Financial Summary (All financials)
In millions, except per share items | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 |
Revenues | 2,554.1 | 1,885.8 | 1,904.5 | 1,626.7 | 1,249.4 | 781.8 | 269.2 | |
Revenue growth | 35.4% | -1.0% | 17.1% | 30.2% | 59.8% | 190.4% | | |
Cost of goods sold | 2,071.4 | 1,590.4 | 1,557.7 | 1,393.3 | 1,084.5 | 712.6 | 283.6 | |
Gross profit | 482.7 | 295.4 | 346.9 | 233.3 | 165.0 | 69.3 | -14.3 | |
Gross margin | 18.9% | 15.7% | 18.2% | 14.3% | 13.2% | 8.9% | -5.3% | |
Selling, general and administrative | 71.9 | 58.5 | 68.0 | 88.1 | 40.6 | 21.9 | | |
General and administrative | | | | | | | 11.5 | |
EBIT | 238.9 | 77.4 | 138.1 | 72.1 | 69.1 | 12.0 | -13.6 | |
EBIT margin | 9.4% | 4.1% | 7.2% | 4.4% | 5.5% | 1.5% | -5.1% | |
Pre-tax income | 200.5 | 39.2 | 97.6 | 43.3 | 50.3 | 4.8 | -9.5 | |
Income taxes | 40.8 | 8.6 | -30.5 | 19.0 | 5.2 | 0.9 | 0.0 | |
Tax rate | 20.3% | 22.0% | | 43.8% | 10.2% | 18.7% | 0.0% | |
Earnings from continuing ops | 161.3 | 30.0 | 128.2 | 0.3 | 5.3 | 0.7 | -9.5 | |
Earnings from discontinued ops | 165.5 | 27.7 | 128.2 | 21.2 | 20.0 | 2.3 | | |
Net income | 326.9 | 57.7 | 256.3 | 21.5 | 25.3 | 3.0 | -9.5 | |
Net margin | 12.8% | 3.1% | 13.5% | 1.3% | 2.0% | 0.4% | -3.5% | |
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Diluted EPS | $1.16 | $0.22 | $1.00 | | | | | |
Shares outstanding (diluted) | 138.5 | 134.2 | 128.2 | | | | | |
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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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