ROHM & HAAS CO (ROH) [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:
U.S.	3,928	3,893	3,845	3,763	3,288	3,029	2,964
European Region	2,408	2,241	2,030	1,988	1,893	1,721	1,365
Asia- Pacific Region	2,313	1,973	1,659	1,455	1,339
Asia-Pacific Region						1,089	868
Other	926	790	696	679	666	582	530
Total revenues	9,575	8,897	8,230	7,885	7,186	6,421	5,727	5,666
Revenue growth [+]	7.6%	8.1%	4.4%	9.7%	11.9%	12.1%	1.1%	-10.8%
U.S.	0.9%	1.2%	2.2%	14.4%	8.6%	2.2%
European Region	7.5%	10.4%	2.1%	5.0%	10.0%	26.1%
Asia- Pacific Region	17.2%	18.9%	14.0%	8.7%
Asia-Pacific Region						25.5%
Cost of goods sold	7,165	6,430	5,747	5,512	5,095	4,508	3,910	4,008
Gross profit	2,410	2,467	2,483	2,373	2,091	1,913	1,817	1,658
Gross margin	25.2%	27.7%	30.2%	30.1%	29.1%	29.8%	31.7%	29.3%
Selling, general and administrative	1,138	1,091	1,041	1,008	966	892	879	861
Research and development	327	296	286	262	259	235	260	230
Other operating expenses	-229	86	32	-42	45	-144	-123	464
EBITDA [+]	1,641	1,406	1,531	1,567	1,240	1,341	1,189	665
EBITDA growth	16.7%	-8.2%	-2.3%	26.4%	-7.5%	12.8%	78.8%	-48.7%
EBITDA margin	17.1%	15.8%	18.6%	19.9%	17.3%	20.9%	20.8%	11.7%
Depreciation	404	355	351	367	361	344	319	406
EBITA	1,237	1,051	1,180	1,200	879	997	870	259
EBITA margin	12.9%	11.8%	14.3%	15.2%	12.2%	15.5%	15.2%	4.6%
Amortization of intangibles	63	57	56	55	58	67	69	156
EBIT [+]	1,174	994	1,124	1,145	821	930	801	103
EBIT growth	18.1%	-11.6%	-1.8%	39.5%	-11.7%	16.1%	677.7%	-85.1%
EBIT margin	12.3%	11.2%	13.7%	14.5%	11.4%	14.5%	14.0%	1.8%
Non-recurring items	199	28	27	98	18	196	177
Interest expense	164	120	94	117	133	126	132	182
Interest expense	164	120	94	117	133	126	132	182
Other income (expense), net	-254	20	26	-72	17	-193	-184	13
Pre-tax income	557	866	1,029	858	687	415	308	-66
Income taxes	77	206	274	242	203	127	98	5
Tax rate	13.8%	23.8%	26.6%	28.2%	29.5%	30.6%	31.8%
Minority interest	4	14	13	10	11
Earnings from continuing ops	480	660	755	616	484	288	210	-71
Earnings from discontinued ops	0	0	0	0	0
Net income	482	661	735	637	497	280	-570	395
Net margin	5.0%	7.4%	8.9%	8.1%	6.9%	4.4%	-10.0%	7.0%

Basic EPS [+]	$2.48	$3.18	$3.45	$2.78	$2.17	$1.30	$0.95	($0.32)
Growth	-21.9%	-7.9%	24.2%	27.8%	67.0%	36.8%	-394.8%
Diluted EPS [+]	$2.44	$3.13	$3.41	$2.75	$2.16	$1.29	$0.95	($0.32)
Growth	-21.9%	-8.4%	24.1%	27.4%	66.7%	36.8%	-393.5%

Shares outstanding (basic) [+]	194	208	219	222	223	222	221	220
Growth	-6.8%	-5.1%	-1.4%	-0.4%	0.6%	0.3%	0.3%	100318806.6%
Shares outstanding (diluted) [+]	197	211	221	224	224	222	222	220
Growth	-6.9%	-4.6%	-1.2%	-0.1%	0.8%	0.2%	0.8%	99863845.6%

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