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-31-06 |
Revenues | 2,163.0 | 2,108.3 | 1,583.9 | 1,030.9 | 880.7 | 768.2 | 665.1 | 212.9 |
Revenue growth | 2.6% | 33.1% | 53.6% | 17.1% | 14.6% | 15.5% | | 10.0% |
Cost of goods sold | 493.4 | 452.0 | 414.1 | 354.7 | 335.4 | 290.3 | 271.1 | 79.4 |
Gross profit | 1,669.5 | 1,656.3 | 1,169.7 | 676.2 | 545.3 | 477.9 | 394.0 | 133.4 |
Gross margin | 77.2% | 78.6% | 73.9% | 65.6% | 61.9% | 62.2% | 59.2% | 62.7% |
Sales and marketing | 628.0 | 700.0 | 408.9 | 247.1 | 230.4 | 228.9 | 160.4 | 170.0 |
Research and development | 372.8 | 345.9 | 267.4 | 216.2 | 209.8 | 192.3 | 146.3 | 19.6 |
General and administrative | 298.4 | 120.2 | 104.9 | 99.5 | 92.9 | 83.0 | 64.7 | 27.2 |
EBITA | 36.8 | 395.9 | 254.1 | -9.5 | 7.5 | -84.6 | 47.6 | 36.7 |
EBITA margin | 1.7% | 18.8% | 16.0% | -0.9% | 0.9% | -11.0% | 7.2% | 17.3% |
Amortization of intangibles | 8.5 | 9.1 | 4.6 | 1.9 | 3.6 | 3.4 | 0.6 | 1.8 |
EBIT | 28.3 | 386.8 | 249.5 | -11.4 | 4.0 | -88.0 | 47.0 | 34.9 |
EBIT margin | 1.3% | 18.3% | 15.8% | -1.1% | 0.4% | -11.5% | 7.1% | 16.4% |
Pre-tax income | 255.2 | 555.4 | 424.2 | 304.5 | 46.1 | 168.7 | 58.4 | 44.0 |
Income taxes | 146.5 | 129.1 | 74.7 | 27.2 | 10.4 | 7.0 | 14.6 | 4.1 |
Tax rate | 57.4% | 23.2% | 17.6% | 8.9% | 22.6% | 4.1% | 25.0% | 9.2% |
Net income | -70.5 | 125.6 | 156.6 | 225.1 | 25.7 | 176.8 | 45.1 | 39.9 |
Net margin | -3.3% | 6.0% | 9.9% | 21.8% | 2.9% | 23.0% | 6.8% | 18.8% |
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Diluted EPS | ($1.01) | $1.73 | $2.12 | $2.90 | $0.42 | $2.47 | $0.67 | $0.74 |
Shares outstanding (diluted) | 69.6 | 72.4 | 73.9 | 77.5 | 60.6 | 71.6 | 67.1 | 53.7 |
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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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