WEATHERFORD INTERNATIONAL LTD (WFT) [Rocket]

In millions, except per share items	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04	Dec-31-03	Dec-31-02	Dec-31-01
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Other Countries	5,140.4	3,894.6	2,906.3	1,932.5
North America		3,937.5	3,672.6	2,400.7
United States	3,392.9	2,955.1	2,512.8	1,609.2	1,141.0	855.3	774.3	949.3
Completion & Production Systems					1,434.1	1,068.4
Other	1,067.2				556.7	638.3	1,514.1	1,379.4
Total revenues	9,600.6	7,832.1	6,578.9	4,333.2	3,131.8	2,562.0	2,288.4	2,328.7
Revenue growth [+]	22.6%	19.0%	51.8%	38.4%	22.2%	12.0%	-1.7%
Other Countries	32.0%	34.0%	50.4%
North America		7.2%	53.0%
United States	14.8%	17.6%	56.2%	41.0%	33.4%	10.5%	-18.4%
Completion & Production Systems					34.2%
Cost of goods sold	6,242.5	5,057.6	4,212.8	2,949.1	1,047.7	911.6	1,595.6	1,526.8
Gross profit	3,358.1	2,774.5	2,366.1	1,384.2	2,084.1	1,650.5	692.9	801.9
Gross margin	35.0%	35.4%	36.0%	31.9%	66.5%	64.4%	30.3%	34.4%
Selling, general and administrative [+]	187.1	130.4	115.6	77.2	55.9	42.2	44.0	39.7
General and administrative	187.1	130.4	115.6	77.2	55.9	42.2	44.0	39.7
Research and development	192.7	169.3	149.4	107.4	83.6	82.4	79.2	50.8
Equity in earnings					-3.8	-14.9
Other operating expenses	918.5	850.4	746.4	629.0	1,542.4	1,239.6	506.3	302.0
EBITDA [+]	2,791.7	2,230.6	1,837.6	904.9	654.3	503.7	278.1	617.6
EBITDA growth	25.2%	21.4%	103.1%	38.3%	29.9%	81.1%	-55.0%
EBITDA margin	29.1%	28.5%	27.9%	20.9%	20.9%	19.7%	12.2%	26.5%
Depreciation and amortization	731.8	606.2	482.9	334.3	255.9	232.4	214.7	208.1
EBIT [+]	2,059.9	1,624.3	1,354.7	570.6	398.4	271.3	63.4	409.5
EBIT growth	26.8%	19.9%	137.4%	43.2%	46.9%	327.8%	-84.5%
EBIT margin	21.5%	20.7%	20.6%	13.2%	12.7%	10.6%	2.8%	17.6%
Non-recurring items	81.3
Interest expense, net [+]	243.7	171.3	102.6	69.0	59.7	74.5	82.8	71.4
Interest expense	243.7	171.3	102.6	80.2	63.6	76.4	85.4	74.0
Interest income				11.2	3.8	1.9	2.6	2.6
Other income (expense), net	-45.0	-8.6	-13.2	130.5	92.0	2.8	7.8	0.5
Pre-tax income	1,689.9	1,444.5	1,238.9	632.1	430.7	199.5	-11.6	338.6
Income taxes	288.8	332.8	321.5	161.2	92.7	51.6	-5.2	123.0
Tax rate	17.1%	23.0%	25.9%	25.5%	21.5%	25.9%	44.7%	36.3%
Minority interest	-34.3	-19.8	-11.3	-0.8	-0.8	-0.7	-0.6	-0.9
Earnings from continuing ops	1,366.8	1,092.0	906.1	470.1	337.3	147.2	-7.0	214.7
Earnings from discontinued ops	-12.9	-21.4	-9.7	-2.7	-7.2	-3.9	0.9
Net income	1,353.9	1,070.6	896.4	467.4	330.1	143.4	-6.0	214.7
Net margin	14.1%	13.7%	13.6%	10.8%	10.5%	5.6%	-0.3%	9.2%

Basic EPS [+]	$2.00	$1.61	$1.31	$1.57	$1.26	$0.58	($0.06)	$1.88
Growth	24.1%	23.2%	-16.4%	24.4%	116.3%	-1103.9%	-103.1%
Diluted EPS [+]	$1.96	$1.57	$1.28	$1.46	$1.13	$0.56	($0.06)	$1.61
Growth	24.7%	23.0%	-12.5%	28.6%	103.0%	-1064.0%	-103.6%

Shares outstanding (basic) [+]	682.7	677.0	692.2	300.3	268.0	253.0	120.1	114.0
Growth	0.8%	-2.2%	130.5%	12.1%	5.9%	110.8%	5.3%
Shares outstanding (diluted) [+]	698.2	695.5	709.7	322.3	297.4	263.5	120.1	133.3
Growth	0.4%	-2.0%	120.2%	8.4%	12.8%	119.5%	-9.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.