Financial Summary (All financials)
In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
Revenues | 666.9 | 725.6 | 763.9 | 890.4 | 993.6 | 914.1 | 905.1 | 1,343.6 |
Revenue growth | -8.1% | -5.0% | -14.2% | -10.4% | 8.7% | 1.0% | -32.6% | 1.5% |
Cost of goods sold | 325.9 | 394.9 | 363.3 | 408.3 | 480.4 | 490.8 | 463.7 | 543.3 |
Gross profit | 341.0 | 330.7 | 400.7 | 482.1 | 513.2 | 423.3 | 441.4 | 800.4 |
Gross margin | 51.1% | 45.6% | 52.4% | 54.1% | 51.7% | 46.3% | 48.8% | 59.6% |
Sales and marketing | 119.2 | 139.5 | 163.2 | 188.3 | 189.9 | 222.6 | 209.7 | 291.2 |
General and administrative | 180.0 | 201.4 | 199.8 | 226.6 | 224.9 | 242.8 | 231.3 | 282.7 |
EBIT | 41.9 | -10.3 | 37.7 | 71.4 | 97.2 | -39.2 | 4.8 | 218.6 |
EBIT margin | 6.3% | -1.4% | 4.9% | 8.0% | 9.8% | -4.3% | 0.5% | 16.3% |
Pre-tax income | 4.2 | -333.2 | 11.7 | 26.3 | 90.8 | -43.9 | -14.6 | 187.2 |
Income taxes | -8.5 | -39.8 | 19.3 | -33.0 | 23.5 | -14.4 | -37.9 | 64.9 |
Tax rate | | 11.9% | 165.3% | | 25.9% | 32.8% | 258.8% | 34.7% |
Earnings from continuing ops | 9.1 | -299.0 | -8.7 | 58.2 | 66.1 | -32.4 | 18.9 | 114.5 |
Earnings from discontinued ops | 64.5 | 9.7 | 8.2 | -316.9 | -12.3 | | | |
Net income | 73.6 | -289.3 | -0.5 | -258.7 | 53.8 | -32.4 | 18.9 | 124.8 |
Net margin | 11.0% | -39.9% | -0.1% | -29.1% | 5.4% | -3.5% | 2.1% | 9.3% |
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Diluted EPS | $0.10 | ($3.40) | ($0.08) | $0.51 | $0.53 | ($0.27) | $0.16 | $0.94 |
Shares outstanding (diluted) | 94.9 | 88.0 | 107.9 | 114.0 | 123.9 | 120.6 | 121.2 | 121.2 |
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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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