Financial Summary (All financials)
In millions, except per share items | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Sep-30-05 |
Revenues | 6,747.5 | 5,803.3 | 5,090.5 | 4,536.1 | 4,301.7 | 4,185.8 | 3,940.3 | 3,501.8 |
Revenue growth | 16.3% | 14.0% | 12.2% | 5.5% | 2.8% | 6.2% | | 13.2% |
Cost of goods sold | 903.8 | 776.6 | 702.4 | 2,417.1 | 2,359.1 | 2,244.7 | 2,095.0 | 1,857.6 |
Gross profit | 5,843.7 | 5,026.7 | 4,388.1 | 2,119.0 | 1,942.5 | 1,941.1 | 1,845.3 | 1,644.1 |
Gross margin | 86.6% | 86.6% | 86.2% | 46.7% | 45.2% | 46.4% | 46.8% | 47.0% |
Selling, general and administrative | 348.8 | 265.4 | 243.2 | 234.9 | 228.7 | 211.5 | 181.2 | 152.0 |
EBITA | -19.6 | 103.6 | 72.3 | 12.2 | 393.5 | 414.3 | 358.4 | 540.9 |
EBITA margin | -0.3% | 1.8% | 1.4% | 0.3% | 9.1% | 9.9% | 9.1% | 15.4% |
Amortization of intangibles | 13.2 | 2.0 | | | | | | |
EBIT | -32.8 | 101.6 | 72.3 | 12.2 | 393.5 | 414.3 | 358.4 | 540.9 |
EBIT margin | -0.5% | 1.8% | 1.4% | 0.3% | 9.1% | 9.9% | 9.1% | 15.4% |
Pre-tax income | 274.1 | 305.4 | 282.7 | 244.2 | 329.4 | 191.7 | 311.2 | 559.1 |
Income taxes | 89.6 | 104.5 | 100.1 | 82.9 | 118.1 | 71.9 | 120.2 | 209.2 |
Tax rate | 32.7% | 34.2% | 35.4% | 34.0% | 35.9% | 37.5% | 38.6% | 37.4% |
Earnings from continuing ops | 396.0 | 427.1 | 387.2 | 187.1 | 270.5 | 119.8 | 191.0 | 349.9 |
Earnings from discontinued ops | -7.6 | -2.4 | -13.5 | 2.6 | -27.2 | | | |
Net income | 388.4 | 424.7 | 373.7 | 189.7 | 243.3 | 117.8 | 182.7 | 353.1 |
Net margin | 5.8% | 7.3% | 7.3% | 4.2% | 5.7% | 2.8% | 4.6% | 10.1% |
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Diluted EPS | $1.54 | $1.67 | $1.54 | $0.76 | $1.11 | $0.49 | $0.78 | $1.41 |
Shares outstanding (diluted) | 256.7 | 255.0 | 251.1 | 247.0 | 244.7 | 245.1 | 243.3 | 249.0 |
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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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