Financial Summary (All financials)
In millions, except per share items | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 |
Revenues | 1,363.0 | 1,327.5 | 1,149.9 | 994.8 | 813.1 | 574.3 | 313.8 | 155.9 |
Revenue growth | 2.7% | 15.4% | 15.6% | 22.3% | 41.6% | 83.0% | 101.3% | 43.8% |
Cost of goods sold | 296.9 | 298.5 | 281.2 | 274.0 | 159.8 | 101.4 | 61.1 | 45.9 |
Gross profit | 1,066.0 | 1,029.0 | 868.8 | 720.8 | 653.3 | 472.9 | 252.7 | 110.0 |
Gross margin | 78.2% | 77.5% | 75.6% | 72.5% | 80.3% | 82.3% | 80.5% | 70.6% |
Selling, general and administrative | 36.7 | 34.2 | 35.6 | 34.6 | 67.8 | 52.5 | 25.3 | 17.4 |
EBITA | 915.5 | 884.5 | 733.3 | 584.4 | 523.3 | 364.7 | 204.6 | 56.2 |
EBITA margin | 67.2% | 66.6% | 63.8% | 58.7% | 64.4% | 63.5% | 65.2% | 36.1% |
Amortization of intangibles | 69.1 | 75.8 | 71.0 | 65.6 | 29.8 | | | |
EBIT | 846.4 | 808.7 | 662.3 | 518.8 | 493.5 | 364.7 | 204.6 | 56.2 |
EBIT margin | 62.1% | 60.9% | 57.6% | 52.1% | 60.7% | 63.5% | 65.2% | 36.1% |
Pre-tax income | 789.7 | 760.0 | 609.5 | 493.7 | 473.5 | 358.4 | 212.5 | 60.0 |
Income taxes | 228.0 | 238.3 | 201.7 | 179.6 | 172.5 | 117.8 | 69.3 | 19.6 |
Tax rate | 28.9% | 31.4% | 33.1% | 36.4% | 36.4% | 32.9% | 32.6% | 32.6% |
Net income | 571.9 | 533.8 | 417.2 | 312.3 | 301.0 | 240.6 | 143.3 | 0.0 |
Net margin | 42.0% | 40.2% | 36.3% | 31.4% | 37.0% | 41.9% | 45.7% | 0.0% |
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Diluted EPS | $7.80 | $7.22 | $5.60 | $4.22 | $4.17 | $3.39 | $2.40 | ($0.39) |
Shares outstanding (diluted) | 73.4 | 73.9 | 74.5 | 74.1 | 72.2 | 71.0 | 59.6 | 0.1 |
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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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