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 | 7,449.6 | 6,758.1 | 6,014.7 | 9,508.8 | 8,567.6 | 7,795.4 | 7,465.3 | 7,598.4 |
Revenue growth | 10.2% | 12.4% | -36.7% | 11.0% | 9.9% | 4.4% | -1.8% | |
Cost of goods sold | 5,331.9 | 4,796.1 | 4,308.9 | 6,947.1 | 6,477.5 | 5,865.2 | 5,617.5 | 5,727.7 |
Gross profit | 2,117.7 | 1,962.0 | 1,705.8 | 2,561.7 | 2,090.1 | 1,930.2 | 1,847.8 | 1,870.7 |
Gross margin | 28.4% | 29.0% | 28.4% | 26.9% | 24.4% | 24.8% | 24.8% | 24.6% |
Selling, general and administrative | 1,400.2 | 1,312.0 | 1,191.2 | 1,736.2 | 1,360.8 | 1,187.7 | 1,194.1 | 1,167.9 |
EBITA | 745.3 | 681.0 | 544.1 | 568.7 | 751.2 | 747.6 | 723.4 | 931.5 |
EBITA margin | 10.0% | 10.1% | 9.0% | 6.0% | 8.8% | 9.6% | 9.7% | 12.3% |
Amortization of intangibles | 27.8 | 31.0 | 29.5 | 90.9 | 85.0 | 62.4 | 78.4 | 66.6 |
EBIT | 717.5 | 650.0 | 514.6 | 477.8 | 666.2 | 685.2 | 645.0 | 864.9 |
EBIT margin | 9.6% | 9.6% | 8.6% | 5.0% | 7.8% | 8.8% | 8.6% | 11.4% |
Pre-tax income | 602.4 | 543.6 | 414.8 | 362.9 | 549.2 | 556.2 | 476.3 | 509.4 |
Income taxes | 202.2 | 157.7 | 95.6 | 49.5 | 144.0 | 185.2 | 181.3 | 194.2 |
Tax rate | 33.6% | 29.0% | 23.0% | 13.6% | 26.2% | 33.3% | 38.1% | 38.1% |
Earnings from continuing ops | 400.2 | 385.9 | 319.2 | 313.4 | 405.2 | 371.0 | 295.0 | 315.2 |
Earnings from discontinued ops | -113.9 | 155.1 | 237.1 | | | | | |
Net income | 286.3 | 541.0 | 556.3 | 313.4 | 405.2 | 371.0 | 295.0 | 315.2 |
Net margin | 3.8% | 8.0% | 9.2% | 3.3% | 4.7% | 4.8% | 4.0% | 4.1% |
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Diluted EPS | $1.96 | $1.87 | $1.47 | $1.42 | $1.83 | $0.00 | $0.00 | $0.00 |
Shares outstanding (diluted) | 204.5 | 206.3 | 217.0 | 220.6 | 221.2 | 220,924,698.0 | 73,117,996.0 | 72,197,672.0 |
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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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