Financial Summary (All financials)
In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
Revenues | 2,744.6 | 2,151.9 | 1,792.2 | 1,332.8 | 1,303.8 |
Revenue growth | 27.5% | 20.1% | 34.5% | 2.2% | |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 199.1 | 0.0 |
Gross profit | 2,744.6 | 2,151.9 | 1,792.2 | 1,133.7 | 1,303.8 |
Gross margin | 100.0% | 100.0% | 100.0% | 85.1% | 100.0% |
Sales and marketing | 204.8 | 146.5 | 170.0 | 143.0 | 119.6 |
Research and development | 374.0 | 326.8 | 230.2 | 186.0 | 113.4 |
General and administrative | 158.2 | 148.7 | 103.7 | 119.4 | 121.4 |
EBITA | 1,741.2 | 1,332.2 | 1,096.7 | 773.6 | 849.5 |
EBITA margin | 63.4% | 61.9% | 61.2% | 58.0% | 65.2% |
Amortization of intangibles | 29.4 | 13.9 | 17.9 | 31.7 | 15.7 |
EBIT | 1,711.8 | 1,318.3 | 1,078.8 | 741.9 | 833.8 |
EBIT margin | 62.4% | 61.3% | 60.2% | 55.7% | 64.0% |
Pre-tax income | 270.7 | 1,202.3 | 1,267.0 | 897.6 | 944.1 |
Income taxes | -345.6 | -124.2 | -352.4 | -89.3 | 85.1 |
Tax rate | | | | | 9.0% |
Net income | 1,652.9 | 1,150.2 | 932.8 | 811.2 | 858.7 |
Net margin | 60.2% | 53.5% | 52.0% | 60.9% | 65.9% |
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Diluted EPS | $6.70 | $4.78 | $4.02 | $3.47 | $3.67 |
Shares outstanding (diluted) | 246.8 | 240.8 | 232.0 | 233.9 | 234.0 |
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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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