Financial Summary (All financials)
In millions, except per share items | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 |
Revenues | 1,529.6 | 1,253.8 | 1,051.4 | 818.9 | 619.6 | 452.8 | 335.9 |
Revenue growth | 22.0% | 19.2% | 28.4% | 32.2% | 36.9% | 34.8% | |
Cost of goods sold | 12.2 | 12.6 | 42.8 | 9.4 | 7.8 | 6.4 | 6.8 |
Gross profit | 1,517.4 | 1,241.1 | 1,008.6 | 809.4 | 611.8 | 446.4 | 329.1 |
Gross margin | 99.2% | 99.0% | 95.9% | 98.8% | 98.7% | 98.6% | 98.0% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
EBITA | 1,520.3 | 1,241.9 | 1,034.3 | 809.4 | 611.8 | 446.4 | 329.1 |
EBITA margin | 99.4% | 99.1% | 98.4% | 98.8% | 98.7% | 98.6% | 98.0% |
Amortization of intangibles | 2.9 | 0.8 | | | | | |
EBIT | 1,517.4 | 1,241.1 | 1,034.3 | 809.4 | 611.8 | 446.4 | 329.1 |
EBIT margin | 99.2% | 99.0% | 98.4% | 98.8% | 98.7% | 98.6% | 98.0% |
Pre-tax income | 485.3 | 434.7 | 240.8 | 118.9 | 89.7 | 49.1 | 49.7 |
Income taxes | 158.5 | 145.8 | 84.1 | 35.3 | 27.5 | 15.3 | 16.9 |
Tax rate | 32.7% | 33.5% | 34.9% | 29.6% | 30.7% | 31.2% | 33.9% |
Net income | 326.8 | 288.8 | 156.7 | 83.7 | 62.2 | 33.8 | 32.8 |
Net margin | 21.4% | 23.0% | 14.9% | 10.2% | 10.0% | 7.5% | 9.8% |
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Diluted EPS | $4.64 | $4.14 | $2.29 | $1.26 | $0.95 | $1.56 | $1.99 |
Shares outstanding (diluted) | 70.4 | 69.8 | 68.6 | 66.5 | 65.7 | 21.6 | 16.5 |
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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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