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 | 722.4 | 653.8 | 553.6 | 513.3 | 479.5 | 1,230.8 | 969.3 | 893.0 |
Revenue growth | 10.5% | 18.1% | 7.8% | 7.1% | -61.0% | 27.0% | 8.5% | 24.7% |
Cost of goods sold | 313.0 | 272.0 | 217.4 | 218.7 | 210.3 | 705.2 | 591.1 | 497.3 |
Gross profit | 409.4 | 381.8 | 336.3 | 294.6 | 269.2 | 525.6 | 378.2 | 395.7 |
Gross margin | 56.7% | 58.4% | 60.7% | 57.4% | 56.1% | 42.7% | 39.0% | 44.3% |
Selling, general and administrative | 271.9 | 250.1 | 213.3 | 195.1 | 174.4 | 327.6 | 255.5 | 227.8 |
Research and development | 140.3 | 44.4 | 26.9 | 25.4 | 21.8 | 67.1 | 49.0 | 43.3 |
EBIT | 0.7 | 95.6 | 94.8 | 63.0 | 68.9 | 41.8 | 63.6 | 124.6 |
EBIT margin | 0.1% | 14.6% | 17.1% | 12.3% | 14.4% | 3.4% | 6.6% | 14.0% |
Pre-tax income | 9.4 | 92.5 | 43.8 | 2.7 | -21.0 | -156.3 | -37.1 | 76.0 |
Income taxes | 22.9 | 32.5 | -18.4 | 49.5 | -11.4 | -62.7 | -0.5 | 20.0 |
Tax rate | 245.2% | 35.2% | | 1830.0% | 54.2% | 40.1% | 1.5% | 26.3% |
Earnings from continuing ops | -13.6 | 60.0 | 62.2 | -46.8 | -9.6 | -93.6 | -36.6 | 56.1 |
Earnings from discontinued ops | -13.6 | 82.5 | 133.8 | -314.7 | 13.8 | -99.7 | -37.7 | 54.9 |
Net income | -27.2 | 142.5 | 195.9 | -361.5 | 4.2 | -193.2 | -74.3 | 110.9 |
Net margin | -3.8% | 21.8% | 35.4% | -70.4% | 0.9% | -15.7% | -7.7% | 12.4% |
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Diluted EPS | ($0.16) | $0.64 | $0.80 | ($0.78) | ($0.62) | ($0.97) | ($0.45) | $0.74 |
Shares outstanding (diluted) | 84.9 | 93.8 | 77.8 | 59.8 | 15.6 | 96.6 | 80.8 | 75.5 |
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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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