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 | 2,615.1 | 2,140.8 | 1,308.5 | 889.5 | 1,000.8 | 1,186.1 | 1,976.1 | 3,051.9 |
Revenue growth | 22.2% | 63.6% | 47.1% | -11.1% | -15.6% | -40.0% | -35.2% | -36.2% |
Cost of goods sold | 2,007.6 | 1,654.2 | 1,027.5 | 727.0 | 844.4 | 1,216.2 | 2,003.3 | 3,034.1 |
Gross profit | 607.4 | 486.6 | 281.0 | 162.6 | 156.5 | -30.0 | -27.2 | 17.7 |
Gross margin | 23.2% | 22.7% | 21.5% | 18.3% | 15.6% | -2.5% | -1.4% | 0.6% |
Selling, general and administrative | 289.0 | 254.7 | 190.8 | 158.0 | | 143.5 | 377.9 | 351.4 |
Sales and marketing | | | | | 18.7 | | | |
General and administrative | | | | | 168.9 | | | |
EBIT | 282.1 | 202.3 | 49.6 | -16.0 | -75.4 | -219.2 | -362.5 | -420.1 |
EBIT margin | 10.8% | 9.5% | 3.8% | -1.8% | -7.5% | -18.5% | -18.3% | -13.8% |
Pre-tax income | 284.5 | 195.7 | 44.0 | -32.7 | -80.5 | -240.5 | -405.8 | -420.1 |
Income taxes | 108.7 | -183.4 | 1.6 | -2.9 | 0.2 | -97.2 | -9.2 | -86.6 |
Tax rate | 38.2% | | 3.6% | 8.8% | | 40.4% | 2.3% | 20.6% |
Earnings from continuing ops | 175.7 | 378.0 | 42.0 | -29.9 | -80.7 | -143.3 | -396.6 | -333.5 |
Earnings from discontinued ops | | 0.1 | -2.0 | -20.9 | -4.4 | -19.1 | | |
Net income | 175.7 | 378.1 | 40.0 | -50.8 | -85.1 | -162.5 | -396.6 | -333.5 |
Net margin | 6.7% | 17.7% | 3.1% | -5.7% | -8.5% | -13.7% | -20.1% | -10.9% |
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Diluted EPS | $3.02 | $6.72 | $0.85 | ($0.67) | ($1.83) | ($3.30) | ($9.33) | ($7.92) |
Shares outstanding (diluted) | 58.2 | 56.2 | 49.7 | 44.4 | 44.1 | 43.5 | 42.5 | 42.1 |
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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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