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 | 5,676.0 | 8,134.4 | 7,699.5 | 137,688.0 | 109,621.0 | 108,729.0 | 103,641.0 | 96,814.0 |
Revenue growth | -30.2% | 5.6% | -94.4% | 25.6% | 0.8% | 4.9% | 7.1% | 12.6% |
Cost of goods sold | 1,040.7 | 1,064.2 | 1,040.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 4,635.3 | 7,070.1 | 6,658.6 | 137,688.0 | 109,621.0 | 108,729.0 | 103,641.0 | 96,814.0 |
Gross margin | 81.7% | 86.9% | 86.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 650.4 | 624.0 | 619.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
EBIT | 3,984.9 | 6,446.1 | 6,039.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
EBIT margin | 70.2% | 79.2% | 78.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Pre-tax income | 370.7 | 3,422.6 | 2,965.4 | 4,078.0 | 3,237.0 | 2,169.0 | 2,167.0 | 1,972.0 |
Income taxes | 56.7 | 1,122.8 | 980.2 | 1,298.0 | 1,120.0 | 722.0 | 779.0 | 670.0 |
Tax rate | 15.3% | 32.8% | 33.1% | 31.8% | 34.6% | 33.3% | 35.9% | 34.0% |
Net income | 314.0 | 2,299.8 | 1,985.2 | 2,780.0 | 2,117.0 | 1,447.0 | 1,388.0 | 1,302.0 |
Net margin | 5.5% | 28.3% | 25.8% | 2.0% | 1.9% | 1.3% | 1.3% | 1.3% |
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Diluted EPS | $0.51 | $3.72 | $3.09 | $4.30 | $3.43 | $2.35 | $2.27 | $2.13 |
Shares outstanding (diluted) | 612.2 | 617.7 | 641.6 | 646.8 | 616.4 | 616.2 | 611.9 | 612.6 |
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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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