Financial Summary (All financials)
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 |
Revenues | 2,975.1 | 2,106.8 | 1,246.0 | 1,302.7 | 935.6 | 672.6 | -545.7 | -73.6 |
Revenue growth | 41.2% | 69.1% | -4.4% | 39.2% | 39.1% | -223.2% | 641.1% | |
Cost of goods sold | 113.6 | 94.5 | 62.1 | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 2,861.5 | 2,012.3 | 1,183.9 | 1,301.7 | 935.6 | 672.6 | -545.7 | -73.6 |
Gross margin | 96.2% | 95.5% | 95.0% | 99.9% | 100.0% | 100.0% | 100.0% | 100.0% |
General and administrative | 73.9 | 60.9 | 47.2 | 36.4 | 34.0 | 37.3 | 3.3 | 53.7 |
EBIT | 298.9 | -86.0 | 99.9 | 583.4 | 46.6 | 79.9 | -625.2 | -171.2 |
EBIT margin | 10.0% | -4.1% | 8.0% | 44.8% | 5.0% | 11.9% | 114.6% | 232.5% |
Pre-tax income | 227.3 | -93.9 | 68.2 | 295.5 | -40.7 | -21.4 | -604.7 | -140.4 |
Income taxes | -2.4 | -2.3 | 0.2 | 0.0 | 0.0 | -80.1 | 0.0 | 0.0 |
Tax rate | | 2.4% | 0.3% | 0.0% | 0.0% | 373.6% | 0.0% | 0.0% |
Earnings from continuing ops | 93.7 | -165.9 | 52.4 | 597.2 | -36.0 | -26.7 | -604.7 | -140.4 |
Earnings from discontinued ops | | | | -0.1 | 321.2 | 84.1 | 20.5 | 30.8 |
Net income | 93.7 | -165.9 | 52.4 | 597.1 | 285.2 | 57.5 | -604.7 | -140.4 |
Net margin | 3.1% | -7.9% | 4.2% | 45.8% | 30.5% | 8.5% | 110.8% | 190.6% |
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Diluted EPS | $0.95 | ($2.23) | $0.95 | $11.07 | ($0.68) | ($0.55) | | |
Shares outstanding (diluted) | 98.4 | 74.4 | 55.1 | 53.9 | 53.2 | 48.3 | | |
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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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