Financial Summary (All financials)
In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
Revenues | 5,999.5 | 4,800.9 | 4,313.8 | 3,738.7 | 3,141.7 | 2,671.4 | 2,520.0 | 2,291.8 |
Revenue growth | 25.0% | 11.3% | 15.4% | 19.0% | 17.6% | 6.0% | 10.0% | 8.8% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 5,999.5 | 4,800.9 | 4,313.8 | 3,738.7 | 3,141.7 | 2,671.4 | 2,520.0 | 2,291.8 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 50.3 | | |
General and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | | 138.3 | 123.0 |
EBITA | 233.1 | 215.0 | 181.3 | 133.9 | 17.8 | 2,685.8 | 96.5 | 129.5 |
EBITA margin | 3.9% | 4.5% | 4.2% | 3.6% | 0.6% | 100.5% | 3.8% | 5.6% |
Amortization of intangibles | 83.6 | 55.6 | 37.6 | 29.8 | 17.8 | 14.4 | | |
EBIT | 149.5 | 159.3 | 143.7 | 104.1 | 0.0 | 2,671.4 | 96.5 | 129.5 |
EBIT margin | 2.5% | 3.3% | 3.3% | 2.8% | 0.0% | 100.0% | 3.8% | 5.6% |
Pre-tax income | 149.5 | 163.0 | 143.7 | 104.3 | 108.8 | 39.9 | 58.7 | 70.4 |
Income taxes | 66.8 | 65.2 | 56.3 | 40.6 | 43.3 | 33.1 | 23.7 | 29.8 |
Tax rate | 44.7% | 40.0% | 39.2% | 38.9% | 39.8% | 82.9% | 40.3% | 42.3% |
Net income | 82.7 | 97.7 | 87.4 | 63.8 | 65.5 | 6.8 | 35.0 | 40.7 |
Net margin | 1.4% | 2.0% | 2.0% | 1.7% | 2.1% | 0.3% | 1.4% | 1.8% |
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Diluted EPS | $1.12 | $1.35 | $1.24 | $0.93 | $0.98 | $0.11 | $0.70 | $0.82 |
Shares outstanding (diluted) | 73.8 | 72.2 | 70.6 | 68.3 | 66.6 | 64.6 | 49.7 | 49.3 |
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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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