Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 2,484.4 | 2,007.6 | 2,529.9 | 2,715.5 | 2,239.2 | 1,163.6 | 2,004.5 | 1,921.8 |
Revenue growth | 23.7% | -20.6% | -6.8% | 21.3% | 92.4% | -42.0% | 4.3% | |
Cost of goods sold | 2,262.5 | 1,862.3 | 2,194.3 | 2,420.6 | 1,902.1 | 1,035.5 | 999.7 | 921.3 |
Gross profit | 221.9 | 145.3 | 335.6 | 294.9 | 337.1 | 128.1 | 1,004.8 | 1,000.5 |
Gross margin | 8.9% | 7.2% | 13.3% | 10.9% | 15.1% | 11.0% | 50.1% | 52.1% |
Selling, general and administrative | 566.0 | 361.6 | 302.2 | 348.8 | 267.0 | 255.3 | 106.5 | 111.3 |
Research and development | 61.7 | 71.1 | 71.8 | 87.5 | 55.6 | 40.4 | 40.8 | 39.3 |
EBITA | -366.9 | -244.3 | 106.5 | -69.2 | 25.1 | -62.4 | 857.5 | 849.9 |
EBITA margin | -14.8% | -12.2% | 4.2% | -2.5% | 1.1% | -5.4% | 42.8% | 44.2% |
Amortization of intangibles | 28.1 | 21.5 | 34.6 | 9.4 | 5.9 | | | |
EBIT | -395.0 | -265.8 | 71.9 | -78.6 | 19.2 | -62.4 | 857.5 | 849.9 |
EBIT margin | -15.9% | -13.2% | 2.8% | -2.9% | 0.9% | -5.4% | 42.8% | 44.2% |
Pre-tax income | -1,316.4 | -591.8 | -81.5 | -1,384.1 | -12.5 | -100.2 | 585.0 | 1,111.8 |
Income taxes | -36.0 | 27.8 | 64.9 | 73.1 | -53.3 | -42.2 | 195.4 | 282.2 |
Tax rate | 2.7% | | | | 426.4% | 42.1% | 33.4% | 25.4% |
Net income | -1,180.4 | -586.7 | -150.6 | -1,536.0 | 34.4 | -69.8 | 387.4 | 826.2 |
Net margin | -47.5% | -29.2% | -6.0% | -56.6% | 1.5% | -6.0% | 19.3% | 43.0% |
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Diluted EPS | ($4.38) | ($2.43) | ($0.65) | ($6.68) | $0.15 | ($0.31) | $1.69 | $3.56 |
Shares outstanding (diluted) | 269.2 | 241.7 | 230.9 | 229.9 | 230.2 | 223.9 | 228.6 | 232.3 |
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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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