Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Cost of goods sold | -97.0 | -95.0 | -95.0 | -85.0 | -88.0 | -75.0 | -78.0 | -82.0 |
Gross profit | 97.0 | 95.0 | 95.0 | 85.0 | 88.0 | 75.0 | 78.0 | 82.0 |
Gross margin | | | | | | | | |
Selling, general and administrative | | | | | | | | |
General and administrative | 8.0 | 6.0 | 8.0 | 7.0 | 9.0 | 9.0 | 9.0 | 6.0 |
EBIT | 295.0 | 968.0 | 262.0 | 262.0 | 254.0 | 88.0 | 67.0 | 268.0 |
EBIT margin | | | | | | | | |
Pre-tax income | 297.0 | -164.0 | 264.0 | 264.0 | 60.0 | 0.0 | 0.0 | 229.0 |
Income taxes | -1.0 | 1.0 | 1.0 | 1.0 | 2.0 | 0.0 | 0.0 | 37.0 |
Tax rate | | | 0.4% | 0.4% | 3.3% | | | 16.2% |
Net income | 267.0 | -191.0 | 252.0 | 248.0 | 37.0 | 172.0 | 155.0 | 134.0 |
Net margin | | | | | | | | |
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Diluted EPS | | ($2.68) | $3.64 | $3.77 | $0.58 | $2.74 | $2.63 | $2.50 |
Shares outstanding (diluted) | | 71.3 | 69.2 | 65.7 | 63.9 | 62.7 | 58.9 | 53.5 |
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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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