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 | Dec-31-13 | Dec-31-12 |
| Revenues | 1,623 | 1,558 | 1,508 | 2,270 | 1,396 | 1,403 | 1,319 | 538 |
| Revenue growth | 4.2% | 3.4% | -33.6% | 62.6% | -0.5% | 6.4% | 145.2% | 25.9% |
| Cost of goods sold | 1,059 | 1,006 | 962 | 866 | 867 | 896 | 833 | 337 |
| Gross profit | 564 | 552 | 546 | 1,405 | 530 | 507 | 486 | 201 |
| Gross margin | 34.8% | 35.4% | 36.2% | 61.9% | 37.9% | 36.1% | 36.9% | 37.4% |
| Selling, general and administrative | 208 | 182 | 170 | 157 | 153 | 155 | 172 | 102 |
| General and administrative | | | | | | 0 | | |
| EBITA | 108 | 139 | 147 | 177 | 160 | 123 | 78 | 10 |
| EBITA margin | 6.7% | 8.9% | 9.7% | 7.8% | 11.4% | 8.8% | 5.9% | 1.9% |
| Amortization of intangibles | 31 | 39 | 42 | 43 | 43 | 42 | 42 | 16 |
| EBIT | 77 | 99 | 105 | 135 | 117 | 81 | 35 | -5 |
| EBIT margin | 4.7% | 6.4% | 7.0% | 5.9% | 8.4% | 5.8% | 2.7% | -0.9% |
| Pre-tax income | -27 | 14 | -3 | -56 | -53 | -98 | -141 | -118 |
| Income taxes | -20 | 5 | -41 | -26 | -19 | -81 | -45 | -14 |
| Tax rate | 75.6% | 32.9% | 1420.7% | 45.8% | 36.6% | 82.2% | 32.3% | 11.4% |
| Earnings from continuing ops | -7 | 9 | 38 | -30 | -34 | -18 | -73 | -103 |
| Earnings from discontinued ops | | | | | | 0 | -23 | -89 |
| Net income | -7 | 9 | 38 | -30 | -34 | -17 | -95 | -193 |
| Net margin | -0.4% | 0.6% | 2.5% | -1.3% | -2.4% | -1.2% | -7.2% | -35.8% |
| |
| Diluted EPS | ($0.07) | $0.11 | $0.43 | ($0.44) | ($0.52) | ($0.27) | ($72,800.00) | ($103,400.00) |
| Shares outstanding (diluted) | 89 | 89 | 89 | 69 | 64 | 64 | 0 | 0 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|