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 |
Revenues | 3,284.7 | 3,766.0 | 2,829.3 | 1,906.9 | 1,711.3 | 1,203.2 | 1,614.4 |
Revenue growth | -12.8% | 33.1% | 48.4% | 11.4% | 42.2% | -25.5% | |
Cost of goods sold | 0.0 | 0.8 | 1.9 | 1.3 | 1.2 | 61.3 | 53.4 |
Gross profit | 3,284.7 | 3,765.2 | 2,827.4 | 1,905.6 | 1,710.0 | 1,141.9 | 1,561.0 |
Gross margin | 100.0% | 100.0% | 99.9% | 99.9% | 99.9% | 94.9% | 96.7% |
Sales and marketing | 5.9 | 6.2 | 6.1 | 5.5 | 3.7 | 4.4 | 4.4 |
General and administrative | 2.7 | 1.8 | 1.2 | 1.8 | 2.4 | 1.4 | 5.5 |
EBITA | 3,026.9 | 3,523.0 | 2,595.9 | 246.8 | 248.0 | 509.7 | 709.3 |
EBITA margin | 92.2% | 93.5% | 91.8% | 12.9% | 14.5% | 42.4% | 43.9% |
Amortization of intangibles | 0.2 | 0.2 | 0.2 | 74.0 | 71.8 | | |
EBIT | 3,026.7 | 3,522.8 | 2,595.8 | 172.8 | 176.2 | 509.7 | 709.3 |
EBIT margin | 92.1% | 93.5% | 91.7% | 9.1% | 10.3% | 42.4% | 43.9% |
Pre-tax income | -97.8 | 342.0 | 370.5 | 176.9 | 176.2 | 194.5 | 208.4 |
Income taxes | -41.2 | 142.4 | 156.0 | 69.2 | 74.5 | 82.2 | 88.2 |
Tax rate | 42.1% | 41.6% | 42.1% | 39.1% | 42.3% | 42.3% | 42.3% |
Net income | -56.6 | 199.7 | 214.5 | 107.7 | 101.7 | 112.3 | 120.2 |
Net margin | -1.7% | 5.3% | 7.6% | 5.6% | 5.9% | 9.3% | 7.4% |
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Diluted EPS | ($2.03) | $7.16 | $7.69 | $3.85 | $3.64 | $3.99 | $4.25 |
Shares outstanding (diluted) | 27.9 | 27.9 | 27.9 | 27.9 | 28.0 | 28.2 | 28.3 |
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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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