Financial Summary (All financials)
In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
Revenues | 3,813.4 | 3,265.3 | 3,036.2 | 3,363.7 | 2,341.5 |
Revenue growth | 16.8% | 7.5% | -9.7% | 43.7% | |
Cost of goods sold | 6,838.5 | 3,015.0 | 2,724.0 | 2,995.6 | 2,062.2 |
Gross profit | -3,025.2 | 250.3 | 312.2 | 368.1 | 279.3 |
Gross margin | -79.3% | 7.7% | 10.3% | 10.9% | 11.9% |
Sales and marketing | 120.3 | 101.5 | 91.4 | 52.2 | 38.8 |
General and administrative | 82.1 | 63.3 | 54.3 | 37.8 | 31.9 |
EBITA | 158.4 | 90.1 | 169.7 | 278.3 | 208.9 |
EBITA margin | 4.2% | 2.8% | 5.6% | 8.3% | 8.9% |
Amortization of intangibles | 3.6 | 3.1 | 1.8 | 0.2 | 0.2 |
EBIT | 154.8 | 87.0 | 167.9 | 278.1 | 208.7 |
EBIT margin | 4.1% | 2.7% | 5.5% | 8.3% | 8.9% |
Pre-tax income | 10.6 | -6.0 | 100.4 | 224.5 | 179.2 |
Income taxes | -42.5 | 12.2 | 33.3 | 63.1 | 50.0 |
Tax rate | | | 33.2% | 28.1% | 27.9% |
Net income | 27.8 | -5.5 | 67.9 | 161.4 | 128.7 |
Net margin | 0.7% | -0.2% | 2.2% | 4.8% | 5.5% |
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Diluted EPS | $0.46 | ($0.09) | $1.15 | $3.78 | $3.23 |
Shares outstanding (diluted) | 60.6 | 58.9 | 58.9 | 42.7 | 39.9 |
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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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