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 |
Revenues | 3,360.0 | 3,567.0 | 3,253.0 | 2,917.0 | 2,756.0 |
Revenue growth | -5.8% | 9.7% | 11.5% | 5.8% | |
Cost of goods sold | 2,241.0 | 2,638.0 | 2,325.0 | 2,027.0 | 2,035.0 |
Gross profit | 1,119.0 | 929.0 | 928.0 | 890.0 | 721.0 |
Gross margin | 33.3% | 26.0% | 28.5% | 30.5% | 26.2% |
Selling, general and administrative | 349.0 | 281.0 | 286.0 | 316.0 | 259.0 |
EBIT | 579.0 | 460.0 | 469.0 | 423.0 | 306.0 |
EBIT margin | 17.2% | 12.9% | 14.4% | 14.5% | 11.1% |
Pre-tax income | 486.0 | 340.0 | 378.0 | 391.0 | 224.0 |
Income taxes | 177.0 | 119.0 | 133.0 | 114.0 | 170.0 |
Tax rate | 36.4% | 35.0% | 35.2% | 29.2% | 75.9% |
Earnings from continuing ops | 308.0 | 220.0 | 243.0 | 277.0 | 54.0 |
Earnings from discontinued ops | 15.0 | -4.0 | 1.0 | -3.0 | -89.0 |
Net income | 324.0 | 217.0 | 246.0 | 274.0 | 54.0 |
Net margin | 9.6% | 6.1% | 7.6% | 9.4% | 2.0% |
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Diluted EPS | $0.00 | $0.00 | $0.00 | $2.01 | $0.37 |
Shares outstanding (diluted) | 131,967,907.0 | 130,925.9 | 130,912,229.0 | 137.9 | 147.2 |
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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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