Financial Summary (All financials)
In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
Revenues | 16,243.6 | 14,008.6 | 11,053.7 | 11,289.1 | 11,415.4 | 13,115.4 | 15,713.2 | 15,366.6 |
Revenue growth | 16.0% | 26.7% | -2.1% | -1.1% | -13.0% | -16.5% | 2.3% | 8.9% |
Cost of goods sold | 2,860.2 | 1,989.2 | 1,671.6 | 1,807.9 | 2,352.0 | 4,114.5 | 4,546.9 | 2,702.6 |
Gross profit | 13,383.3 | 12,019.3 | 9,382.1 | 9,481.2 | 9,063.5 | 9,001.0 | 11,166.3 | 12,664.0 |
Gross margin | 82.4% | 85.8% | 84.9% | 84.0% | 79.4% | 68.6% | 71.1% | 82.4% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 270.2 | 262.3 | 239.4 | 245.9 | 237.6 | 238.0 | 330.1 | 360.4 |
General and administrative | 1,816.2 | 1,552.4 | 1,083.7 | 939.9 | 1,052.5 | 877.6 | 1,362.0 | 1,291.1 |
EBIT | 367.7 | 211.8 | 167.7 | -84.0 | 14.7 | 142.1 | 108.8 | 13.2 |
EBIT margin | 2.3% | 1.5% | 1.5% | -0.7% | 0.1% | 1.1% | 0.7% | 0.1% |
Pre-tax income | 454.6 | 199.8 | 270.0 | 31.7 | 161.8 | 280.6 | -25.2 | 147.1 |
Income taxes | 269.0 | 54.2 | 99.8 | 6.0 | 100.7 | 108.7 | 23.8 | 52.1 |
Tax rate | 59.2% | 27.1% | 37.0% | 18.9% | 62.3% | 38.7% | | 35.4% |
Earnings from continuing ops | 185.7 | 145.6 | 170.1 | 25.7 | 61.1 | 171.9 | -49.0 | 95.0 |
Earnings from discontinued ops | | | | 114.8 | | | | |
Net income | 185.7 | 145.6 | 170.1 | 122.1 | 72.1 | 204.2 | -49.0 | 95.0 |
Net margin | 1.1% | 1.0% | 1.5% | 1.1% | 0.6% | 1.6% | -0.3% | 0.6% |
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Diluted EPS | $2.37 | $1.80 | $2.12 | $0.31 | $0.68 | $1.73 | ($0.47) | $0.88 |
Shares outstanding (diluted) | 78.4 | 80.8 | 80.4 | 83.1 | 90.0 | 99.2 | 103.8 | 107.6 |
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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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