Financial Summary (All financials)
In millions, except per share items | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 |
Revenues | 8,152.3 | 7,321.6 | 6,923.4 | 7,203.4 | 8,211.2 | 0.0 |
Revenue growth | 11.3% | 5.8% | -3.9% | -12.3% | | |
Cost of goods sold | 699.7 | 674.4 | 638.8 | 584.3 | 566.3 | 0.0 |
Gross profit | 7,452.6 | 6,647.2 | 6,284.5 | 6,619.1 | 7,644.9 | 0.0 |
Gross margin | 91.4% | 90.8% | 90.8% | 91.9% | 93.1% | |
Selling, general and administrative | 851.4 | 821.6 | 772.3 | 702.8 | 679.5 | 0.0 |
EBITA | 7,300.9 | 6,500.0 | 6,151.0 | 6,505.7 | 7,565.8 | 392.9 |
EBITA margin | 89.6% | 88.8% | 88.8% | 90.3% | 92.1% | |
Amortization of intangibles | | | | 5.1 | 34.0 | 2.4 |
EBIT | 7,300.9 | 6,500.0 | 6,151.0 | 6,500.5 | 7,531.8 | 390.5 |
EBIT margin | 89.6% | 88.8% | 88.8% | 90.2% | 91.7% | |
Pre-tax income | 1,054.6 | 923.5 | 891.1 | 871.8 | 770.6 | 329.1 |
Income taxes | 328.9 | 300.0 | 265.0 | 262.7 | 234.3 | 0.0 |
Tax rate | 31.2% | 32.5% | 29.7% | 30.1% | 30.4% | 0.0% |
Net income | 725.7 | 623.5 | 626.1 | 609.1 | 536.3 | 329.1 |
Net margin | 8.9% | 8.5% | 9.0% | 8.5% | 6.5% | |
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Diluted EPS | $2.04 | $1.74 | $1.77 | $1.68 | $1.45 | |
Shares outstanding (diluted) | 355.6 | 358.0 | 354.3 | 362.3 | 370.9 | |
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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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