Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 620.7 | 870.7 | 985.0 | 0.0 | 2,108.9 | 5,693.2 | 6,081.6 | 6,380.8 |
Revenue growth | -28.7% | -11.6% | | -100.0% | -63.0% | -6.4% | -4.7% | 45.2% |
Cost of goods sold | 319.7 | 425.6 | 430.9 | 0.0 | 767.4 | 2,348.9 | 1,681.7 | 2,502.5 |
Gross profit | 301.0 | 445.1 | 554.2 | 0.0 | 1,341.5 | 3,344.3 | 4,399.9 | 3,878.4 |
Gross margin | 48.5% | 51.1% | 56.3% | | 63.6% | 58.7% | 72.3% | 60.8% |
Selling, general and administrative | 308.8 | 510.2 | 560.8 | 2.1 | 1,037.8 | 2,261.9 | 2,201.1 | 2,201.1 |
EBITA | -22.9 | -85.6 | -142.0 | -5.3 | -213.0 | 524.1 | 1,003.3 | 966.6 |
EBITA margin | -3.7% | -9.8% | -14.4% | | -10.1% | 9.2% | 16.5% | 15.1% |
Amortization of intangibles | | | | | 35.1 | | 36.7 | |
EBIT | -22.9 | -85.6 | -142.0 | -5.3 | -248.1 | 524.1 | 966.6 | 966.6 |
EBIT margin | -3.7% | -9.8% | -14.4% | | -11.8% | 9.2% | 15.9% | 15.1% |
Pre-tax income | -186.2 | -346.8 | -1,536.8 | -1,964.6 | -909.4 | 76.3 | 613.9 | 613.9 |
Income taxes | 0.0 | 6.3 | -2.9 | -7.2 | 291.0 | 158.1 | 351.2 | 351.2 |
Tax rate | 0.0% | | 0.2% | 0.4% | | 207.3% | 57.2% | 57.2% |
Earnings from continuing ops | -143.1 | -293.1 | -1,553.9 | -1,957.7 | -1,200.4 | -81.8 | 262.7 | 262.7 |
Earnings from discontinued ops | | | | | -449.2 | | -37.5 | |
Net income | -143.1 | -293.1 | -1,553.9 | -1,957.7 | -3,299.2 | -765.2 | 225.2 | 225.2 |
Net margin | -23.1% | -33.7% | -157.7% | | -156.4% | -13.4% | 3.7% | 3.5% |
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Diluted EPS | ($1.42) | ($2.92) | ($15.52) | ($11.36) | ($6.98) | ($0.48) | $1.52 | $1.52 |
Shares outstanding (diluted) | 100.7 | 100.3 | 100.1 | 172.3 | 171.9 | 171.5 | 172.8 | 172.8 |
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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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