Financial Summary (All financials)
In millions, except per share items | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 |
Revenues | 103,920.0 | 100,426.0 | 103,053.0 | 62,894.0 | 31,298.0 | 52,833.0 | 3,030.0 | 0.0 |
Revenue growth | 3.5% | -2.5% | 63.9% | 101.0% | -40.8% | 1643.7% | | |
Cost of goods sold | 32,444.0 | 25,072.0 | 13,582.0 | 9,925.0 | 6,484.0 | 10,576.0 | 0.0 | 0.0 |
Gross profit | 71,476.0 | 75,354.0 | 89,471.0 | 52,969.0 | 24,814.0 | 42,257.0 | 3,030.0 | 0.0 |
Gross margin | 68.8% | 75.0% | 86.8% | 84.2% | 79.3% | 80.0% | 100.0% | |
General and administrative | 11,307.0 | 12,652.0 | 7,724.0 | 3,973.0 | 3,762.0 | 3,497.0 | 2,172.0 | 2,058.0 |
EBIT | -68,585.0 | -26,474.0 | -22,826.0 | -6,840.0 | -8,771.0 | -1,882.0 | 15,032.0 | 15,964.0 |
EBIT margin | -66.0% | -26.4% | -22.1% | -10.9% | -28.0% | -3.6% | 496.1% | |
Pre-tax income | -21,134.0 | 4,171.0 | -3,769.0 | 4,684.0 | 1,295.0 | 7,934.0 | 13,739.0 | 15,669.0 |
Income taxes | -7,969.0 | 558.0 | -2,375.0 | 1,142.0 | -537.0 | 2,634.0 | 4,243.0 | 5,511.0 |
Tax rate | 37.7% | 13.4% | 63.0% | 24.4% | | 33.2% | 30.9% | 35.2% |
Earnings from continuing ops | -13,165.0 | 3,613.0 | -1,394.0 | 3,542.0 | 1,832.0 | 5,300.0 | 9,496.0 | 10,158.0 |
Earnings from discontinued ops | | | | | 7,749.0 | 786.0 | 720.0 | |
Net income | -9,288.0 | 15,708.0 | -1,394.0 | 3,542.0 | 9,581.0 | 6,086.0 | 10,216.0 | 10,158.0 |
Net margin | -8.9% | 15.6% | -1.4% | 5.6% | 30.6% | 11.5% | 337.2% | |
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Diluted EPS | ($2.40) | $0.66 | ($254.51) | $646.68 | $334.48 | $0.97 | $3.47 | $3.71 |
Shares outstanding (diluted) | 5,477.2 | 5,477.2 | 5.5 | 5.5 | 5.5 | 5,477.5 | 2,738.9 | 2,739.8 |
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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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