Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 334.4 | 575.0 | 418.3 | 353.3 | 345.0 | 462.4 | 425.5 | 360.6 |
Revenue growth | -41.9% | 37.5% | 18.4% | 2.4% | -25.4% | 8.7% | 18.0% | |
Cost of goods sold | 94.4 | 55.2 | 134.0 | 153.4 | 134.8 | 174.7 | 132.7 | 114.0 |
Gross profit | 239.9 | 519.8 | 284.3 | 199.8 | 210.3 | 287.7 | 292.9 | 246.6 |
Gross margin | 71.8% | 90.4% | 68.0% | 56.6% | 60.9% | 62.2% | 68.8% | 68.4% |
Selling, general and administrative | 30.9 | 35.3 | 31.2 | 30.7 | 30.1 | 33.7 | 41.0 | 39.6 |
EBIT | 180.3 | 470.9 | 246.7 | 162.3 | 181.3 | 239.3 | -60.5 | -68.8 |
EBIT margin | 53.9% | 81.9% | 59.0% | 45.9% | 52.6% | 51.8% | -14.2% | -19.1% |
Pre-tax income | -71.6 | 246.4 | 95.6 | 13.9 | -36.4 | 28.2 | 68.9 | 57.1 |
Income taxes | -4.1 | 20.5 | 9.9 | 11.3 | -7.3 | 5.4 | 8.7 | 3.1 |
Tax rate | 5.8% | 8.3% | 10.4% | 81.3% | 20.0% | 19.1% | 12.6% | 5.5% |
Net income | -67.4 | 225.9 | 85.7 | 2.6 | -29.1 | 22.8 | 60.2 | 53.9 |
Net margin | -20.2% | 39.3% | 20.5% | 0.7% | -8.4% | 4.9% | 14.1% | 15.0% |
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Diluted EPS | ($2.21) | $7.12 | $2.88 | $0.09 | ($0.88) | $0.55 | $1.45 | $1.58 |
Shares outstanding (diluted) | 30.6 | 31.7 | 29.8 | 30.4 | 33.2 | 41.3 | 41.5 | 34.2 |
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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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