Financial Summary (All financials)
In millions, except per share items | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 |
Revenues | 3,650.6 | 2,651.8 | 2,505.8 | 1,613.4 | 738.1 | 575.0 | 454.2 | |
Revenue growth | 37.7% | 5.8% | 55.3% | 118.6% | 28.3% | 26.6% | | |
Cost of goods sold | 2,601.2 | 1,846.2 | 1,823.3 | 1,205.1 | 551.3 | 437.6 | 357.8 | |
Gross profit | 1,049.4 | 805.6 | 682.5 | 408.3 | 186.8 | 137.4 | 96.4 | |
Gross margin | 28.7% | 30.4% | 27.2% | 25.3% | 25.3% | 23.9% | 21.2% | |
Selling, general and administrative | 405.5 | 269.5 | 243.9 | 185.6 | 73.1 | 54.4 | 53.1 | |
Research and development | 62.5 | 41.9 | 36.6 | 20.4 | 10.7 | 7.2 | 5.6 | |
EBITA | 590.6 | 497.5 | 405.1 | 204.7 | 104.0 | 76.8 | 39.1 | |
EBITA margin | 16.2% | 18.8% | 16.2% | 12.7% | 14.1% | 13.4% | 8.6% | |
Amortization of intangibles | 55.9 | 22.3 | 22.5 | 31.6 | 2.8 | 2.8 | 3.2 | |
EBIT | 534.8 | 475.3 | 382.6 | 173.1 | 101.2 | 74.1 | 35.9 | |
EBIT margin | 14.6% | 17.9% | 15.3% | 10.7% | 13.7% | 12.9% | 7.9% | |
Pre-tax income | 460.9 | 447.3 | 351.0 | 146.6 | 97.3 | 68.9 | 15.4 | |
Income taxes | 145.1 | 134.6 | 117.7 | 10.4 | 26.9 | 15.4 | 9.3 | |
Tax rate | 31.5% | 30.1% | 33.5% | 7.1% | 27.7% | 22.3% | 60.4% | |
Net income | 315.8 | 312.7 | 233.3 | 136.1 | 70.3 | 53.6 | 6.1 | |
Net margin | 8.6% | 11.8% | 9.3% | 8.4% | 9.5% | 9.3% | 1.3% | |
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Diluted EPS | $3.88 | $4.12 | $3.10 | $1.93 | $1.12 | $1.71 | $0.25 | |
Shares outstanding (diluted) | 81.3 | 75.9 | 75.2 | 70.7 | 63.1 | 31.2 | 24.2 | |
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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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