Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 11,449.0 | 10,286.0 | 1,581.0 | 465.0 | 455.0 | 4,771.3 |
Revenue growth | 11.3% | 550.6% | 240.0% | 2.2% | -90.5% | |
Cost of goods sold | 170.0 | 221.0 | 303.0 | 352.0 | 354.0 | 1,038.0 |
Gross profit | 11,279.0 | 10,065.0 | 1,278.0 | 113.0 | 101.0 | 3,733.2 |
Gross margin | 98.5% | 97.9% | 80.8% | 24.3% | 22.2% | 78.2% |
Sales and marketing | 5,747.0 | 5,291.0 | 619.0 | 26.0 | 22.0 | 2,196.1 |
Research and development | | | | | | 577.8 |
General and administrative | 1,929.0 | 1,582.0 | 307.0 | 24.0 | 21.0 | 377.1 |
EBITA | 1,576.0 | 1,222.0 | 99.0 | 141.0 | -36.0 | 504.3 |
EBITA margin | 13.8% | 11.9% | 6.3% | 30.3% | -7.9% | 10.6% |
Amortization of intangibles | 1,732.0 | 2,001.0 | 453.0 | 14.0 | 12.0 | 71.7 |
EBIT | -156.0 | -779.0 | -354.0 | 127.0 | -48.0 | 432.5 |
EBIT margin | -1.4% | -7.6% | -22.4% | 27.3% | -10.5% | 9.1% |
Pre-tax income | -857.0 | -3,146.0 | 1,621.0 | 445.0 | 67.0 | 300.7 |
Income taxes | -214.0 | -1,141.0 | -451.0 | 163.0 | 21.0 | 84.3 |
Tax rate | 25.0% | 36.3% | | 36.6% | 31.3% | 28.0% |
Net income | -128.0 | -192.0 | 2,292.0 | 281.0 | 45.0 | 232.9 |
Net margin | -1.1% | -1.9% | 145.0% | 60.4% | 9.9% | 4.9% |
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Diluted EPS | ($2.21) | ($3.31) | $39.52 | $4.93 | $0.79 | $1.67 |
Shares outstanding (diluted) | 58.0 | 58.0 | 58.0 | 57.0 | 57.0 | 139.6 |
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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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