Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 730.4 | 631.6 | 467.8 | 334.0 |
Revenue growth | 15.6% | 35.0% | 40.1% | |
Cost of goods sold | 266.8 | 200.8 | 162.6 | 125.0 |
Gross profit | 463.6 | 430.8 | 305.2 | 209.0 |
Gross margin | 63.5% | 68.2% | 65.2% | 62.6% |
Sales and marketing | 116.1 | 114.8 | 92.6 | 71.6 |
Research and development | 30.0 | 22.1 | 19.4 | 16.6 |
General and administrative | 167.1 | 166.8 | 135.7 | 88.4 |
EBITA | 150.4 | 127.2 | 57.4 | 32.3 |
EBITA margin | 20.6% | 20.1% | 12.3% | 9.7% |
Amortization of intangibles | 80.8 | 89.2 | 77.1 | 59.9 |
EBIT | 69.6 | 38.0 | -19.6 | -27.6 |
EBIT margin | 9.5% | 6.0% | -4.2% | -8.3% |
Pre-tax income | -4.6 | -133.6 | -154.1 | -94.2 |
Income taxes | 19.7 | -10.6 | -55.7 | -3.6 |
Tax rate | | 7.9% | 36.1% | 3.8% |
Net income | -24.4 | -123.0 | -98.4 | -90.5 |
Net margin | -3.3% | -19.5% | -21.0% | -27.1% |
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Diluted EPS | ($0.19) | ($1.63) | ($3.47) | ($3.23) |
Shares outstanding (diluted) | 128.8 | 75.7 | 28.4 | 28.0 |
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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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