Financial Summary (All financials)
In millions, except per share items | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 |
Revenues | 6,318.4 | 5,806.3 | 5,188.1 | 4,437.7 | 3,908.8 | 2,835.1 | 2,329.9 | 1,823.7 |
Revenue growth | 8.8% | 11.9% | 16.9% | 13.5% | 37.9% | 21.7% | 27.8% | 12.4% |
Cost of goods sold | 5,438.1 | 4,865.0 | 4,539.6 | 3,732.5 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 880.3 | 941.4 | 648.5 | 705.2 | 3,908.8 | 2,835.1 | 2,329.9 | 1,823.7 |
Gross margin | 13.9% | 16.2% | 12.5% | 15.9% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 514.8 | 452.1 | 394.1 | 435.9 | 377.0 | 369.9 | 258.4 | 191.9 |
EBITA | 272.8 | 398.9 | 156.5 | 252.5 | 198.9 | 173.7 | 87.3 | 142.0 |
EBITA margin | 4.3% | 6.9% | 3.0% | 5.7% | 5.1% | 6.1% | 3.7% | 7.8% |
Amortization of intangibles | 0.5 | 0.6 | 0.4 | | | | | |
EBIT | 272.3 | 398.3 | 156.1 | 252.5 | 198.9 | 173.7 | 87.3 | 142.0 |
EBIT margin | 4.3% | 6.9% | 3.0% | 5.7% | 5.1% | 6.1% | 3.7% | 7.8% |
Pre-tax income | 309.8 | 437.2 | 201.4 | -2.3 | 179.9 | 173.1 | 86.7 | 141.2 |
Income taxes | 114.2 | 163.8 | 52.1 | 54.4 | 67.7 | 66.0 | 33.1 | 55.2 |
Tax rate | 36.9% | 37.5% | 25.9% | | 37.6% | 38.1% | 38.1% | 39.1% |
Net income | 195.6 | 273.4 | 149.3 | -56.6 | 112.2 | 107.1 | 53.7 | 86.0 |
Net margin | 3.1% | 4.7% | 2.9% | -1.3% | 2.9% | 3.8% | 2.3% | 4.7% |
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Diluted EPS | $3.82 | $5.40 | $2.85 | ($1.07) | $2.13 | $2.07 | $1.05 | $1.73 |
Shares outstanding (diluted) | 51.2 | 50.6 | 52.3 | 52.8 | 52.6 | 51.9 | 51.2 | 49.7 |
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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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