Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Net Sales 301.03 154.58 5.42 1.25 9.76
Revenue 301.03 154.58 5.42 1.25 9.76
Total Revenue 301.03 154.58 5.42 1.25 9.76
Cost of Revenue 34.19 7.35 0.13 -- --
Cost of Revenue, Total 34.19 7.35 0.13 -- --
Gross Profit 266.84 147.23 5.29 -- --
Selling/General/Administrative Expense 171.85 100.76 63.29 53.33 37.24
Labor & Related Expense 35.91 21.92 20.46 21.71 12.08
Selling/General/Administrative Expenses, Total 207.76 122.68 83.75 75.04 49.32
Research & Development 401.84 166.71 188.27 146.39 94.22
Amortization of Intangibles, Operating 0.87 1.05 -- -- --
Depreciation/Amortization 0.87 1.05 -- -- --
Purchased R&D Written-Off -- -- -- -- --
Restructuring Charge -- -- -- -- 0.01
Litigation 0.00 28.43 -- -- --
Impairment-Assets Held for Sale -- -- -- -- --
Unusual Expense (Income) 0.00 28.43 -- -- 0.01
Total Operating Expense 644.66 326.22 272.15 221.44 143.55
Operating Income -343.63 -171.64 -266.73 -220.18 -133.79
Interest Expense - Non-Operating -- -- -- -1.40 -0.10
Interest Expense, Net Non-Operating -- -- -- -1.40 -0.10
Investment Income, Non-Operating -- -- 0.00 0.00 -2.78
Interest/Investment Income, Non-Operating -- -- 0.00 0.00 -2.78
Interest Income (Expense), Net Non-Operating -18.98 -1.99 -0.54 1.55 0.88
Interest Income (Expense), Net-Non-Operating, Total -18.98 -1.99 -0.54 0.15 -2.00
Gain (Loss) on Sale of Assets 0.00 125.00 -- -- --
Net Income Before Taxes -362.61 -48.63 -267.27 -220.03 -135.79
Income Tax – Total -0.69 2.06 -- -- --
Income After Tax -361.92 -50.69 -267.27 -220.03 -135.79
Net Income Before Extraordinary Items -361.92 -50.69 -267.27 -220.03 -135.79
Net Income -361.92 -50.69 -267.27 -220.03 -135.79
Income Available to Common Excluding Extraordinary Items -361.92 -50.69 -267.27 -220.03 -135.79
Income Available to Common Stocks Including Extraordinary Items -361.92 -50.69 -267.27 -220.03 -135.79
Basic Weighted Average Shares 66.25 58.82 48.70 42.29 40.03
Basic EPS Excluding Extraordinary Items -5.46 -0.86 -5.49 -5.20 -3.39
Basic EPS Including Extraordinary Items -5.46 -0.86 -5.49 -5.20 -3.39
Dilution Adjustment -- -- -- -- --
Diluted Net Income -361.92 -50.69 -267.27 -220.03 -135.79
Diluted Weighted Average Shares 66.25 58.82 48.70 42.29 40.03
Diluted EPS Excluding Extraordinary Items -5.46 -0.86 -5.49 -5.20 -3.39
Diluted EPS Including Extraordinary Items -5.46 -0.86 -5.49 -5.20 -3.39
DPS - Common Stock Primary Issue -- -- -- -- 0.00
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
Total Special Items 0.00 -96.57 -- -- 0.01
Normalized Income Before Taxes -362.61 -145.20 -267.27 -220.03 -135.78
Effect of Special Items on Income Taxes 0.00 -33.80 -- -- 0.00
Income Taxes Excluding Impact of Special Items -0.69 -31.74 -- -- 0.00
Normalized Income After Taxes -361.92 -113.46 -267.27 -220.03 -135.78
Normalized Income Available to Common -361.92 -113.46 -267.27 -220.03 -135.78
Basic Normalized EPS -5.46 -1.93 -5.49 -5.20 -3.39
Diluted Normalized EPS -5.46 -1.93 -5.49 -5.20 -3.39
Amortization of Intangibles, Supplemental 0.87 1.05 0.60 0.50 0.50
Depreciation, Supplemental 11.38 7.04 5.01 4.75 3.20
Interest Expense, Supplemental -- -- -- 1.40 0.10
Rental Expense, Supplemental 7.90 4.40 5.60 5.20 4.40
Stock-Based Compensation, Supplemental 50.13 30.47 29.96 32.12 20.35
Research & Development Expense, Supplemental 401.84 166.71 188.27 146.39 94.22
Audit-Related Fees, Supplemental 1.74 1.33 0.97 0.66 0.40
Audit-Related Fees 0.00 0.04 0.03 0.02 0.10
Tax Fees, Supplemental 0.28 0.16 0.08 0.04 0.04
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00 -- --
Gross Margin 88.64 95.24 97.60 -- --
Operating Margin -114.15 -111.03 -4,920.31 -17,572.55 -1,371.21
Pretax Margin -120.45 -31.46 -4,930.18 -17,560.26 -1,391.71
Net Profit Margin -120.22 -32.79 -4,930.18 -17,560.26 -1,391.71
Normalized EBIT -343.63 -143.21 -266.73 -220.18 -133.78
Normalized EBITDA -331.38 -135.12 -261.12 -214.94 -130.08
Defined Contribution Expense - Domestic 2.10 1.40 1.20 0.90 --
Total Pension Expense 2.10 1.40 1.20 0.90 --

In millions of USD (except for per share items)