Financial Summary (All financials)
In millions, except per share items | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 |
Revenues | 1,352.9 | 1,349.2 | 639.2 | 1,011.0 | 1,570.0 | 1,658.5 | 1,340.5 | 1,357.3 |
Revenue growth | 0.3% | 111.1% | -36.8% | -35.6% | -5.3% | 23.7% | -1.2% | 46.7% |
Cost of goods sold | 688.1 | 683.8 | 398.1 | 575.1 | 800.9 | 834.2 | 741.3 | 692.2 |
Gross profit | 664.7 | 665.3 | 241.1 | 435.9 | 769.2 | 824.3 | 599.1 | 665.1 |
Gross margin | 49.1% | 49.3% | 37.7% | 43.1% | 49.0% | 49.7% | 44.7% | 49.0% |
Selling, general and administrative | 177.6 | 189.5 | 164.1 | 224.2 | 266.0 | 261.4 | 206.9 | 194.7 |
Research and development | 186.0 | 174.7 | 149.1 | 219.7 | 241.0 | 244.2 | 247.3 | 252.1 |
EBITA | 304.0 | 304.7 | -67.4 | -7.9 | 270.2 | 308.0 | 144.9 | 218.4 |
EBITA margin | 22.5% | 22.6% | -10.6% | -0.8% | 17.2% | 18.6% | 10.8% | 16.1% |
Amortization of intangibles | 2.8 | 3.6 | 4.7 | | | | | |
EBIT | 301.2 | 301.1 | -72.1 | -7.9 | 270.2 | 308.0 | 144.9 | 218.4 |
EBIT margin | 22.3% | 22.3% | -11.3% | -0.8% | 17.2% | 18.6% | 10.8% | 16.1% |
Pre-tax income | 293.1 | 304.7 | -69.4 | -107.1 | 314.8 | 338.9 | 158.6 | 223.2 |
Income taxes | 42.5 | 42.3 | 15.9 | 8.6 | 101.1 | 149.9 | 48.5 | 66.5 |
Tax rate | 14.5% | 13.9% | | | 32.1% | 44.2% | 30.6% | 29.8% |
Net income | 250.7 | 262.3 | -85.2 | -115.7 | 213.7 | 190.0 | 110.1 | 156.7 |
Net margin | 18.5% | 19.4% | -13.3% | -11.4% | 13.6% | 11.5% | 8.2% | 11.5% |
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Diluted EPS | $3.20 | $2.79 | ($0.88) | ($1.18) | $1.75 | $1.50 | $0.80 | $1.06 |
Shares outstanding (diluted) | 78.3 | 94.1 | 96.5 | 98.1 | 122.1 | 126.9 | 137.6 | 147.8 |
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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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