Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 6,990.0 | 6,950.0 | 6,623.0 | 6,466.0 | 5,932.0 | 5,233.0 | 4,204.0 | 3,969.0 |
Revenue growth | 0.6% | 4.9% | 2.4% | 9.0% | 13.4% | 24.5% | 5.9% | 5.7% |
Cost of goods sold | 4,252.0 | 4,231.0 | 4,241.0 | 4,123.0 | 3,809.0 | 3,327.0 | 2,434.0 | 2,313.0 |
Gross profit | 2,738.0 | 2,719.0 | 2,382.0 | 2,343.0 | 2,123.0 | 1,906.0 | 1,770.0 | 1,656.0 |
Gross margin | 39.2% | 39.1% | 36.0% | 36.2% | 35.8% | 36.4% | 42.1% | 41.7% |
Selling, general and administrative | 630.0 | 665.0 | 504.0 | 451.0 | 398.0 | 365.0 | 355.0 | 382.0 |
EBITA | 2,094.0 | 2,102.0 | 1,910.0 | 1,983.0 | 1,803.0 | 1,549.0 | 1,458.0 | 1,376.0 |
EBITA margin | 30.0% | 30.2% | 28.8% | 30.7% | 30.4% | 29.6% | 34.7% | 34.7% |
Amortization of intangibles | 23.0 | 7.0 | | | | | | |
EBIT | 2,071.0 | 2,095.0 | 1,910.0 | 1,983.0 | 1,803.0 | 1,549.0 | 1,458.0 | 1,376.0 |
EBIT margin | 29.6% | 30.1% | 28.8% | 30.7% | 30.4% | 29.6% | 34.7% | 34.7% |
Pre-tax income | 1,936.0 | 1,884.0 | 1,728.0 | 1,770.0 | 1,635.0 | 1,519.0 | 1,434.0 | 1,383.0 |
Income taxes | 749.0 | 704.0 | 629.0 | 654.0 | 606.0 | 571.0 | 547.0 | 485.0 |
Tax rate | 38.7% | 37.4% | 36.4% | 36.9% | 37.1% | 37.6% | 38.1% | 35.1% |
Net income | 1,183.0 | 1,177.0 | 1,096.0 | 1,113.0 | 1,029.0 | 948.0 | 887.0 | 898.0 |
Net margin | 16.9% | 16.9% | 16.5% | 17.2% | 17.3% | 18.1% | 21.1% | 22.6% |
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Diluted EPS | $3.28 | $3.15 | $2.81 | $2.66 | $2.26 | $5.76 | $5.15 | $5.16 |
Shares outstanding (diluted) | 360.8 | 373.7 | 390.1 | 418.1 | 455.2 | 164.6 | 172.2 | 173.9 |
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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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