Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 0 | 0 | 0 | 480 | 1,351 | 1,550 |
Revenue growth | | | | -64.5% | -12.8% | |
Cost of goods sold | 0 | 0 | 0 | 454 | 853 | 1,055 |
Gross profit | 0 | 0 | 0 | 26 | 498 | 495 |
Gross margin | | | | 5.4% | 36.9% | 31.9% |
Selling, general and administrative | 0 | 0 | 0 | 59 | 250 | 290 |
Research and development | | | | 193 | 1,165 | 1,065 |
EBIT | 0 | 0 | 0 | -252 | -2,037 | -875 |
EBIT margin | | | | -52.5% | -150.8% | -56.5% |
Pre-tax income | 0 | 0 | 0 | -260 | -2,083 | -901 |
Income taxes | 0 | 0 | 0 | 9 | 11 | 128 |
Net income | 0 | 0 | 0 | -269 | -2,093 | -1,029 |
Net margin | | | | -56.0% | -154.9% | -66.4% |
|
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|