Financial Summary (All financials)
| In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 668.1 | 695.9 | 826.5 | 649.1 | 526.3 | 542.3 |
| Revenue growth | -4.0% | -15.8% | 27.3% | 23.3% | -3.0% | |
| Cost of goods sold | 166.9 | 178.6 | 195.4 | 158.7 | 103.0 | 96.1 |
| Gross profit | 501.2 | 517.3 | 631.1 | 490.4 | 423.3 | 446.2 |
| Gross margin | 75.0% | 74.3% | 76.4% | 75.5% | 80.4% | 82.3% |
| Selling, general and administrative | 191.4 | 181.0 | 205.0 | 192.8 | 155.2 | 138.9 |
| Research and development | 148.4 | 177.3 | 194.4 | 125.2 | 99.9 | 106.6 |
| EBITA | 140.1 | 137.5 | 209.5 | 153.7 | 150.8 | 183.2 |
| EBITA margin | 21.0% | 19.8% | 25.4% | 23.7% | 28.7% | 33.8% |
| Amortization of intangibles | 112.7 | 147.3 | 166.7 | 105.0 | 77.0 | 77.9 |
| EBIT | 27.4 | -9.8 | 42.9 | 48.8 | 73.8 | 105.3 |
| EBIT margin | 4.1% | -1.4% | 5.2% | 7.5% | 14.0% | 19.4% |
| Pre-tax income | -391.1 | -339.0 | -48.2 | -24.4 | 9.5 | 6.2 |
| Income taxes | 14.1 | 14.1 | -10.3 | -61.7 | 13.8 | 19.7 |
| Tax rate | | | 21.3% | 252.4% | 145.4% | 318.0% |
| Net income | -410.1 | -349.3 | -38.0 | 32.7 | -4.3 | -69.7 |
| Net margin | -61.4% | -50.2% | -4.6% | 5.0% | -0.8% | -12.9% |
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| Diluted EPS | ($3.23) | ($2.87) | ($0.32) | $0.40 | ($0.05) | ($0.15) |
| Shares outstanding (diluted) | 125.5 | 123.0 | 120.4 | 94.3 | 84.1 | 91.7 |
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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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