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 |
Revenues | -37.1 | 92.5 | -9.6 | 0.1 | 0.1 |
Revenue growth | -140.1% | -1063.5% | -9700.0% | 0.0% | |
Cost of goods sold | 0.0 | 966.4 | 0.0 | 0.0 | 0.0 |
Gross profit | -37.1 | -873.9 | -9.6 | 0.1 | 0.1 |
Gross margin | 100.0% | -944.8% | 100.0% | 85.5% | 85.4% |
Selling, general and administrative | 57.4 | 15.1 | 0.3 | 0.0 | 0.0 |
EBIT | 502.7 | 150.9 | -6.0 | 0.1 | 0.1 |
EBIT margin | -1355.0% | 163.1% | 62.5% | 63.4% | 57.5% |
Pre-tax income | -849.6 | -570.9 | -22.5 | 0.0 | 0.0 |
Income taxes | 708.1 | -66.8 | -13.2 | 0.0 | 0.0 |
Tax rate | | 11.7% | 58.7% | 19.3% | 23.6% |
Earnings from continuing ops | -787.9 | -1,278.3 | -9.4 | 0.0 | 0.0 |
Earnings from discontinued ops | 69.6 | -13.1 | 319.5 | | 0.1 |
Net income | -174.5 | 25.1 | 310.1 | 0.0 | 0.2 |
Net margin | 470.4% | 27.1% | -3230.2% | 12.1% | 155.5% |
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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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