In millions, except per share items | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
Revenues | 927.5 | 786.5 | 516.3 | 397.2 |
Revenue growth | 17.9% | 52.3% | 30.0% | |
Cost of goods sold | 319.6 | 284.5 | 221.7 | 241.1 |
Gross profit | 607.9 | 502.1 | 294.6 | 156.1 |
Gross margin | 65.5% | 63.8% | 57.1% | 39.3% |
Sales and marketing | 194.1 | 146.4 | 103.7 | 79.8 |
General and administrative | 136.7 | 126.5 | 79.8 | 88.8 |
EBITA | 326.5 | 261.3 | 142.9 | 1.6 |
EBITA margin | 35.2% | 33.2% | 27.7% | 0.4% |
Amortization of intangibles | 10.8 | 16.0 | 17.6 | 27.3 |
EBIT | 315.7 | 245.3 | 125.3 | -25.6 |
EBIT margin | 34.0% | 31.2% | 24.3% | -6.5% |
Pre-tax income | 331.5 | 260.1 | 125.5 | -84.3 |
Income taxes | 75.9 | 54.7 | 22.3 | 13.8 |
Tax rate | 22.9% | 21.0% | 17.8% | |
Earnings from continuing ops | 476.1 | 325.4 | 101.2 | -101.6 |
Earnings from discontinued ops | -1.1 | -1.0 | 83.1 | -111.6 |
Net income | 475.1 | 324.5 | 184.3 | -213.3 |
Net margin | 51.2% | 41.3% | 35.7% | -53.7% |
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Diluted EPS | $0.71 | $0.47 | $0.14 | ($0.16) |
Shares outstanding (diluted) | 666.5 | 694.0 | 731.7 | 651.7 |
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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. |