Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 1,065.9 | 745.9 | 443.6 | 429.2 | 710.2 | 520.2 | 368.2 | 250.6 |
Revenue growth | 42.9% | 68.1% | 3.4% | -39.6% | 36.5% | 41.3% | 46.9% | 34.8% |
Cost of goods sold | 212.2 | 172.4 | 117.8 | 107.7 | 74.2 | 46.8 | 31.5 | 28.3 |
Gross profit | 853.8 | 573.5 | 325.8 | 321.5 | 636.0 | 473.4 | 336.7 | 222.3 |
Gross margin | 80.1% | 76.9% | 73.5% | 74.9% | 89.6% | 91.0% | 91.5% | 88.7% |
General and administrative | 68.6 | 66.2 | 75.0 | 67.2 | 77.0 | 77.5 | 48.7 | 45.2 |
EBIT | 460.5 | 191.5 | 27.7 | -153.9 | 401.2 | 134.6 | 130.0 | 38.2 |
EBIT margin | 43.2% | 25.7% | 6.3% | -35.9% | 56.5% | 25.9% | 35.3% | 15.2% |
Pre-tax income | 409.6 | 91.1 | -675.5 | -1,298.8 | 350.2 | 34.8 | 82.1 | 58.1 |
Income taxes | 5.2 | 4.0 | 0.0 | -140.9 | 127.9 | 12.9 | 31.0 | 25.6 |
Tax rate | 1.3% | 4.4% | 0.0% | 10.8% | 36.5% | 37.1% | 37.7% | 44.0% |
Earnings from continuing ops | 376.1 | 78.5 | -675.5 | -1,157.9 | 222.3 | 21.9 | 51.2 | 28.4 |
Earnings from discontinued ops | | | | 2.7 | 4.1 | 21.8 | 4.3 | 4.1 |
Net income | 376.1 | 78.5 | -675.5 | -1,155.2 | 226.3 | 43.7 | 55.5 | 32.5 |
Net margin | 35.3% | 10.5% | -152.3% | -269.1% | 31.9% | 8.4% | 15.1% | 13.0% |
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Diluted EPS | $4.32 | $1.06 | ($11.27) | ($22.50) | $4.81 | $0.53 | $1.28 | $0.72 |
Shares outstanding (diluted) | 87.1 | 74.0 | 59.9 | 51.5 | 46.2 | 41.4 | 40.0 | 39.7 |
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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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