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 | 5,178.1 | 5,230.7 | 5,298.5 | 4,756.7 | 4,514.5 | 4,886.4 | 4,653.0 | 3,667.6 |
Revenue growth | -1.0% | -1.3% | 11.4% | 5.4% | -7.6% | 5.0% | 26.9% | |
Cost of goods sold | 629.8 | 651.4 | 666.1 | 500.0 | 203.0 | 160.3 | 139.3 | 108.1 |
Gross profit | 4,548.3 | 4,579.3 | 4,632.5 | 4,256.7 | 4,311.4 | 4,726.1 | 4,513.7 | 3,559.4 |
Gross margin | 87.8% | 87.5% | 87.4% | 89.5% | 95.5% | 96.7% | 97.0% | 97.1% |
Selling, general and administrative | 277.5 | 282.6 | 277.2 | 292.5 | 299.4 | 240.3 | 203.3 | 165.5 |
EBIT | 615.0 | 703.5 | 693.2 | 750.0 | 651.8 | 635.2 | 637.9 | 513.9 |
EBIT margin | 11.9% | 13.4% | 13.1% | 15.8% | 14.4% | 13.0% | 13.7% | 14.0% |
Pre-tax income | 365.4 | 415.1 | 426.8 | 489.1 | 337.2 | 290.2 | 343.6 | 390.6 |
Income taxes | 114.1 | 155.3 | 170.0 | 251.4 | 128.7 | 100.3 | 154.9 | 155.6 |
Tax rate | 31.2% | 37.4% | 39.8% | 51.4% | 38.2% | 34.6% | 45.1% | 39.8% |
Earnings from continuing ops | 251.3 | 259.8 | 256.8 | 237.6 | 208.5 | 189.9 | 188.7 | 235.0 |
Earnings from discontinued ops | | | | 229.3 | 2.0 | -1.3 | 187.6 | |
Net income | 251.3 | 259.8 | 256.8 | 467.0 | 210.4 | 188.6 | 376.3 | 235.0 |
Net margin | 4.9% | 5.0% | 4.8% | 9.8% | 4.7% | 3.9% | 8.1% | 6.4% |
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Diluted EPS | $1.61 | $1.76 | $1.74 | $1.62 | $1.43 | $1.45 | $1.62 | $2.06 |
Shares outstanding (diluted) | 155.8 | 147.7 | 147.5 | 146.7 | 145.7 | 131.1 | 116.7 | 114.2 |
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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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