 | -0.4 | -4.2 | | |
Gain (loss) on foreign currency transactions | 2.6 | -3.5 | 0.8 | -0.6 | 0.0 | 3.4 | -0.4 | |
Other | -28.2 | -14.0 | 1.0 | 0.9 | -0.1 | 0.7 | -1.0 | |
Pre-tax income | 239.2 | -96.2 | 74.3 | -28.5 | 94.6 | 134.6 | -127.3 | 129.5 |
Income taxes | -88.0 | -47.4 | 20.8 | -10.8 | 30.5 | 43.8 | 2.4 | 37.4 |
Tax rate | | 49.3% | 28.0% | 38.1% | 32.2% | 32.6% | | 28.9% |
Net income | 327.2 | -48.8 | 53.5 | -17.7 | 64.1 | 90.8 | -129.6 | 92.3 |
Net margin | 6.1% | -1.3% | 3.9% | -1.6% | 5.9% | 8.2% | -11.3% | 9.3% |
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Basic EPS [+] | $2.27 | ($0.37) | $0.47 | ($0.15) | $0.51 | $0.73 | ($1.04) | $0.83 |
Growth | -713.4% | -178.9% | -418.6% | -128.7% | -29.6% | -170.1% | -224.9% | -37.2% |
Diluted EPS [+] | $2.21 | ($0.37) | $0.46 | ($0.15) | $0.50 | $0.71 | ($1.04) | $0.82 |
Growth | -697.3% | -180.5% | -412.1% | -129.4% | -29.5% | -168.3% | -227.3% | -37.2% |
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Shares outstanding (basic) [+] | 144.4 | 132.0 | 114.2 | 120.2 | 125.2 | 124.7 | 124.9 | 110.8 |
Growth | 9.4% | 15.6% | -5.0% | -4.0% | 0.4% | -0.1% | 12.7% | 3.3% |
Shares outstanding (diluted) [+] | 148.3 | 132.0 | 116.5 | 120.2 | 128.3 | 128.1 | 124.9 | 113.0 |
Growth | 12.4% | 13.3% | -3.0% | -6.3% | 0.1% | 2.6% | 10.5% | 3.2% |
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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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