Financial Summary (All financials)
In millions, except per share items | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 | Dec-31-99 | Dec-31-98 |
Revenues | 684.8 | 400.8 | 239.3 | 186.9 | 185.8 | 182.1 | 177.3 |
Revenue growth | 70.9% | 67.5% | 28.1% | 0.6% | 2.1% | 2.7% | |
Cost of goods sold | 276.0 | 127.0 | 71.6 | 59.7 | 59.1 | 52.8 | 0.0 |
Gross profit | 408.8 | 273.8 | 167.7 | 127.2 | 126.7 | 129.3 | 177.3 |
Gross margin | 59.7% | 68.3% | 70.1% | 68.0% | 68.2% | 71.0% | 100.0% |
General and administrative | 46.5 | 26.1 | 17.4 | 17.4 | 15.7 | 12.4 | 10.0 |
EBIT | 390.6 | 179.1 | 112.2 | 33.4 | 118.7 | 97.0 | 85.6 |
EBIT margin | 57.0% | 44.7% | 46.9% | 17.9% | 63.9% | 53.3% | 48.3% |
Pre-tax income | 232.0 | 115.1 | 50.8 | 21.2 | 57.8 | 45.8 | 39.3 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 23.3 | 18.6 | 16.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 40.4% | 40.6% | 40.8% |
Net income | 188.1 | 87.3 | 48.2 | 21.2 | 0.0 | 27.2 | 23.3 |
Net margin | 27.5% | 21.8% | 20.1% | 11.4% | 0.0% | 15.0% | 13.1% |
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Diluted EPS | $3.58 | $1.98 | $0.00 | $0.83 | $1.47 | $1.17 | $1.00 |
Shares outstanding (diluted) | 52.6 | 44.1 | 38,425.3 | 25.5 | 0.0 | 23.3 | 23.4 |
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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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