Financial Summary (All financials)
In millions, except per share items | Dec-27-14 | Dec-28-13 | Dec-29-12 | Dec-31-11 | Dec-31-10 |
Revenues | 18,205 | 18,218 | 18,271 | 18,576 | 17,797 |
Revenue growth | -0.1% | -0.3% | -1.6% | 4.4% | |
Cost of goods sold | 13,360 | 11,395 | 12,499 | 12,813 | 11,777 |
Gross profit | 4,845 | 6,823 | 5,772 | 5,763 | 6,020 |
Gross margin | 26.6% | 37.5% | 31.6% | 31.0% | 33.8% |
Selling, general and administrative | 2,956 | 2,124 | 2,961 | 2,937 | 3,063 |
EBIT | 1,889 | 4,699 | 2,811 | 2,826 | 2,957 |
EBIT margin | 10.4% | 25.8% | 15.4% | 15.2% | 16.6% |
Pre-tax income | 1,406 | 4,090 | 2,453 | 2,876 | 3,002 |
Income taxes | 363 | 1,375 | 811 | 1,101 | 1,112 |
Tax rate | 25.8% | 33.6% | 33.1% | 38.3% | 37.0% |
Earnings from continuing ops | 1,038 | 2,703 | 1,637 | 1,775 | 1,890 |
Earnings from discontinued ops | | | | | 1,644 |
Net income | 1,038 | 2,703 | 1,637 | 1,775 | 3,534 |
Net margin | 5.7% | 14.8% | 9.0% | 9.6% | 19.9% |
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Diluted EPS | $1.74 | $4.51 | $2.75 | $3.00 | $3.20 |
Shares outstanding (diluted) | 598 | 599 | 596 | 591 | 591 |
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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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