Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 691.1 | 573.6 | 757.2 | 720.9 | 748.4 | 847.2 | 364.3 | 724.0 |
Revenue growth | 20.5% | -24.2% | 5.0% | -3.7% | -11.7% | 132.6% | -49.7% | 0.3% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 691.1 | 573.6 | 757.2 | 720.9 | 748.4 | 847.2 | 364.3 | 724.0 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
General and administrative | 123.7 | 119.2 | 116.2 | 98.6 | 112.1 | 137.1 | 102.0 | 85.9 |
EBIT | 273.6 | 213.4 | 245.2 | -112.0 | 105.9 | 352.2 | -250.1 | 426.1 |
EBIT margin | 39.6% | 37.2% | 32.4% | -15.5% | 14.2% | 41.6% | -68.7% | 58.9% |
Pre-tax income | 245.3 | 210.5 | 227.9 | -115.8 | 210.7 | 464.6 | -143.5 | 347.8 |
Income taxes | -2.7 | -0.1 | 0.3 | -0.6 | -1.3 | 1.1 | -1.1 | -0.1 |
Tax rate | | | 0.1% | 0.5% | | 0.2% | 0.8% | |
Net income | 210.6 | 191.2 | 214.3 | -124.3 | 212.0 | 463.5 | -141.7 | 315.8 |
Net margin | 30.5% | 33.3% | 28.3% | -17.2% | 28.3% | 54.7% | -38.9% | 43.6% |
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Diluted EPS | $4.62 | $3.71 | $3.75 | ($2.01) | $3.04 | $5.38 | ($1.69) | $3.29 |
Shares outstanding (diluted) | 45.6 | 51.6 | 57.1 | 61.8 | 69.7 | 86.2 | 83.8 | 96.0 |
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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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