Financial Summary (All financials)
In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
Revenues | 513.0 | 703.0 | 868.0 | 1,068.0 | -2,697.0 | -2,502.0 | -2,821.0 | -5,069.0 |
Revenue growth | -27.0% | -19.0% | -18.7% | -139.6% | 7.8% | -11.3% | -44.3% | -157.4% |
Cost of goods sold | 175.0 | 226.0 | 233.0 | 265.0 | -227.0 | 209.0 | 289.0 | 779.0 |
Gross profit | 338.0 | 477.0 | 635.0 | 803.0 | -2,470.0 | -2,711.0 | -3,110.0 | -5,848.0 |
Gross margin | 65.9% | 67.9% | 73.2% | 75.2% | 91.6% | 108.4% | 110.2% | 115.4% |
Selling, general and administrative | 23.0 | 73.0 | 29.0 | -54.0 | 0.0 | 0.0 | 0.0 | 274.0 |
EBIT | -931.0 | -980.0 | 454.0 | 1,353.0 | -4,038.0 | -4,938.0 | -4,396.0 | -5,848.0 |
EBIT margin | -181.5% | -139.4% | 52.3% | 126.7% | 149.7% | 197.4% | 155.8% | 115.4% |
Pre-tax income | -814.0 | -865.0 | 771.0 | 1,038.0 | -3,811.0 | -3,757.0 | -4,002.0 | -8,784.0 |
Income taxes | -258.0 | -471.0 | 224.0 | 325.0 | -1,406.0 | -1,431.0 | -1,453.0 | -2,867.0 |
Tax rate | 31.7% | 54.5% | 29.1% | 31.3% | 36.9% | 38.1% | 36.3% | 32.6% |
Net income | -529.0 | -431.0 | 523.0 | 536.0 | -845.0 | -1,408.0 | -1,916.0 | -7,450.0 |
Net margin | -103.1% | -61.3% | 60.3% | 50.2% | 31.3% | 56.3% | 67.9% | 147.0% |
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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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