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 |
Revenues | 1,804.6 | 1,390.7 | 671.1 | 329.0 | 167.9 | 57.7 |
Revenue growth | 29.8% | 107.2% | 104.0% | 96.0% | 191.1% | |
Cost of goods sold | 423.8 | 305.5 | 87.8 | 32.8 | 18.9 | 6.8 |
Gross profit | 1,380.8 | 1,085.2 | 583.3 | 296.2 | 148.9 | 50.9 |
Gross margin | 76.5% | 78.0% | 86.9% | 90.0% | 88.7% | 88.3% |
Sales and marketing | 483.6 | 333.7 | 110.1 | 58.2 | 46.8 | 12.6 |
General and administrative | 161.4 | 94.3 | 117.1 | 35.6 | 19.1 | 5.1 |
EBITA | 281.8 | 270.1 | 107.4 | 46.7 | 19.1 | 9.6 |
EBITA margin | 15.6% | 19.4% | 16.0% | 14.2% | 11.4% | 16.6% |
Amortization of intangibles | 19.7 | 10.6 | 4.2 | 1.7 | 0.8 | 0.6 |
EBIT | 262.1 | 259.5 | 103.2 | 45.0 | 18.2 | 9.0 |
EBIT margin | 14.5% | 18.7% | 15.4% | 13.7% | 10.9% | 15.6% |
Pre-tax income | 434.2 | 286.5 | 124.0 | 62.7 | 25.9 | 9.0 |
Income taxes | -119.5 | -51.4 | -23.4 | -11.4 | -10.9 | -0.5 |
Net income | 199.4 | 209.6 | 96.0 | 46.7 | 14.8 | 5.5 |
Net margin | 11.0% | 15.1% | 14.3% | 14.2% | 8.8% | 9.5% |
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Diluted EPS | $0.93 | $1.06 | $0.50 | $0.25 | $0.09 | $0.08 |
Shares outstanding (diluted) | 215.3 | 197.5 | 193.0 | 183.6 | 173.0 | 71.4 |
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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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