Financial Summary (All financials)
In millions, except per share items | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 |
Revenues | 22,134.0 | 21,268.0 | 19,757.0 | 19,863.0 | 19,758.0 | 20,486.0 | 21,033.0 | 18,856.0 |
Revenue growth | 4.1% | 7.6% | -0.5% | 0.5% | -3.6% | -2.6% | 11.5% | 0.7% |
Cost of goods sold | 18,936.0 | 18,579.0 | 17,422.0 | 18,224.0 | 18,261.0 | 17,186.0 | 16,982.0 | 15,289.0 |
Gross profit | 3,198.0 | 2,689.0 | 2,335.0 | 1,639.0 | 1,497.0 | 3,300.0 | 4,051.0 | 3,567.0 |
Gross margin | 14.4% | 12.6% | 11.8% | 8.3% | 7.6% | 16.1% | 19.3% | 18.9% |
Selling, general and administrative | 1,910.0 | 1,858.0 | 1,819.0 | 1,571.0 | 1,577.0 | 1,567.0 | 1,868.0 | 1,776.0 |
EBIT | 1,132.0 | 816.0 | 542.0 | -102.0 | -80.0 | 1,733.0 | 2,039.0 | 1,767.0 |
EBIT margin | 5.1% | 3.8% | 2.7% | -0.5% | -0.4% | 8.5% | 9.7% | 9.4% |
Pre-tax income | 1,089.0 | 756.0 | 439.0 | -374.0 | -517.0 | 1,393.0 | 2,156.0 | 1,762.0 |
Income taxes | 360.0 | 257.0 | 153.0 | -103.0 | -205.0 | 479.0 | 797.0 | 643.0 |
Tax rate | 33.1% | 34.0% | 34.9% | 27.5% | 39.7% | 34.4% | 37.0% | 36.5% |
Earnings from continuing ops | 729.0 | 499.0 | 286.0 | -271.0 | -312.0 | 914.0 | 1,359.0 | 1,119.0 |
Earnings from discontinued ops | -13.0 | -29.0 | -136.0 | 429.0 | 46.0 | 1,116.0 | | 24.0 |
Net income | 716.0 | 470.0 | 150.0 | 158.0 | -266.0 | 2,030.0 | 1,359.0 | 1,143.0 |
Net margin | 3.2% | 2.2% | 0.8% | 0.8% | -1.3% | 9.9% | 6.5% | 6.1% |
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Diluted EPS | $1.37 | $0.94 | $0.53 | ($0.55) | ($4.16) | $1.03 | $2.81 | $2.35 |
Shares outstanding (diluted) | 530.4 | 528.1 | 535.7 | 493.8 | 74.9 | 890.4 | 483.6 | 476.3 |
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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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