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-31-12 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Qsymia—Net product revenue | | | | | | | | 2.0 |
Total revenues [+] | 69.8 | 65.1 | 65.4 | 124.3 | 95.4 | 114.2 | 81.1 | 2.0 |
Royalties | | | | | 2.6 | 3.8 | | |
Products | | | | | 54.6 | 45.3 | 23.7 | 2.0 |
License and services | | | | | 11.6 | 38.6 | 55.8 | |
Revenue growth | 7.2% | -0.5% | -47.4% | 30.2% | -16.4% | 40.8% | 3929.9% | |
Cost of goods sold | 15.7 | 14.6 | 16.6 | 9.9 | 34.2 | 33.4 | 4.9 | 0.2 |
Gross profit | 54.1 | 50.4 | 48.7 | 114.4 | 61.3 | 80.8 | 76.2 | 1.8 |
Gross margin | 77.5% | 77.5% | 74.5% | 92.1% | 64.2% | 70.8% | 94.0% | 90.7% |
Selling, general and administrative [+] | 40.0 | 37.9 | 40.1 | 52.4 | 79.4 | 111.5 | 158.2 | 109.7 |
Sales and marketing | 18.0 | 14.0 | 16.6 | | | | | |
General and administrative | 22.1 | 24.0 | 23.5 | | | | | |
Research and development | 10.5 | 7.3 | 5.3 | 5.6 | 10.1 | 13.8 | 29.7 | 32.1 |
Other operating expenses | | | | 0.7 | | | | |
EBITDA [+] | 3.7 | 5.4 | 3.6 | 56.8 | -26.8 | -43.4 | -109.5 | -139.6 |
EBITDA growth | -30.8% | 49.7% | -93.7% | -311.6% | -38.2% | -60.3% | -21.6% | 197.3% |
EBITDA margin | 5.4% | 8.3% | 5.5% | 45.7% | -28.1% | -38.0% | -135.1% | -6940.1% |
Depreciation | 0.2 | 0.2 | 0.3 | 0.4 | 1.4 | 1.1 | 1.0 | 0.3 |
EBITA | 3.6 | 5.2 | 3.3 | 56.4 | -28.2 | -44.5 | -110.5 | -139.9 |
EBITA margin | 5.1% | 7.9% | 5.1% | 45.4% | -29.6% | -39.0% | -136.3% | -6953.5% |
Amortization of intangibles | 14.6 | 8.6 | 0.5 | 0.7 | | | | |
EBIT [+] | -11.0 | -3.5 | 2.8 | 55.7 | -28.2 | -44.5 | -110.5 | -139.9 |
EBIT growth | 215.3% | -224.6% | -95.0% | -297.4% | -36.6% | -59.7% | -21.0% | 197.2% |
EBIT margin | -15.7% | -5.3% | 4.3% | 44.8% | -29.6% | -39.0% | -136.3% | -6953.5% |
Non-recurring items [+] | | | | | 32.1 | 6.2 | 44.1 | |
Asset impairment | | | | | 32.1 | 6.2 | 42.9 | |
Interest expense | 20.7 | 33.9 | 33.2 | 32.9 | 33.3 | 32.5 | 19.5 | 0.2 |
Interest expense | 20.7 | 33.9 | 33.2 | 32.9 | 33.3 | 32.5 | 19.5 | 0.2 |
Other income (expense), net [+] | 0.2 | 0.5 | -0.1 | 0.6 | 0.5 | 0.0 | -0.7 | 0.4 |
Gain (loss) on debt retirement | | 1.4 | | | | | | |
Other | 0.2 | -1.0 | -0.1 | 0.6 | 0.5 | 0.0 | -0.7 | -0.2 |
Pre-tax income | -31.5 | -36.9 | -30.5 | 23.4 | -93.1 | -83.3 | -174.8 | -139.7 |
Income taxes | 0.0 | 0.1 | 0.0 | 0.1 | 0.0 | -0.6 | 0.1 | 0.0 |
Tax rate | | | | 0.3% | | 0.8% | | |
Net income | -31.5 | -37.0 | -30.5 | 23.3 | -93.1 | -82.6 | -174.5 | -139.9 |
Net margin | -45.2% | -56.8% | -46.7% | 18.8% | -97.6% | -72.4% | -215.2% | -6952.3% |
|
Basic EPS [+] | ($2.96) | ($3.48) | ($2.89) | $2.23 | ($0.90) | ($0.80) | ($1.73) | ($1.42) |
Growth | -14.9% | 20.6% | -229.3% | -349.2% | 12.1% | -53.8% | 21.6% | 155.1% |
Diluted EPS [+] | ($2.96) | ($3.48) | ($2.89) | $2.22 | ($0.90) | ($0.80) | ($1.73) | ($1.42) |
Growth | -14.9% | 20.6% | -230.0% | -347.8% | 12.1% | -53.8% | 21.6% | 155.1% |
|
Shares outstanding (basic) [+] | 10.6 | 10.6 | 10.6 | 10.4 | 103.9 | 103.5 | 101.2 | 98.3 |
Growth | 0.2% | 0.4% | 1.3% | -90.0% | 0.5% | 2.3% | 2.9% | 16.5% |
Shares outstanding (diluted) [+] | 10.6 | 10.6 | 10.6 | 10.5 | 103.9 | 103.5 | 101.2 | 98.3 |
Growth | 0.2% | 0.4% | 0.7% | -89.9% | 0.5% | 2.3% | 2.9% | 16.5% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |