Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-28-07 |
Revenues | 1,932.1 | 1,732.6 | 1,783.0 | 2,064.5 | 1,954.4 | 1,195.4 | 1,367.2 | 1,263.5 |
Revenue growth | 11.5% | -2.8% | -13.6% | 5.6% | 63.5% | -12.6% | 8.2% | -1.7% |
Cost of goods sold | 648.5 | 546.7 | 541.5 | 610.3 | 566.9 | 396.6 | 449.8 | 448.0 |
Gross profit | 1,283.6 | 1,185.8 | 1,241.5 | 1,454.1 | 1,387.5 | 798.8 | 917.5 | 815.6 |
Gross margin | 66.4% | 68.4% | 69.6% | 70.4% | 71.0% | 66.8% | 67.1% | 64.5% |
Selling, general and administrative | 312.2 | 320.1 | 289.9 | 279.2 | 254.5 | 234.1 | 255.4 | 272.1 |
Research and development | 418.2 | 385.2 | 359.6 | 324.2 | 264.6 | 260.2 | 257.7 | 261.8 |
EBITA | 463.7 | 446.6 | 574.9 | 842.5 | 859.5 | 295.6 | 371.9 | 278.2 |
EBITA margin | 24.0% | 25.8% | 32.2% | 40.8% | 44.0% | 24.7% | 27.2% | 22.0% |
Amortization of intangibles | 9.9 | 4.8 | 0.9 | 1.6 | | | | |
EBIT | 453.9 | 441.8 | 574.1 | 840.9 | 859.5 | 295.6 | 371.9 | 278.2 |
EBIT margin | 23.5% | 25.5% | 32.2% | 40.7% | 44.0% | 24.7% | 27.2% | 22.0% |
Pre-tax income | 524.0 | 470.8 | 591.9 | 849.0 | 867.8 | 305.5 | 419.2 | 337.6 |
Income taxes | 51.4 | 30.8 | 35.1 | 78.3 | 84.9 | 54.5 | 59.5 | 47.6 |
Tax rate | 9.8% | 6.5% | 5.9% | 9.2% | 9.8% | 17.8% | 14.2% | 14.1% |
Net income | 472.7 | 440.1 | 556.8 | 770.7 | 782.9 | 251.1 | 359.7 | 290.0 |
Net margin | 24.5% | 25.4% | 31.2% | 37.3% | 40.1% | 21.0% | 26.3% | 23.0% |
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Diluted EPS | $1.52 | $1.36 | $1.72 | $2.35 | $2.49 | $0.84 | $1.18 | $0.82 |
Shares outstanding (diluted) | 311.9 | 323.0 | 324.5 | 327.6 | 313.9 | 297.2 | 304.6 | 351.9 |
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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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