Financial Summary (All financials)
In millions, except per share items | Dec-27-14 | Dec-28-13 | Dec-29-12 | Dec-31-11 | Dec-26-10 | Dec-27-09 | Dec-28-08 | Dec-30-07 |
Revenues | 525.6 | 508.0 | 531.0 | 654.3 | 635.1 | 496.1 | 525.1 | 449.4 |
Revenue growth | 3.5% | -4.3% | -18.8% | 3.0% | 28.0% | -5.5% | 16.8% | 5.7% |
Cost of goods sold | 155.4 | 149.2 | 158.8 | 211.2 | 204.5 | 165.2 | 181.6 | 158.3 |
Gross profit | 370.2 | 358.8 | 372.1 | 443.1 | 430.6 | 330.9 | 343.4 | 291.1 |
Gross margin | 70.4% | 70.6% | 70.1% | 67.7% | 67.8% | 66.7% | 65.4% | 64.8% |
Selling, general and administrative | 117.0 | 112.8 | 112.5 | 118.6 | 104.1 | 84.9 | 93.5 | 100.5 |
Research and development | 198.9 | 211.0 | 220.9 | 227.1 | 187.5 | 149.2 | 157.6 | 159.1 |
EBITA | 54.3 | 35.0 | -235.9 | 97.4 | 139.0 | 96.8 | 88.0 | 31.5 |
EBITA margin | 10.3% | 6.9% | -44.4% | 14.9% | 21.9% | 19.5% | 16.8% | 7.0% |
Amortization of intangibles | 43.2 | 48.2 | 45.3 | 44.2 | 29.9 | 39.3 | 39.3 | 39.3 |
EBIT | 11.1 | -13.2 | -281.2 | 53.2 | 109.0 | 57.4 | 48.6 | -7.9 |
EBIT margin | 2.1% | -2.6% | -53.0% | 8.1% | 17.2% | 11.6% | 9.3% | -1.8% |
Pre-tax income | 14.5 | -6.5 | -283.0 | 81.3 | 113.3 | 51.1 | 58.3 | 0.0 |
Income taxes | 14.4 | 25.8 | 37.3 | 9.9 | 37.1 | 4.2 | -70.0 | 0.0 |
Tax rate | 99.4% | | | 12.2% | 32.7% | 8.3% | | |
Net income | 0.1 | -32.3 | -320.3 | 71.4 | 76.3 | 46.9 | 128.3 | -57.2 |
Net margin | 0.0% | -6.3% | -60.3% | 10.9% | 12.0% | 9.4% | 24.4% | -12.7% |
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Diluted EPS | $0.41 | ($0.16) | ($1.48) | $0.30 | $0.32 | $0.20 | $0.57 | ($0.26) |
Shares outstanding (diluted) | 0.2 | 203.9 | 216.6 | 235.2 | 234.8 | 229.6 | 223.7 | 216.3 |
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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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