Financial Summary (All financials)
In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 5,278 | 5,055 | 5,241 |
Revenue growth | 4.4% | -3.5% | |
Cost of goods sold | 0 | 0 | 0 |
Gross profit | 5,278 | 5,055 | 5,241 |
Gross margin | 100.0% | 100.0% | 100.0% |
Sales and marketing | 30 | 31 | 29 |
General and administrative | 201 | 169 | 141 |
EBIT | 5,047 | 4,855 | 5,071 |
EBIT margin | 95.6% | 96.0% | 96.8% |
Pre-tax income | 0 | 0 | 0 |
Income taxes | -111 | -152 | -212 |
Net income | 0 | 0 | 0 |
Net margin | 0.0% | 0.0% | 0.0% |
|
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|