Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 4,463.7 | 4,002.8 | 4,092.1 | 4,057.1 | 3,917.2 | 3,879.3 | 3,629.5 | 3,436.2 |
Revenue growth | 11.5% | -2.2% | 0.9% | 3.6% | 1.0% | 6.9% | 5.6% | 27.8% |
Cost of goods sold | 2,877.2 | 2,922.3 | 2,978.7 | 2,659.5 | 2,402.8 | 2,422.9 | 2,286.8 | 2,240.5 |
Gross profit | 1,586.5 | 1,080.5 | 1,113.4 | 1,397.6 | 1,514.4 | 1,456.4 | 1,342.7 | 1,195.7 |
Gross margin | 35.5% | 27.0% | 27.2% | 34.4% | 38.7% | 37.5% | 37.0% | 34.8% |
Selling, general and administrative | 841.1 | 742.6 | 687.7 | 637.3 | 675.0 | 618.8 | 590.1 | 582.1 |
Research and development | | | | | | 240.5 | 212.4 | 201.2 |
EBITA | 543.0 | 102.3 | 142.4 | 148.3 | 600.8 | 565.1 | 586.5 | 464.5 |
EBITA margin | 12.2% | 2.6% | 3.5% | 3.7% | 15.3% | 14.6% | 16.2% | 13.5% |
Amortization of intangibles | 76.7 | 85.7 | 83.6 | 91.5 | 81.6 | 61.5 | 68.7 | 52.1 |
EBIT | 466.3 | 16.6 | 58.8 | 56.8 | 519.2 | 503.6 | 517.8 | 412.4 |
EBIT margin | 10.4% | 0.4% | 1.4% | 1.4% | 13.3% | 13.0% | 14.3% | 12.0% |
Pre-tax income | 388.2 | -123.2 | -41.9 | -27.1 | 379.3 | 384.1 | 407.5 | 187.8 |
Income taxes | 71.9 | -98.3 | -51.0 | 27.9 | 34.3 | -19.1 | 86.6 | 51.0 |
Tax rate | 18.5% | 79.8% | 121.7% | | 9.0% | | 21.3% | 27.2% |
Net income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 403.9 | 320.9 | 136.8 |
Net margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 10.4% | 8.8% | 4.0% |
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Diluted EPS | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.47 | $1.99 | $0.85 |
Shares outstanding (diluted) | 170.8 | 165.6 | 166.0 | 165.5 | 169.5 | 163.2 | 161.3 | 160.2 |
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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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