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 | Dec-31-08 | Dec-31-07 | Dec-31-06 |
Revenues | 892.9 | 829.2 | 896.1 | 878.7 | 654.3 | 573.4 | 475.8 | 401.8 |
Revenue growth | 7.7% | -7.5% | 2.0% | 34.3% | 14.1% | 20.5% | 18.4% | 36.3% |
Cost of goods sold | 635.2 | 591.6 | 574.2 | 527.9 | 445.7 | 387.5 | 324.5 | 277.9 |
Gross profit | 257.7 | 237.6 | 321.9 | 350.8 | 208.6 | 186.0 | 151.3 | 123.9 |
Gross margin | 28.9% | 28.7% | 35.9% | 39.9% | 31.9% | 32.4% | 31.8% | 30.8% |
Selling, general and administrative | 108.4 | 106.6 | 96.8 | 96.1 | 78.4 | 72.6 | 60.9 | 55.2 |
Research and development | 190.0 | 160.5 | 146.9 | 129.2 | 109.4 | 91.5 | 65.4 | 50.3 |
EBITA | -33.9 | -23.0 | 84.4 | 131.4 | 25.0 | 21.4 | 23.8 | 18.4 |
EBITA margin | -3.8% | -2.8% | 9.4% | 15.0% | 3.8% | 3.7% | 5.0% | 4.6% |
Amortization of intangibles | 6.8 | 6.5 | 6.1 | 5.9 | 5.4 | | | |
EBIT | -40.7 | -29.5 | 78.3 | 125.5 | 19.6 | 21.4 | 23.8 | 18.4 |
EBIT margin | -4.6% | -3.6% | 8.7% | 14.3% | 3.0% | 3.7% | 5.0% | 4.6% |
Pre-tax income | -45.1 | -31.9 | 59.0 | 116.5 | 16.7 | 0.0 | 0.0 | 24.5 |
Income taxes | -7.1 | -5.7 | 10.8 | -74.3 | 0.4 | 0.0 | 0.0 | 2.8 |
Tax rate | 15.7% | 17.9% | 18.4% | | 2.4% | | | 11.4% |
Net income | -38.0 | -26.2 | 48.2 | 190.8 | 16.2 | 0.0 | 0.0 | 21.8 |
Net margin | -4.3% | -3.2% | 5.4% | 21.7% | 2.5% | 0.0% | 0.0% | 5.4% |
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Diluted EPS | ($0.24) | ($0.16) | $0.28 | $1.17 | $0.11 | $0.00 | $0.00 | $0.15 |
Shares outstanding (diluted) | 159.3 | 164.4 | 172.5 | 163.5 | 152.3 | 144.5 | 142.5 | 141.2 |
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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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