Financial Summary (All financials)
In millions, except per share items | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 |
Revenues | 20,121.6 | 16,518.7 | 16,450.8 | 16,496.6 | 14,519.8 | 13.5 | 12,949.7 | 10,052.7 |
Revenue growth | 21.8% | 0.4% | -0.3% | 13.6% | 107082.3% | -99.9% | 28.8% | |
Cost of goods sold | 8,264.1 | 7,557.1 | 7,626.1 | 7,034.0 | 6,679.6 | 5.8 | 5,325.1 | 5,361.5 |
Gross profit | 11,857.5 | 8,961.6 | 8,824.8 | 9,462.5 | 7,840.3 | 7.7 | 7,624.5 | 4,691.2 |
Gross margin | 58.9% | 54.3% | 53.6% | 57.4% | 54.0% | 56.9% | 58.9% | 46.7% |
Sales and marketing | 436.3 | 444.0 | 425.1 | 398.6 | 403.9 | 0.4 | 429.9 | 370.6 |
General and administrative | 687.0 | 661.3 | 594.0 | 809.7 | 350.1 | 0.4 | 364.7 | 498.0 |
EBIT | 21,140.7 | 21,298.7 | 18,525.6 | 15,574.2 | 11,221.6 | 13.6 | 15,320.2 | -3,752.8 |
EBIT margin | 105.1% | 128.9% | 112.6% | 94.4% | 77.3% | 100.1% | 118.3% | -37.3% |
Pre-tax income | 4,721.4 | 4,430.0 | 4,444.5 | 5,070.7 | 2,351.7 | 4.3 | 4,390.7 | 2,334.4 |
Income taxes | 1,792.2 | 1,639.4 | 1,296.0 | 1,994.7 | 1,045.2 | 1.6 | 1,737.8 | 829.9 |
Tax rate | 38.0% | 37.0% | 29.2% | 39.3% | 44.4% | 36.4% | 39.6% | 35.6% |
Net income | 2,929.2 | 2,790.5 | 3,148.6 | 3,076.0 | 1,306.5 | 2.7 | 2,652.9 | 1,504.5 |
Net margin | 14.6% | 16.9% | 19.1% | 18.6% | 9.0% | 20.0% | 20.5% | 15.0% |
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Diluted EPS | $0.36 | $0.34 | $0.37 | $0.36 | | | | |
Shares outstanding (diluted) | 8,136.8 | 8,207.4 | 8,509.6 | 8,544.4 | | | | |
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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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