Financial Summary (All financials)
In millions, except per share items | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Oct-01-02 | Dec-31-01 | Dec-31-00 |
Revenues | 1,739.2 | 1,658.1 | 1,559.8 | 1,436.4 | 347.1 | 934.4 | 1,232.4 | 1,183.7 |
Revenue growth | 4.9% | 6.3% | 8.6% | 313.8% | -71.8% | | 4.1% | |
Cost of goods sold | 788.1 | 741.3 | 704.8 | 678.2 | 228.8 | 467.5 | 595.6 | 583.4 |
Gross profit | 951.1 | 916.8 | 855.0 | 758.2 | 118.3 | 466.9 | 636.8 | 600.3 |
Gross margin | 54.7% | 55.3% | 54.8% | 52.8% | 34.1% | 50.0% | 51.7% | 50.7% |
Selling, general and administrative | 565.4 | 548.6 | 529.2 | 493.9 | 124.5 | 322.9 | 432.3 | 470.8 |
Research and development | 160.7 | 141.5 | 134.0 | 117.5 | 28.8 | 65.3 | 83.7 | 103.3 |
EBITA | 225.0 | 226.7 | 191.8 | 146.8 | -37.2 | 40.4 | 109.6 | 7.0 |
EBITA margin | 12.9% | 13.7% | 12.3% | 10.2% | -10.7% | 4.3% | 8.9% | 0.6% |
Amortization of intangibles | | | | | | | 8.9 | 5.0 |
EBIT | 225.0 | 226.7 | 191.8 | 146.8 | -37.2 | 40.4 | 100.7 | 2.0 |
EBIT margin | 12.9% | 13.7% | 12.3% | 10.2% | -10.7% | 4.3% | 8.2% | 0.2% |
Pre-tax income | 178.2 | 164.7 | 120.4 | 74.3 | -50.0 | 1,531.2 | -93.3 | -162.6 |
Income taxes | 58.2 | 39.8 | 40.5 | 26.2 | -1.4 | 20.1 | 8.4 | 363.2 |
Tax rate | 32.7% | 24.2% | 33.6% | 35.3% | 2.8% | 1.3% | | |
Net income | 120.0 | 124.9 | 79.9 | 48.1 | -48.6 | 1,531.1 | -101.7 | -532.6 |
Net margin | 6.9% | 7.5% | 5.1% | 3.3% | -14.0% | 163.9% | -8.3% | -45.0% |
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Diluted EPS | $1.36 | $1.36 | $0.88 | $0.57 | | | | |
Shares outstanding (diluted) | 88.2 | 91.8 | 90.8 | 84.4 | | | | |
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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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