Financial Summary (All financials)
In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 |
Revenues | 3,764.9 | 3,798.1 | 3,785.3 | 3,642.7 | 3,327.4 | 3,616.4 | 3,848.5 | 4,742.8 |
Revenue growth | -0.9% | 0.3% | 3.9% | 9.5% | -8.0% | -6.0% | -18.9% | -6.5% |
Cost of goods sold | 2,435.5 | 2,427.4 | 2,440.1 | 2,387.2 | 2,181.5 | 2,440.2 | 2,609.1 | 3,031.3 |
Gross profit | 1,329.4 | 1,370.7 | 1,345.2 | 1,255.5 | 1,145.9 | 1,176.2 | 1,239.4 | 1,711.5 |
Gross margin | 35.3% | 36.1% | 35.5% | 34.5% | 34.4% | 32.5% | 32.2% | 36.1% |
Selling, general and administrative | 1,225.9 | 1,226.9 | 1,173.2 | 1,073.0 | 1,008.7 | 1,069.2 | 1,100.4 | 1,341.7 |
EBITA | 118.5 | 163.1 | 190.7 | 201.5 | 143.2 | 106.3 | 130.9 | 270.0 |
EBITA margin | 3.1% | 4.3% | 5.0% | 5.5% | 4.3% | 2.9% | 3.4% | 5.7% |
Amortization of intangibles | 14.4 | 16.8 | 14.8 | 18.1 | 2.3 | | | |
EBIT | 104.1 | 146.3 | 175.9 | 183.4 | 140.9 | 106.3 | 130.9 | 270.0 |
EBIT margin | 2.8% | 3.9% | 4.6% | 5.0% | 4.2% | 2.9% | 3.4% | 5.7% |
Pre-tax income | -13.3 | -67.9 | 71.1 | 85.1 | -70.1 | -772.9 | -58.5 | -199.5 |
Income taxes | 6.4 | -12.9 | 19.6 | 30.7 | 16.2 | -6.6 | -104.4 | -53.5 |
Tax rate | | 19.0% | 27.6% | 36.1% | | 0.9% | 178.5% | 26.8% |
Earnings from continuing ops | -19.1 | -54.3 | 49.2 | 51.4 | -83.0 | -1,532.6 | 45.9 | -144.1 |
Earnings from discontinued ops | | | | | | 0.9 | 265.2 | |
Net income | -19.1 | -54.3 | 49.2 | 51.4 | -83.0 | -1,531.7 | 311.1 | -144.1 |
Net margin | -0.5% | -1.4% | 1.3% | 1.4% | -2.5% | -42.4% | 8.1% | -3.0% |
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Diluted EPS | ($0.26) | ($0.72) | $0.61 | $0.62 | ($1.02) | ($18.49) | $0.45 | ($1.30) |
Shares outstanding (diluted) | 73.0 | 74.9 | 81.3 | 82.6 | 81.7 | 82.9 | 101.3 | 110.6 |
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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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