Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 2,222.1 | 1,638.7 | 971.1 | 1,748.9 | 1,607.9 | 1,070.3 | 2,456.1 |
Revenue growth | 35.6% | 68.7% | -44.5% | 8.8% | 50.2% | -56.4% | |
Cost of goods sold | 1,724.7 | 1,288.1 | 947.3 | 1,523.2 | 1,179.2 | 751.5 | 1,767.8 |
Gross profit | 497.4 | 350.6 | 23.9 | 225.7 | 428.7 | 318.9 | 688.3 |
Gross margin | 22.4% | 21.4% | 2.5% | 12.9% | 26.7% | 29.8% | 28.0% |
Selling, general and administrative | 225.5 | 250.9 | 61.0 | 0.0 | 183.4 | 124.4 | |
Research and development | 6.3 | 6.4 | | | 14.3 | 5.0 | |
General and administrative | | | | 0.0 | | | 169.5 |
EBITA | 49.5 | -43.0 | -808.7 | -1,230.4 | 134.6 | 124.8 | 281.8 |
EBITA margin | 2.2% | -2.6% | -83.3% | -70.4% | 8.4% | 11.7% | 11.5% |
Amortization of intangibles | 8.8 | 4.2 | | 14.5 | 10.9 | 10.1 | |
EBIT | 40.7 | -47.2 | -808.7 | -1,244.9 | 123.7 | 114.7 | 281.8 |
EBIT margin | 1.8% | -2.9% | -83.3% | -71.2% | 7.7% | 10.7% | 11.5% |
Pre-tax income | -132.4 | -17.3 | -1,018.0 | -1,171.6 | 114.5 | 107.7 | 151.1 |
Income taxes | -2.4 | -39.8 | -129.0 | -299.1 | 45.7 | 41.3 | 55.4 |
Tax rate | 1.8% | 229.8% | 12.7% | 25.5% | 39.9% | 38.4% | 36.7% |
Earnings from continuing ops | -130.0 | 22.5 | -944.3 | -872.5 | 68.8 | 66.4 | 92.6 |
Earnings from discontinued ops | | | | | | | 76.9 |
Net income | -130.0 | 22.5 | -944.3 | -872.5 | 68.8 | 66.4 | 169.5 |
Net margin | -5.9% | 1.4% | -97.2% | -49.9% | 4.3% | 6.2% | 6.9% |
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Diluted EPS | ($1.94) | $0.37 | ($7.98) | ($8.48) | $1.22 | $1.20 | $77,207.50 |
Shares outstanding (diluted) | 66.9 | 61.5 | 118.3 | 102.9 | 56.5 | 55.4 | 0.0 |
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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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