Financial Summary (All financials)
In millions, except per share items | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 |
Revenues | 2,993.1 | 3,461.7 | 3,579.0 | 3,703.7 | 21,193.2 | 3,015.4 | 16,968.3 | 12,127.2 |
Revenue growth | -13.5% | -3.3% | -3.4% | -82.5% | 602.8% | -82.2% | 39.9% | 28.3% |
Cost of goods sold | 551.5 | 484.5 | 433.7 | 428.2 | 17,411.4 | 496.1 | 1,900.7 | 1,714.0 |
Gross profit | 2,441.6 | 2,977.2 | 3,145.3 | 3,275.5 | 3,781.8 | 2,519.3 | 15,067.6 | 10,413.2 |
Gross margin | 81.6% | 86.0% | 87.9% | 88.4% | 17.8% | 83.5% | 88.8% | 85.9% |
Selling, general and administrative | 272.1 | 249.2 | 262.1 | 227.9 | 2,447.4 | 227.5 | 14,123.1 | 9,495.1 |
EBIT | 345.1 | 354.2 | 268.4 | 182.5 | 1,334.4 | 369.1 | 961.5 | 918.1 |
EBIT margin | 11.5% | 10.2% | 7.5% | 4.9% | 6.3% | 12.2% | 5.7% | 7.6% |
Pre-tax income | 209.2 | 244.7 | 154.5 | 72.2 | 1,262.7 | 272.5 | 699.8 | 616.8 |
Income taxes | 148.0 | 195.3 | 128.7 | 42.7 | 428.3 | 206.0 | 163.9 | 118.4 |
Tax rate | 70.7% | 79.8% | 83.3% | 59.1% | 33.9% | 75.6% | 23.4% | 19.2% |
Earnings from continuing ops | 122.5 | 134.4 | 84.8 | 38.3 | 821.5 | 157.1 | 528.7 | 498.4 |
Earnings from discontinued ops | | | | | | | 94.4 | 41.3 |
Net income | 122.5 | 134.4 | 84.8 | 38.3 | 821.5 | 157.1 | 623.1 | 539.7 |
Net margin | 4.1% | 3.9% | 2.4% | 1.0% | 3.9% | 5.2% | 3.7% | 4.5% |
|
Diluted EPS | | | | | $4.50 | | $2.94 | $2.88 |
Shares outstanding (diluted) | | | | | 182.5 | | 179.7 | 173.1 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|