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 | 1,429.5 | 1,285.9 | 1,364.6 | 1,436.5 | 1,567.6 | 1,565.7 | 1,500.6 | 1,342.1 |
Revenue growth | 11.2% | -5.8% | -5.0% | -8.4% | 0.1% | 4.3% | 11.8% | 12.7% |
Cost of goods sold | 733.0 | 683.0 | 743.8 | 771.7 | 823.4 | 791.2 | 745.6 | 717.7 |
Gross profit | 696.5 | 602.9 | 620.7 | 664.7 | 744.2 | 774.5 | 755.0 | 624.5 |
Gross margin | 48.7% | 46.9% | 45.5% | 46.3% | 47.5% | 49.5% | 50.3% | 46.5% |
Sales and marketing | 427.4 | 408.0 | 437.7 | 464.7 | 452.2 | 419.3 | 407.8 | 356.4 |
General and administrative | 123.9 | 116.8 | 113.0 | 116.2 | 125.4 | 110.8 | 101.1 | 83.7 |
EBIT | 148.2 | 78.2 | 70.0 | 59.2 | 166.5 | 244.4 | 246.0 | 184.3 |
EBIT margin | 10.4% | 6.1% | 5.1% | 4.1% | 10.6% | 15.6% | 16.4% | 13.7% |
Pre-tax income | 141.3 | 81.4 | 76.8 | 59.7 | 157.6 | 267.0 | 233.7 | 182.8 |
Income taxes | 44.6 | 24.7 | 33.9 | 19.7 | 56.4 | 86.8 | 88.6 | 64.9 |
Tax rate | 31.6% | 30.4% | 44.1% | 33.0% | 35.8% | 32.5% | 37.9% | 35.5% |
Net income | 96.6 | 56.6 | 42.9 | 40.0 | 101.2 | 180.2 | 145.1 | 117.9 |
Net margin | 6.8% | 4.4% | 3.1% | 2.8% | 6.5% | 11.5% | 9.7% | 8.8% |
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Diluted EPS | $1.82 | $1.01 | $0.73 | $0.65 | $1.59 | $2.66 | $2.03 | $1.62 |
Shares outstanding (diluted) | 53.0 | 56.4 | 58.8 | 61.7 | 63.7 | 67.7 | 71.3 | 73.0 |
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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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