Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 2,811.7 | 3,032.6 | 2,736.4 | 2,311.6 | 1,953.6 | 2,289.6 | 2,194.7 | 1,665.0 |
Revenue growth | -7.3% | 10.8% | 18.4% | 18.3% | -14.7% | 4.3% | 31.8% | 10.9% |
Cost of goods sold | 2,083.0 | 2,247.3 | 2,004.3 | 1,667.9 | 1,366.7 | 1,632.1 | 1,576.1 | 1,216.1 |
Gross profit | 728.7 | 785.3 | 732.1 | 643.7 | 586.9 | 657.5 | 618.6 | 448.9 |
Gross margin | 25.9% | 25.9% | 26.8% | 27.8% | 30.0% | 28.7% | 28.2% | 27.0% |
Selling, general and administrative | 397.1 | 385.5 | 365.8 | 357.4 | 300.5 | 287.3 | 273.8 | 239.0 |
Research and development | 27.9 | 38.8 | 30.4 | 27.6 | 23.9 | 20.3 | 12.7 | 12.8 |
EBITA | 336.8 | 389.9 | 365.3 | 291.7 | 283.3 | 368.1 | 337.5 | 197.1 |
EBITA margin | 12.0% | 12.9% | 13.3% | 12.6% | 14.5% | 16.1% | 15.4% | 11.8% |
Amortization of intangibles | 33.1 | 28.9 | 29.4 | 33.0 | 20.8 | 19.5 | | |
EBIT | 303.7 | 361.0 | 335.9 | 258.7 | 262.5 | 348.6 | 337.5 | 197.1 |
EBIT margin | 10.8% | 11.9% | 12.3% | 11.2% | 13.4% | 15.2% | 15.4% | 11.8% |
Pre-tax income | 185.6 | 257.5 | 275.7 | 183.9 | 215.7 | 311.9 | 301.3 | 167.6 |
Income taxes | 61.2 | 88.2 | 92.8 | 62.9 | 69.0 | 101.1 | 103.6 | 60.9 |
Tax rate | 33.0% | 34.3% | 33.7% | 34.2% | 32.0% | 32.4% | 34.4% | 36.3% |
Net income | 126.1 | 170.2 | 186.8 | 121.2 | 146.7 | 210.8 | 197.7 | 106.7 |
Net margin | 4.5% | 5.6% | 6.8% | 5.2% | 7.5% | 9.2% | 9.0% | 6.4% |
|
Diluted EPS | $1.63 | $2.22 | $2.45 | $1.55 | $1.80 | $2.57 | $2.36 | $1.25 |
Shares outstanding (diluted) | 77.2 | 76.8 | 76.3 | 78.3 | 81.5 | 81.9 | 83.8 | 85.6 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|