Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 10,138.3 | 5,815.3 | 5,490.2 | 7,595.3 | 6,296.8 | 4,992.7 | 4,576.2 |
Revenue growth | 74.3% | 5.9% | -27.7% | 20.6% | 26.1% | 9.1% | |
Cost of goods sold | 7,403.6 | 2,642.6 | 2,842.4 | 5,202.7 | 3,910.7 | 3,318.1 | 2,854.8 |
Gross profit | 2,734.7 | 3,172.7 | 2,647.8 | 2,392.6 | 2,386.1 | 1,674.6 | 1,721.5 |
Gross margin | 27.0% | 54.6% | 48.2% | 31.5% | 37.9% | 33.5% | 37.6% |
Sales and marketing | 1,084.4 | 1,333.4 | 1,167.1 | 1,537.2 | 978.3 | 859.8 | 963.9 |
General and administrative | 727.7 | 695.9 | 637.3 | 675.2 | 663.3 | 645.7 | 629.7 |
EBITA | -8,506.2 | -7,944.4 | -7,925.3 | -4,013.2 | -3,138.2 | -3,800.0 | -3,544.8 |
EBITA margin | -83.9% | -136.6% | -144.4% | -52.8% | -49.8% | -76.1% | -77.5% |
Amortization of intangibles | 0.4 | 0.4 | | | | | |
EBIT | -8,506.6 | -7,944.7 | -7,925.3 | -4,013.2 | -3,138.2 | -3,800.0 | -3,544.8 |
EBIT margin | -83.9% | -136.6% | -144.4% | -52.8% | -49.8% | -76.1% | -77.5% |
Pre-tax income | 922.5 | 1,143.3 | 843.4 | 180.2 | 744.5 | -87.3 | -7.0 |
Income taxes | 208.6 | 355.2 | 243.1 | 24.7 | 203.3 | -45.0 | -57.9 |
Tax rate | 22.6% | 31.1% | 28.8% | 13.7% | 27.3% | 51.5% | 828.9% |
Net income | 714.0 | 788.2 | 600.3 | 155.5 | 541.2 | -42.4 | 50.9 |
Net margin | 7.0% | 13.6% | 10.9% | 2.0% | 8.6% | -0.8% | 1.1% |
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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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