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 | 5,884.9 | 4,237.2 | 6,498.8 | 5,188.7 | 4,796.0 | 4,001.2 | 2,861.7 | 2,170.5 |
Revenue growth | 38.9% | -34.8% | 25.2% | 8.2% | 19.9% | 39.8% | 31.8% | 19.7% |
Cost of goods sold | 5,649.1 | 4,183.8 | 6,014.5 | 4,588.7 | 4,221.8 | 3,551.1 | 2,686.6 | 2,089.8 |
Gross profit | 235.8 | 53.4 | 484.3 | 600.1 | 574.2 | 450.0 | 175.1 | 80.7 |
Gross margin | 4.0% | 1.3% | 7.5% | 11.6% | 12.0% | 11.2% | 6.1% | 3.7% |
Selling, general and administrative | 47.2 | 58.7 | 44.2 | -15.2 | 0.0 | -3.6 | 32.2 | 28.8 |
EBIT | 83.8 | -105.4 | 351.4 | 584.8 | 574.2 | 446.4 | 142.9 | 51.9 |
EBIT margin | 1.4% | -2.5% | 5.4% | 11.3% | 12.0% | 11.2% | 5.0% | 2.4% |
Pre-tax income | 53.6 | -131.3 | 341.7 | 613.1 | 580.1 | 447.3 | 111.5 | 6.2 |
Income taxes | 15.8 | -47.5 | 115.7 | 210.8 | 200.8 | 169.6 | 42.1 | 3.0 |
Tax rate | 29.5% | 36.2% | 33.9% | 34.4% | 34.6% | 37.9% | 37.7% | 47.8% |
Net income | 37.8 | -83.8 | 226.1 | 402.3 | 379.3 | 275.2 | 69.4 | 3.2 |
Net margin | 0.6% | -2.0% | 3.5% | 7.8% | 7.9% | 6.9% | 2.4% | 0.1% |
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Diluted EPS | $0.36 | ($0.81) | $2.18 | $3.77 | $3.40 | $2.42 | $0.63 | $0.06 |
Shares outstanding (diluted) | 105.0 | 103.4 | 103.7 | 106.7 | 111.6 | 113.7 | 110.1 | 53.9 |
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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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