Financial Summary (All financials)
In millions, except per share items | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 |
Revenues | 9,064.0 | 7,695.0 | 5,513.0 | 4,576.0 | 3,519.0 | 1,948.0 | 1,189.0 | 810.2 |
Revenue growth | 17.8% | 39.6% | 20.5% | 30.0% | 80.6% | 63.8% | 46.8% | -3.4% |
Cost of goods sold | 124.0 | 101.0 | 81.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 8,940.0 | 7,594.0 | 5,432.0 | 4,576.0 | 3,519.0 | 1,948.0 | 1,189.0 | 810.2 |
Gross margin | 98.6% | 98.7% | 98.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
General and administrative | 356.0 | 382.0 | 231.0 | 189.0 | 155.0 | 165.0 | 108.0 | 62.1 |
EBIT | 3,687.0 | 3,508.0 | 2,892.0 | 2,672.0 | 1,963.0 | 919.0 | 502.0 | 348.8 |
EBIT margin | 40.7% | 45.6% | 52.5% | 58.4% | 55.8% | 47.2% | 42.2% | 43.1% |
Pre-tax income | 3,163.0 | 3,026.0 | 2,642.0 | 2,961.0 | 1,810.0 | 826.0 | 444.0 | 286.7 |
Income taxes | 1,144.0 | 1,114.0 | 951.0 | 1,101.0 | 658.0 | 318.0 | 158.0 | 100.7 |
Tax rate | 36.2% | 36.8% | 36.0% | 37.2% | 36.4% | 38.5% | 35.6% | 35.1% |
Earnings from continuing ops | 2,019.0 | 1,912.0 | 1,691.0 | | | | | |
Earnings from discontinued ops | | | | | | 1.5 | 1.0 | 0.0 |
Net income | 2,019.0 | 1,912.0 | 1,691.0 | 1,860.0 | 1,152.0 | 508.0 | 288.0 | 186.1 |
Net margin | 22.3% | 24.8% | 30.7% | 40.6% | 32.7% | 26.1% | 24.2% | 23.0% |
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Diluted EPS | $3.46 | $3.54 | $3.52 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Shares outstanding (diluted) | 583.5 | 540.1 | 480.4 | 462.2 | 448.1 | 332.9 | 299.7 | 277.8 |
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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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