Financial Summary (All financials)
In millions, except per share items | Dec-31-08 | Dec-31-07 | Dec-02-06 | Jan-01-06 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 |
Revenues | 5,226.0 | 5,722.0 | 565.0 | 5,794.0 | 5,715.0 | 4,864.0 | 5,001.0 | 5,097.0 |
Revenue growth | -8.7% | | | 1.4% | 17.5% | -2.7% | -1.9% | |
Cost of goods sold | 3,154.0 | 3,821.0 | 450.0 | 3,175.0 | 3,617.0 | 3,455.0 | 3,763.0 | 4,687.0 |
Gross profit | 2,072.0 | 1,901.0 | 115.0 | 2,619.0 | 2,098.0 | 1,409.0 | 1,238.0 | 410.0 |
Gross margin | 39.6% | 33.2% | 20.4% | 45.2% | 36.7% | 29.0% | 24.8% | 8.0% |
Selling, general and administrative | 666.0 | 647.0 | 59.0 | 670.0 | 637.0 | 609.0 | 604.0 | 656.0 |
Research and development | 1,140.0 | 1,139.0 | 99.0 | 1,105.0 | 1,099.0 | 1,071.0 | 993.0 | 1,015.0 |
EBIT | -829.0 | -1,259.0 | -149.0 | 845.0 | 266.0 | -304.0 | -1,515.0 | -1,874.0 |
EBIT margin | -15.9% | -22.0% | -26.4% | 14.6% | 4.7% | -6.3% | -30.3% | -36.8% |
Pre-tax income | -543.0 | -886.0 | -134.0 | 26.0 | 263.0 | -319.0 | -1,681.0 | -2,125.0 |
Income taxes | -543.0 | -886.0 | -134.0 | 26.0 | 52.0 | 47.0 | 86.0 | 56.0 |
Tax rate | 100.0% | 100.0% | 100.0% | 100.0% | 19.8% | | | |
Net income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -2,181.0 |
Net margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -42.8% |
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Diluted EPS | | | | | $0.00 | | | |
Shares outstanding (diluted) | | | | | 334.0 | | | |
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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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