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-31-11 | Oct-31-11 | Jan-01-11 |
Revenues | -2,828.0 | -1,873.0 | -1,612.0 | -1,302.0 | -1,132.0 | 1,333.0 | 312.0 | 981.0 |
Revenue growth | 51.0% | 16.2% | 23.8% | 15.0% | | 35.9% | | -33.3% |
Cost of goods sold | -4,738.0 | -3,910.0 | -3,454.0 | -2,138.0 | -1,453.0 | 866.0 | 268.0 | 662.0 |
Gross profit | 1,910.0 | 2,037.0 | 1,842.0 | 836.0 | 321.0 | 467.0 | 44.0 | 319.0 |
Gross margin | -67.5% | -108.8% | -114.3% | -64.2% | -28.4% | 35.0% | 14.1% | 32.5% |
Selling, general and administrative | | | | | | | | |
General and administrative | 189.0 | 161.0 | 128.0 | 114.0 | 97.0 | 102.0 | 22.0 | 56.0 |
EBITA | -65.0 | 258.0 | 289.0 | 33.0 | -47.0 | -150.0 | -44.0 | 84.0 |
EBITA margin | 2.3% | -13.8% | -17.9% | -2.5% | 4.2% | -11.3% | -14.1% | 8.6% |
Amortization of intangibles | 12.0 | 21.0 | | 45.0 | 251.0 | 39.0 | 60.0 | 79.0 |
EBIT | -77.0 | 237.0 | 289.0 | -12.0 | -298.0 | -189.0 | -104.0 | 5.0 |
EBIT margin | 2.7% | -12.7% | -17.9% | 0.9% | 26.3% | -14.2% | -33.3% | 0.5% |
Pre-tax income | -538.0 | -1,289.0 | -427.0 | -268.0 | -417.0 | -575.0 | -113.0 | 121.0 |
Income taxes | -610.0 | -45.0 | -474.0 | -1.0 | -58.0 | -144.0 | 0.0 | -9.0 |
Tax rate | 113.4% | 3.5% | 111.0% | 0.4% | 13.9% | 25.0% | 0.0% | |
Earnings from continuing ops | 58.0 | -1,262.0 | 28.0 | -278.0 | -359.0 | -431.0 | -113.0 | 130.0 |
Earnings from discontinued ops | | | | | 3.0 | -509.0 | 6.0 | -162.0 |
Net income | 58.0 | -1,262.0 | 28.0 | -278.0 | -356.0 | -940.0 | -107.0 | -32.0 |
Net margin | -2.1% | 67.4% | -1.7% | 21.4% | 31.4% | -70.5% | -34.3% | -3.3% |
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Diluted EPS | $0.36 | ($9.78) | $0.22 | ($2.65) | ($3.59) | | ($1.13) | |
Shares outstanding (diluted) | 162.0 | 129.0 | 126.0 | 105.0 | 100.0 | | 100.0 | |
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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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