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 | 481.5 | 514.3 | 510.3 | 529.5 | 410.4 | 349.3 | 233.5 | 156.2 |
Revenue growth | -6.4% | 0.8% | -3.6% | 29.0% | 17.5% | 49.6% | 49.5% | 31.7% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 1,114.9 | 254.6 | 83.3 | 0.0 | 0.0 |
Gross profit | 481.5 | 514.3 | 510.3 | -585.4 | 155.8 | 266.0 | 233.5 | 156.2 |
Gross margin | 100.0% | 100.0% | 100.0% | -110.6% | 38.0% | 76.1% | 100.0% | 100.0% |
General and administrative | 26.3 | 30.5 | 34.4 | 27.5 | 23.2 | 19.1 | 13.9 | 9.4 |
EBIT | 95.0 | 386.6 | 392.0 | -612.8 | 132.7 | 246.9 | 219.6 | 146.9 |
EBIT margin | 19.7% | 75.2% | 76.8% | -115.7% | 32.3% | 70.7% | 94.1% | 94.0% |
Pre-tax income | 90.4 | 385.4 | 394.6 | 0.0 | 0.0 | 260.6 | 157.9 | 0.0 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% | | | 0.0% | 0.0% | |
Net income | 75.5 | 368.3 | 377.4 | -626.1 | 138.6 | 260.6 | 157.9 | 0.0 |
Net margin | 15.7% | 71.6% | 74.0% | -118.2% | 33.8% | 74.6% | 67.6% | 0.0% |
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Diluted EPS | $1.27 | $5.28 | $5.30 | ($12.30) | $2.87 | $5.40 | $3.27 | $0.00 |
Shares outstanding (diluted) | 59.3 | 69.7 | 71.2 | 50.9 | 48.4 | 48.3 | 48.3 | 26,266.0 |
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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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