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WYETH (WYE)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03
   10-K10-K10-K10-K10-K10-K
Total revenues  22,833.922,399.820,350.718,755.817.415.9
            Revenue growth  1.9%10.1%8.5%107952.5%9.5% 
Cost of goods sold  6,247.86,313.75,587.95,431.24.94.6
Gross profit  16,586.116,086.114,762.813,324.612.411.3
            Gross margin  72.6%71.8%72.5%71.0%71.5%71.0%
Selling, general and administrative  6,838.46,753.76,502.06,117.75.85.5
Research and development  3,373.23,256.83,109.12,749.42.52.1
EBITDA   [+]7,382.16,994.35,954.86,040.1622.7540.9
            EBITDA margin  32.3%31.2%29.3%32.2%3587.4%3412.4%
Depreciation and amortization  928.6842.7761.7749.2581.6505.7
EBITA  6,453.66,151.65,193.15,290.941.135.2
            EBITA margin  28.3%27.5%25.5%28.2%237.0%222.0%
Amortization of intangibles  79.076.041.437.740.832.2
EBIT   [+]6,374.66,075.65,151.85,253.20.33.0
            EBIT margin  27.9%27.1%25.3%28.0%1.8%19.0%
Interest expense, net   [+]24.9-90.5-6.674.80.10.1
Other income (expense), net  -11.5290.5271.5-397.9-0.3-0.5
Pre-tax income  6,338.16,456.75,429.94,780.6-0.12.4
Income taxes  1,920.31,840.71,233.21,124.3-1.40.3
            Tax rate  30.3%28.5%22.7%23.5%1050.3%13.1%
Net income  4,417.84,616.04,196.73,656.31.22.1
            Net margin  19.3%20.6%20.6%19.5%7.1%12.9%
   
Basic EPS   [+]$3.31$3.44$3.12$2.73$0.93$1.54
Diluted EPS   [+]$3.27$3.38$3.08$2.70$0.91$1.54
   
   
Shares outstanding (basic)   [+]1,334.71,341.81,345.11,339.31.31.3
Shares outstanding (diluted)   [+]1,351.01,365.71,362.61,354.21.41.3
   
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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