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 |
Revenues | 534.7 | 747.7 | 1,263.7 | 1,324.3 | 1,044.7 | 938.0 |
Revenue growth | -28.5% | -40.8% | -4.6% | 26.8% | 11.4% | |
Cost of goods sold | 195.0 | 286.2 | 608.4 | 710.8 | 427.8 | 359.9 |
Gross profit | 339.7 | 461.5 | 655.3 | 613.5 | 616.9 | 578.1 |
Gross margin | 63.5% | 61.7% | 51.9% | 46.3% | 59.1% | 61.6% |
General and administrative | 30.0 | 60.1 | 78.9 | 64.9 | 50.0 | 35.4 |
EBIT | 93.2 | 15.5 | 364.2 | 360.6 | 404.1 | 402.0 |
EBIT margin | 17.4% | 2.1% | 28.8% | 27.2% | 38.7% | 42.9% |
Pre-tax income | -30.2 | -12.7 | -274.4 | 264.5 | 291.3 | 286.2 |
Income taxes | 22.2 | 44.1 | 29.6 | 28.9 | 109.6 | 39.5 |
Tax rate | | | | 10.9% | 37.6% | 13.8% |
Earnings from continuing ops | -66.8 | -73.0 | -316.4 | 235.6 | 181.7 | 246.7 |
Earnings from discontinued ops | | | | | | 3.2 |
Net income | -66.8 | -73.0 | -316.4 | 235.6 | 181.7 | 249.9 |
Net margin | -12.5% | -9.8% | -25.0% | 17.8% | 17.4% | 26.6% |
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Diluted EPS | ($2.77) | ($3.03) | ($13.18) | $10.33 | $0.82 | $1.28 |
Shares outstanding (diluted) | 24.1 | 24.1 | 24.0 | 22.8 | 221.6 | 192.5 |
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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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