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 | Jan-31-05 | Aug-31-04 |
Revenues | 2,859.3 | 2,569.7 | 2,409.9 | 2,107.0 | 1,934.2 | 1,655.5 | 696.2 | 1,604.6 |
Revenue growth | 11.3% | 6.6% | 14.4% | 8.9% | 16.8% | | | |
Cost of goods sold | 2,382.8 | 2,131.1 | 2,020.8 | 1,773.5 | 294.8 | 233.1 | 576.2 | 218.3 |
Gross profit | 476.6 | 438.6 | 389.1 | 333.5 | 1,639.4 | 1,422.4 | 120.0 | 1,386.3 |
Gross margin | 16.7% | 17.1% | 16.1% | 15.8% | 84.8% | 85.9% | 17.2% | 86.4% |
Selling, general and administrative | 67.9 | 63.5 | 69.7 | 61.9 | 57.4 | 54.3 | 21.6 | 47.9 |
EBIT | 246.0 | 213.1 | 168.2 | 134.8 | 108.1 | 81.1 | 20.7 | 72.1 |
EBIT margin | 8.6% | 8.3% | 7.0% | 6.4% | 5.6% | 4.9% | 3.0% | 4.5% |
Pre-tax income | 210.5 | 180.6 | 137.1 | 95.1 | 63.6 | 34.4 | 15.8 | 59.1 |
Income taxes | 79.1 | 65.7 | 52.5 | 36.1 | 25.0 | 14.4 | 6.3 | 21.8 |
Tax rate | 37.6% | 36.4% | 38.3% | 38.0% | 39.2% | 41.8% | 39.8% | 36.8% |
Net income | 131.7 | 115.2 | 84.8 | 59.8 | 39.1 | 20.1 | 9.5 | 37.3 |
Net margin | 4.6% | 4.5% | 3.5% | 2.8% | 2.0% | 1.2% | 1.4% | 2.3% |
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Diluted EPS | $2.95 | $2.64 | $1.97 | $1.39 | $0.92 | $0.59 | | |
Shares outstanding (diluted) | 44.7 | 43.6 | 43.1 | 43.1 | 42.5 | 34.3 | | |
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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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