Financial Summary (All financials)
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 |
Revenues | 382.7 | 331.7 | 908.9 | 1,021.4 | 918.1 | 964.0 | 871.7 | 842.0 |
Revenue growth | 15.4% | -63.5% | -11.0% | 11.3% | -4.8% | 10.6% | 3.5% | 42.3% |
Cost of goods sold | 138.4 | 117.3 | 545.7 | 590.8 | 536.3 | 564.9 | 509.7 | 568.3 |
Gross profit | 244.3 | 214.4 | 363.2 | 430.7 | 381.8 | 399.0 | 362.0 | 273.7 |
Gross margin | 63.8% | 64.6% | 40.0% | 42.2% | 41.6% | 41.4% | 41.5% | 32.5% |
Selling, general and administrative | | | | 254.9 | 244.5 | 282.5 | 283.4 | 448.1 |
Sales and marketing | 108.3 | 93.6 | 119.1 | | | | | |
Research and development | | | | 35.7 | 33.1 | 43.0 | 43.5 | 43.6 |
General and administrative | 89.5 | 104.3 | 132.3 | | | | | |
EBIT | -72.0 | -48.6 | 381.9 | 17.8 | 3.6 | -21.6 | -95.1 | -6,696.7 |
EBIT margin | -18.8% | -14.7% | 42.0% | 1.7% | 0.4% | -2.2% | -10.9% | -795.3% |
Pre-tax income | 499.1 | 15.4 | 428.8 | 55.7 | 41.6 | 20.7 | -63.2 | -6,665.8 |
Income taxes | 30.3 | -8.7 | 50.4 | 3.3 | 6.9 | 4.1 | -10.1 | 2.6 |
Tax rate | 6.1% | | 11.8% | 5.9% | 16.7% | 20.0% | 15.9% | |
Earnings from continuing ops | 471.8 | 42.1 | 378.8 | 52.4 | 34.7 | 16.6 | -53.1 | -6,668.4 |
Earnings from discontinued ops | | | | 16.4 | 2.0 | 33.6 | 3.4 | -4.0 |
Net income | 565.3 | 19.9 | 771.9 | 68.8 | 36.6 | -17.0 | -49.7 | -6,672.3 |
Net margin | 147.7% | 6.0% | 84.9% | 6.7% | 4.0% | -1.8% | -5.7% | -792.4% |
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Diluted EPS | $2.14 | $0.22 | $1.14 | $0.15 | $0.10 | $0.05 | ($0.17) | ($19.13) |
Shares outstanding (diluted) | 220.1 | 188.8 | 331.6 | 352.9 | 333.3 | 325.8 | 304.2 | 348.6 |
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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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