Financial Summary (All financials)
In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 |
Revenues | 1,054.4 | 926.4 | 754.0 | 636.5 | 562.1 | 433.6 | 294.6 | 194.7 |
Revenue growth | 13.8% | 22.9% | 18.5% | 13.2% | 29.6% | 47.2% | 51.3% | 61.4% |
Cost of goods sold | 260.3 | 230.1 | 172.9 | 140.8 | 116.9 | 90.4 | 68.9 | 48.8 |
Gross profit | 794.1 | 696.3 | 581.1 | 495.7 | 445.3 | 343.3 | 225.8 | 145.9 |
Gross margin | 75.3% | 75.2% | 77.1% | 77.9% | 79.2% | 79.2% | 76.6% | 74.9% |
Selling, general and administrative | 257.9 | 171.8 | 163.2 | 143.3 | 136.9 | | | |
Sales and marketing | | | | | | 85.0 | 67.7 | 56.9 |
Research and development | 477.7 | 277.7 | 184.5 | 157.9 | 170.6 | 126.7 | | |
General and administrative | | | | | | 40.7 | 31.5 | 26.7 |
EBITA | 134.8 | 296.7 | 145.3 | 192.5 | 140.7 | 90.9 | 41.4 | 4.9 |
EBITA margin | 12.8% | 32.0% | 19.3% | 30.2% | 25.0% | 21.0% | 14.1% | 2.5% |
Amortization of intangibles | 28.8 | 20.9 | 3.5 | 2.9 | 2.9 | | | |
EBIT | 106.0 | 275.8 | 141.8 | 189.6 | 137.8 | 90.9 | 41.4 | 4.9 |
EBIT margin | 10.1% | 29.8% | 18.8% | 29.8% | 24.5% | 21.0% | 14.1% | 2.5% |
Pre-tax income | -43.6 | 199.6 | 104.8 | 154.3 | 119.9 | 29.5 | 37.5 | -0.4 |
Income taxes | -25.1 | 45.5 | 71.8 | 60.0 | 40.3 | -98.4 | 1.9 | 0.0 |
Tax rate | 57.4% | 22.8% | 68.5% | 38.9% | 33.6% | | 5.0% | 0.0% |
Net income | -18.6 | 154.1 | 33.0 | 94.3 | 79.6 | 127.9 | 35.6 | -0.4 |
Net margin | -1.8% | 16.6% | 4.4% | 14.8% | 14.2% | 29.5% | 12.1% | -0.2% |
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Diluted EPS | ($0.27) | $1.89 | $0.52 | $1.51 | $1.16 | $1.88 | $0.59 | ($0.01) |
Shares outstanding (diluted) | 68.2 | 81.4 | 62.9 | 62.7 | 68.4 | 68.0 | 60.4 | 54.3 |
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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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