Market cap $3.1748B
Enterprise value $2.9996B
Employees 1,726
Revenue $479M
EBITDA -$121M
Income -$159M
Book/Share 0.19
Price/Book 120.83
Cash/Share 1.27
Price/Sales 6.62
Debt/Equity 322.20
EPS -1.20
P/E N/A
Forward P/E -116.60
EV/EBITDA -24.83
PEG 122.93
Earnings date 2018-02-28
Volume 1.12M / 1.79M
Relative vol. 0.63 ×
Profit margin -33.20%
Oper. margin -32.94%
Gross margin 59.76%
Ret. on assets -21.69%
Return on equity -276.40%
Sales Q/Q 17.63%
Sales Y/Y 35.77%
Est. EPS Q/Q N/A
Beta 1.19
Mean Recomm. 1.80
IPO year 2015
Country United States
RSI 62.91
Range $22.67 – $23.32
52 weeks $15.73 – $24.10
SMA 50 $22 -6.38%
SMA 200 $21 -11.55%
1 year target $25 +8.36%

Intraday

5 days

1 month

3 months

6 months

1 year

5 years

10 years

All time

Recent Box news

Saturday, 24 February 2018
reuters
Dropbox files for IPO of up to $500 million
Friday, 23 February 2018
+2.06%
ap
Dropbox seeking to raise $500 million in stock market debut
finance.yahoo
Dropbox shows how it manages costs by deleting inactive accounts
finance.yahoo
Dropbox's Top Competitors
Sunday, 18 February 2018
ft
Chancellor abandons red box for stripped-back mini-budget
Friday, 16 February 2018
+0.23%
markit
See what the IHS Markit Score report has to say about Box Inc.
Thursday, 15 February 2018
+0.82%
benzinga
Box Inc Is A Buy On Sustained Growth, Favorable Competitive Trends, Says DA Davidson
ft
Grasping the thistle of Scottish income tax changes
Monday, 12 February 2018
+0.49%
businesswire
Box and Palo Alto Networks Strengthen Integration to Protect the Extended Enterprise
Tuesday, 6 February 2018
+2.61%
businesswire
Box Sets Date to Announce Fourth Quarter and Fiscal Year 2018 Financial Results
Monday, 29 January 2018
-1.12%
simplywall.st
Why Box Inc Could Be A Buy
Thursday, 25 January 2018
-2.46%
businesswire
Occlutech Moves Workforce to Box to Power Cloud Content Management
Thursday, 18 January 2018
-1.44%
businesswire
Box Delivers Next Generation Compliance Monitoring With “Always-on” GxP Validation for Life Sciences
Wednesday, 17 January 2018
+0.63%
thestreet
How Dropbox Could Lead a Charge of Tech IPOs in 2018
Friday, 12 January 2018
+0.59%
investors
Stocks Showing Rising Market Leadership: Box Earns 81 RS Rating
Wednesday, 10 January 2018
+2.02%
simplywall.st
Is Box Inc’s CEO Pay Fair?
Tuesday, 9 January 2018
-1.50%
businesswire
Box Names Christy Lake as Chief People Officer
Thursday, 4 January 2018
+1.50%
finance.yahoo
Bank analyst offers a $10 trillion bull case for cryptocurrencies
Tuesday, 2 January 2018
+1.18%
zacks
Box Down 3.8% Since Earnings Report: Can It Rebound?
Monday, 18 December 2017
+0.09%
investorplace
Why Box Inc Stock Could Easily Explode Another 20%
Friday, 15 December 2017
+2.42%
simplywall.st
Has Box Inc Improved Earnings Growth In Recent Times?
Thursday, 14 December 2017
+0.24%
businesswire
Box Named a Leader in Enterprise File Sync and Share for Cloud Solutions by Independent Research Firm
Tuesday, 12 December 2017
-0.39%
businesswire
Box Launches Box Transform Consulting Service to Drive Digital Transformation for Enterprises
Thursday, 7 December 2017
+4.72%
investors
Box Clears Technical Benchmark, Hitting 80-Plus RS Rating
Friday, 1 December 2017
-0.71%
wsj
CIOs Contend With Ever-Expanding Range of Cloud Services
Thursday, 30 November 2017
+0.67%
fool
Box Q3 2018 Earnings Conference Call Transcript
zacks
Box Q3 Loss In Line with Expectations, Revenues Beat
benzinga
5 Key Takeaways From The Box Q3 Report
benzinga
Box Inc: Should You Buy The Post-Earnings Dip?
wsj
Stocks to Watch: Apple, Amazon, Alphabet, Sears, Kroger, Costco, Juniper Networks, Box
Wednesday, 29 November 2017
-4.02%
investorplace
Box Inc Stock Takes a Hit on In-Line Loss
investors
Box Reports In-Line Loss, Outlook Also Meets Views; Stock Falls
ap
Box reports 3Q loss
marketwatch
Box shares fall following in-line results, outlook
reuters
Cloud storage firm Box's revenue rises 26 pct in third quarter
yahoo video
Box beats on top line
businesswire
Box Reports 26% Revenue Growth and Positive Cash Flow from Operations for Fiscal Third Quarter 2018
accesswire
Box, Inc. Class A to Host Earnings Call
Monday, 27 November 2017
-3.56%
yahoo video
Cerner, Box, Western Digital, Micron & Honeywell
simplywall.st
What Does Box Inc’s Ownership Structure Look Like?
zacks
Will New Cloud Products Help Box Beat on Q3 Earnings?
Tuesday, 21 November 2017
+0.30%
thestreet
Why Square, Like Roku and Box, Was Misunderstood By Investors
businesswire
Box to Present at Investor Conferences
Monday, 20 November 2017
+2.80%
yahoo video
Is the bottom in for IBM & General Electric?
Sunday, 19 November 2017
seekingalpha
iStar Inc. From The Perspective Of A Preferred Investor
Saturday, 18 November 2017
barrons
Unicorns: What Are They Really Worth?
Friday, 17 November 2017
-0.05%
thestreet
Box Office Preview: Superhero Mashup 'Justice League' Aims for $110 Million Open
Thursday, 16 November 2017
+1.83%
bloomberg
Amazon May Not Kill Big-Box Retail After All
Wednesday, 15 November 2017
+0.65%
seekingalpha
AMC: Strong 2018 Outlook Trumps Guidance Cut
nasdaq
Kavi Asset Management, LP Buys Jack In The Box Inc, ILG Inc, Bemis Co Inc ...
Tuesday, 14 November 2017
+0.05%
thestreet
Another Activist Joins Jack-in-the-Box Shareholders
Monday, 13 November 2017
+0.18%
thestreet
Does Buffalo Wild Wings Need a Private Equity Deal to Prove It's Not Dead?
Sunday, 12 November 2017
bloomberg
'Thor' Outdraws New Films 'Daddy's Home,' 'Orient Express'
Friday, 10 November 2017
+1.47%
simplywall.st
Is Box Inc’s Balance Sheet A Threat To Its Future?
Friday, 10 November 2017
+1.47%
thestreet
Box Office Preview: 'Murder on the Orient Express' Takes On 'Daddy's Home 2'
fool
Why Box's Stock Jumped 13% Last Month
Thursday, 9 November 2017
-0.81%
fool
Why 2017 was a Year to Forget for Cisco Systems, Inc.
seekingalpha
Buy Neurocrine, But At Cheaper Prices
Tuesday, 7 November 2017
-0.65%
businesswire
Box Sets Date to Announce Third Quarter Fiscal 2018 Financial Results
Monday, 6 November 2017
-0.96%
seekingalpha
Post-earnings slip for AMC Entertainment
Sunday, 5 November 2017
thestreet
Surprise Arrest of Saudi Billionaire Alwaleed Bin Talal Overshadows Big Earnings
Friday, 3 November 2017
+0.50%
seekingalpha
Cinemark outperforms industry box office
Tuesday, 31 October 2017
+1.86%
globenewswire
Consolidated Research: 2018 Summary Expectations for Columbia Property Trust, Dr Pepper Snapple, Immune Pharmaceuticals, Air Products and Chemicals, Box, and ACADIA Pharma – Fundamental Analysis, Key Performance Indications
Monday, 30 October 2017
-0.28%
reuters
AT&T says collaborating with Box Inc
Sunday, 29 October 2017
bloomberg
'Jigsaw' Wins Weekend Battle of Horror Films at Box Office
Friday, 27 October 2017
-0.14%
simplywall.st
Should You Buy Box Inc ?
Thursday, 26 October 2017
+0.09%
marketwatch
'Justice League' opening weekend box office could be one of the biggest of 2017
Wednesday, 25 October 2017
+1.47%
yahoo video
Yahoo Finance Live: Midday Movers - Oct 25th, 2017
bloomberg
Silicon Valley Gets Behind Initiative to Challenge Trump's Agenda in Court
investors
Stocks Showing Improving Market Leadership: Box Earns 82 RS Rating
Monday, 23 October 2017
-3.83%
seekingalpha
Sluggish weekend for US box office
accesswire
Today's Research Reports on Stocks to Watch: Box Inc. and Digital Alley Inc.
Friday, 20 October 2017
+3.51%
thestreet
Weekend Box Office Preview: Tyler Perry's 'Boo 2' Set to Win Crowded Weekend
Thursday, 19 October 2017
+1.03%
marketwatch
Under Armour launches a subscription box service, ArmourBox
Wednesday, 18 October 2017
+0.88%
seekingalpha
Short Tempur Sealy: The Next Dick's Sporting Goods
marketwatch
Hollywood's box office failures go beyond Rotten Tomatoes ratings
reuters
U.S. FDA SELECTS BOX FOR CLOUD CONTENT MANAGEMENT
businesswire
U.S. Food and Drug Administration Selects Box for Cloud Content Management
Tuesday, 17 October 2017
+0.70%
nasdaq
Data Deposit Box Does Enjoy A 'Double Take' at Long Beach with Two ChannelPro ...
fortune
Dropbox Launches a New File Sharing Service for Freelancers and Contractors
Saturday, 14 October 2017
marketwatch
Box shares close at 4-month high as new products make case for $1 billion revenue target
Friday, 13 October 2017
+3.85%
nasdaq
Notable Friday Option Activity: JACK, SSYS, CHTR
marketwatch
Box shares rise as new products make case for $1 billion revenue model
reuters
Facebook launches US food order and delivery service
Thursday, 12 October 2017
+0.36%
bloomberg
TPG Technology Co-Head Bryan Taylor to Leave After 13 Years
bloomberg
Mattress Firm Creates Bed-in-Box Startup to Challenge Casper
wsj
The Morning Download: GM CIO Randy Mott Says Digital Transformation Is About Business, Not Technology
Wednesday, 11 October 2017
+0.26%
yahoo video
Box CEO: We're bringing machine learning to the Box platf...
wsj
Box Partners With Cloud Giants To Offer AI Services
businesswire
Box Unveils Box Skills to Bring Intelligence to Cloud Content Management
Tuesday, 10 October 2017
-0.21%
seekingalpha
CNBC: Amazon considering deliveries inside homes, into car trunks
marketwatch
BabyGap launches subscription box service
Monday, 9 October 2017
-0.47%
bloomberg
Peering Inside Google's $19 Billion Black Box
seekingalpha
Cirrus Logic: The Impact Of Apple's New iPhones
Saturday, 7 October 2017
seekingalpha
Stocks to watch next week
thestreet
Odds of Potbelly Sale Increase With Activist Appointment
Friday, 6 October 2017
+1.21%
thestreet
Weekend Box Office Preview: 'Blade Runner' on Pace for Huge $45 Million Opening
bloomberg
'Blade Runner 2049' Gains Momentum as Rare Reboot That Works
Thursday, 5 October 2017
-0.94%
marketwatch
Hollywood box office revenue is expected to bounce back in the fourth quarter
marketwatch
Movie theater stocks gain after Morgan Stanley analyst upgrades, says box ...
Wednesday, 4 October 2017
-0.21%
bloomberg
PepsiCo Makes a Bigger Online Bet After Amazon Rattles Grocery Industry
Tuesday, 3 October 2017
+2.23%
thestreet
Dominos and Wendy's Are Kickin', Thanks to Millennials
fool
Intercept Pharmaceuticals, Inc. Was Halved in September, but Presents an ...
seekingalpha
Stifel Nicolaus adds more coverage into the restaurant sector
Monday, 2 October 2017
-2.59%
zacks
BOX Down 4.3% Since Earnings Report: Can It Rebound?
Sunday, 1 October 2017
bloomberg
`Kingsman' Edges Out `It' to Win Tight Box Office Race
Friday, 29 September 2017
+2.55%
nasdaq
Jack in the Box Breaks Above 200-Day Moving Average - Bullish for JACK
Wednesday, 27 September 2017
+2.57%
bloomberg
Amazon Prepares for Apple and Google Competition With Home Devices Push
seekingalpha
AMD Powers Atari
Date
#
Company
Insider Title
Trans.
Transaction
Shares Price per share Total price Shares after Source
2018-01-10 Dana L Evan
Director
Director Sale 7,500 $21.15 $158,625
2018-01-10
13,899
2018-01-08 Rory O'driscoll
Director
Director Sale 500,000 $21.55 $10,775,000
2018-01-08
0
2018-01-03 Dana L Evan
Director
Director Sale 7,500 $21.65 $162,375
2018-01-03
13,899
2017-12-19 Rory O'driscoll
Director
Director Sale 592,309 $20.88 $12,367,412
2017-12-19
0
2017-12-15 Daniel J Levin
President & COO
President & COO Sale 30,000 $21.05 $631,500
2017-12-15
0
2017-12-11 Dylan C Smith
Chief Financial Officer
Chief Financial Officer Sale 13,000 $20.84 $270,920
2017-12-11
0
2017-12-11 Josh Stein
Director
Director Sale 25,000 $20.73 $518,250
2017-12-11
159,996
2017-12-05 Peter M Mc Goff
SVP, Gen. Counsel & Secretary
SVP, Gen. Counsel & Secretary Sale 70,000 $20.30 $1,421,000
2017-12-05
278,748
2017-12-05 Rory O'driscoll
Director
Director Sale 600,000 $20.50 $12,300,000
2017-12-05
0
2017-11-15 Daniel J Levin
President & COO
President & COO Sale 30,000 $21.73 $651,900
2017-11-15
0
2017-10-13 Daniel J Levin
President & COO
President & COO Sale 50,000 $19.95 $997,500
2017-10-13
0
2017-10-10 Dylan C Smith
Chief Financial Officer
Chief Financial Officer Sale 13,000 $19.06 $247,780
2017-10-10
0
2017-09-28 Jeff Mannie
VP Controller & Chief Acct Ofr
VP Controller & Chief Acct Ofr Sale 6,145 $19.00 $116,755
2017-09-28
47,279
2017-09-28 Rory O'driscoll
Director
Director Sale 224,000 $19.22 $4,305,280
2017-09-28
0
2017-09-25 Rory O'driscoll
Director
Director Sale 100,000 $18.56 $1,856,000
2017-09-25
0
2017-09-20 Rory O'driscoll
Director
Director Sale 115,000 $18.08 $2,079,200
2017-09-20
0
2017-09-15 Rory O'driscoll
Director
Director Sale 233,066 $18.41 $4,290,745
2017-09-15
0
2017-09-15 Daniel J Levin
President & COO
President & COO Sale 20,000 $18.53 $370,600
2017-09-15
0
2017-09-12 Peter M Mc Goff
SVP, Gen. Counsel & Secretary
SVP, Gen. Counsel & Secretary Sale 80,000 $18.52 $1,481,600
2017-09-12
206,135
2017-09-05 Daniel J Levin
President & COO
President & COO Sale 57,444 $18.43 $1,058,693
2017-09-05
0
2017-08-15 Daniel J Levin
President & COO
President & COO Sale 20,000 $18.60 $372,000
2017-08-15
0
2017-07-27 Daniel J Levin
President & COO
President & COO Sale 50,000 $20.00 $1,000,000
2017-07-27
0
2017-07-17 Daniel J Levin
President & COO
President & COO Sale 40,000 $18.93 $757,200
2017-07-17
0
2017-07-05 Fisher Jurvetson Fund Viii ...
Sale 320,000 $18.07 $5,782,400
2017-07-05
0
2017-07-05 Fisher Jurvetson Fund Viii ...
Sale 320,000 $18.07 $5,782,400
2017-07-05
0
2017-06-23 Rory O'driscoll
Director
Director Sale 274,756 $19.34 $5,313,781
2017-06-23
0
2017-06-20 Rory O'driscoll
Director
Director Sale 332,992 $19.04 $6,340,168
2017-06-20
0

Notable SEC filings of Box, Inc.

Date Contents
Source
2017-09-08 10-Q Quarterly report
2017-08-30 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-07-12 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits
2017-06-23 8-K Submission of Matters to a Vote of Security Holders; Financial Statements and Exhibits
2017-06-09 10-Q Quarterly report
2017-05-31 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-03-24 10-K Yearly report
2017-03-01 8-K Entry into a Material Definitive Agreement; Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-12-08 10-Q Quarterly report
2016-11-30 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-09-07 10-Q Quarterly report
2016-08-31 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-06-24 8-K Submission of Matters to a Vote of Security Holders
2016-06-09 10-Q Quarterly report
2016-06-09 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
2016-06-01 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-03-30 10-K Yearly report
2016-03-09 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-01-29 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
2015-12-14 10-Q Quarterly report
2015-12-07 8-K Entry into a Material Definitive Agreement; Termination of a Material Definitive Agreement; Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; Financial Statements and Exhibits
2015-12-02 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2015-09-11 10-Q Quarterly report
2015-09-09 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2015-06-29 8-K Submission of Matters to a Vote of Security Holders
2015-06-12 10-Q Quarterly report
Buy DA Davidson 14 February 2018
Buy Canaccord Genuity 12 October 2017
Market Perform → Outperform
Raymond James 24 September 2017
Overweight
Mitsubishi UFJ 30 August 2017

Box executives

Insider Title Age Since Compensation
Peter McGoff (51)
Senior Vice President, General Counsel and Corporate Secretary since 2012
Senior Vice President, General Counsel and Corporate Secretary 51 2012 $2,651,720
Dan Levin (53)
Director since 2017
Director 53 2017 $2,030,570
Dylan Smith (31)
Chief Financial Officer, Director since 2005
Chief Financial Officer, Director 31 2005 $474,288
Aaron Levie (32)
Chairman of the Board, Chief Executive Officer since 2013
Chairman of the Board, Chief Executive Officer 32 2013 $285,400
Rory O Driscoll (52)
Lead Independent Director since 2010
Lead Independent Director 52 2010 $230,472
Dana Evan (57)
Independent Director since 2011
Independent Director 57 2011 $226,472
Josh Stein (43)
Independent Director since 2006
Independent Director 43 2006 $218,472
Steve Krausz (62)
Independent Director since 2013
Independent Director 62 2013 $210,472
Gary Reiner (62)
Independent Director since 2012
Independent Director 62 2012
Christy Lake
Chief People Officer since 2018
Chief People Officer 2018
Stephanie Carullo (49)
Chief Operating Officer since 2017
Chief Operating Officer 49 2017

About Box, Inc.

Box, Inc. logo

Box, Inc. provides cloud content management platform that enables organizations of various sizes to manage their enterprise content from anywhere. The company's platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features. Box, Inc. offers its solution in 22 languages. It serves healthcare and life sciences, financial services, legal services, media and entertainment, retail, education, energy, and government industries primarily in the United States. The company was formerly known as Box.net, Inc. and changed its name to Box, Inc. in November 2011. Box, Inc. was founded in 2005 and is headquartered in Redwood City, California.

  • Box, Inc., 900 Jefferson Avenue, Redwood City 94063, United States
  • box.com
  • 877-729-4269

Quarterly EPS estimates

Profit margin

Debt to assets

Cash flow

Balance sheet

(in millions) 2017Q3 2017Q2 2017Q2 2017Q1
Current assets
Cash $172.857 $165.275 $183.691 $177.391
Short term investments
Net receivables $95.868 $107.891 $82.767 $120.113
Inventory
Other current assets $27.246 $29.918 $27.612 $24.597
Total current assets $295.971 $303.084 $294.07 $322.101
Long term investments
Property, plant & equipment $118.278 $117.083 $117.568 $117.176
Goodwill $16.293 $16.293 $16.293 $16.293
Intangible assets $0.063 $0.101 $0.14 $0.543
Other assets $36.164 $37.149 $35.804 $37.561
Deferred long term asset charges
Total assets $466.769 $473.71 $463.875 $493.674
Current liabilities
Accounts payable $51.506 $57.073 $50.192 $54.786
Short long term debt $18.071 $17.266 $15.663 $13.748
Other current liabilities $227.341 $222.747 $209.699 $229.407
Total current liabilities $296.918 $297.086 $275.554 $297.941
Long term debt $66.667 $66.037 $64.644 $61.697
Other liabilities $3.129 $2.982 $2.804 $1.769
Deferred long term liabilities $73.755 $65.694 $61.029 $57.535
Minority interest
Total liabilities $440.469 $431.799 $404.031 $418.942
Stockholders' equity
Stock option warrants
Common stock $0.013 $0.013 $0.013 $0.013
Retained earnings -$1,006.423 -$963.499 -$924.214 -$884.128
Treasury stock -$1.177 -$1.177 -$1.177 -$1.177
Capital surplus $1,033.917 $1,006.516 $985.313 $960.144
Other stockholder equity -$0.03 $0.058 -$0.091 -$0.12
Total stockholder equity $26.3 $41.911 $59.844 $74.732
Net tangible assets $9.944 $25.517 $43.411 $57.896
(in millions) 2017 2016 2015
Current assets
Cash $177.391 $185.741 $330.436
Short term investments $7.379
Net receivables $120.113 $99.542 $54.174
Inventory
Other current assets $24.597 $27.332 $21.619
Total current assets $322.101 $319.994 $406.229
Long term investments
Property, plant & equipment $117.176 $120.492 $58.446
Goodwill $16.293 $14.301 $11.242
Intangible assets $0.543 $3.895 $6.343
Other assets $37.561 $38.806 $10.406
Deferred long term asset charges
Total assets $493.674 $497.488 $492.666
Current liabilities
Accounts payable $54.786 $77.419 $54.834
Short long term debt $13.748 $4.698 $0.625
Other current liabilities $229.407 $168.349 $110.594
Total current liabilities $297.941 $250.466 $166.053
Long term debt $61.697 $47.316 $41.238
Other liabilities $1.769 $1.769 $1.192
Deferred long term liabilities $57.535 $60.036 $16.054
Minority interest
Total liabilities $418.942 $359.587 $224.537
Stockholders' equity
Stock option warrants
Common stock $0.013 $0.012 $0.012
Retained earnings -$884.128 -$732.341 -$529.393
Treasury stock -$1.177 -$1.177 -$1.177
Capital surplus $960.144 $871.491 $798.743
Other stockholder equity -$0.12 -$0.084 -$0.056
Total stockholder equity $74.732 $137.901 $268.129
Net tangible assets $57.896 $119.705 $250.544

Income statement

(in millions) 2017Q3 2017Q2 2017Q2 2017Q1
Revenue
Total revenue $129.304 $122.941 $117.222 $109.926
Cost of revenue $34.471 $32.778 $32.723 $29.554
Gross profit $94.833 $90.163 $84.499 $80.372
Operating expenses
Research & development $34.812 $34.042 $33.534 $31.104
Selling, general & administrative $102.58 $95.117 $90.944 $85.661
Non-recurring
Other operating expenses
Total operating expenses
Operating income -$42.559 -$38.996 -$39.979 -$36.393
Income from continuing operations
Net other income $0.277 $0.267 $0.016 $0.069
EBIT -$42.282 -$38.729 -$39.963 -$36.324
Interest expense $0.287 $0.236 $0.279 $0.309
Income before tax -$42.569 -$38.965 -$40.242 -$36.633
Income tax expense $0.355 $0.32 -$0.156 $0.244
Minority interest
Net income from continuing ops -$42.924 -$39.285 -$40.086 -$36.877
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA -$42.924 -$39.285 -$40.086 -$36.877
Income (for common shares) -$42.924 -$39.285 -$40.086 -$36.877
(in millions) 2017 2016 2015
Revenue
Total revenue $398.605 $302.704 $216.44
Cost of revenue $112.13 $87.1 $47.273
Gross profit $286.475 $215.604 $169.167
Operating expenses
Research & development $115.928 $102.5 $66.402
Selling, general & administrative $321.202 $314.107 $269.421
Non-recurring
Other operating expenses
Total operating expenses
Operating income -$150.655 -$201.003 -$166.656
Income from continuing operations
Net other income $0.678 -$0.098 -$0.131
EBIT -$149.977 -$201.101 -$166.787
Interest expense $0.896 $1.157 $2.009
Income before tax -$150.873 -$202.258 -$168.796
Income tax expense $0.914 $0.69 -$0.569
Minority interest
Net income from continuing ops -$151.787 -$202.948 -$168.227
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA -$151.787 -$202.948 -$168.227
Income (for common shares) -$151.787 -$202.948 -$181.992

Cash flow

(in millions) 2017Q3 2017Q2 2017Q2 2017Q1
Net income -$42.924 -$39.285 -$40.086 -$36.877
Operating activities
Depreciation $15.306 $15.133 $14.562 $13.272
Net income adjustments $25.399 $24.086 $22.968 $23.32
Change in accounts receivable $12.023 -$25.124 $37.346 -$34.118
Changes in liabilities $4.747 $23.477 -$21.454 $57.439
Changes in inventory
Changes in other operating activities -$0.457 -$7.81 -$4.795 -$8.315
Total cash flow from operations $14.094 -$9.523 $8.541 $14.721
Investing activities
Capital expenditures -$3.003 -$1.013 -$0.784 -$1.317
Investments
Other cash flows from investing $0.002 $0.002 $0.027 $0.003
Total cash flows from investing -$3.001 -$1.011 -$0.757 -$1.314
Financing activities
Dividends paid
Sale and purchase of stock $12.642 $2.957 $11.337 $3.483
Net borrowings -$4.781 -$4.176 -$3.736 -$3.143
Other cash flows from financing -$11.284 -$6.812 -$9.114 -$3.958
Total cash flows from financing -$3.423 -$8.031 -$1.513 -$3.724
Effect of exchange rate -$0.088 $0.149 $0.029 -$0.092
Change in cash and equivalents $7.582 -$18.416 $6.3 $9.591
(in millions) 2017 2016 2015
Net income -$151.787 -$202.948 -$168.227
Operating activities
Depreciation $58.414 $56.21 $41.098
Net income adjustments $78.486 $60.593 $30.964
Change in accounts receivable -$20.571 -$45.368 -$11.487
Changes in liabilities $45.443 $80.277 $40.168
Changes in inventory
Changes in other operating activities -$11.203 -$15.085 -$17.416
Total cash flow from operations -$1.218 -$66.321 -$84.9
Investing activities
Capital expenditures -$14.956 -$72.939 -$38.681
Investments $7.297 -$7.724 -$7.724
Other cash flows from investing $0.087 -$0.198 -$0.202
Total cash flows from investing -$7.572 -$80.861 -$38.883
Financing activities
Dividends paid
Sale and purchase of stock $26.812 $15.125 $339.867
Net borrowings -$8.675 -$42.036 -$6.069
Other cash flows from financing -$17.552 -$10.436 -$0.359
Total cash flows from financing $0.479 $2.513 $345.439
Effect of exchange rate -$0.039 -$0.026 -$0.071
Change in cash and equivalents -$8.35 -$144.695 $221.585
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