Baxalta Inc (BXLT) [Rocket]

In millions, except per share items	Mar-31-16	Dec-31-15	Sep-30-15	Jun-30-15	Mar-31-15
	10-Q	10-K	10-Q	10-Q	10-Q
Total revenues	6,335	6,148	6,068	5,961	5,984
Revenue growth	5.9%
Cost of goods sold	2,525	2,386	2,376	2,357	2,455
Gross profit	3,810	3,762	3,692	3,604	3,529
Gross margin	60.1%	61.2%	60.8%	60.5%	59.0%
Selling, general and administrative	1,543	1,442	1,295	1,195	1,114
Research and development	1,300	1,176	863	887	813
Other operating expenses	-43	-22	74	140	134
EBITDA [+]	1,285	1,423	1,698	1,604	1,632
EBITDA growth	-21.3%
EBITDA margin	20.3%	23.1%	28.0%	26.9%	27.3%
Depreciation	211	204	201	198	144
EBITA	1,074	1,219	1,497	1,406	1,488
EBITA margin	17.0%	19.8%	24.7%	23.6%	24.9%
Amortization of intangibles	64	53	37	24	20
EBIT [+]	1,010	1,166	1,460	1,382	1,468
EBIT growth	-31.2%
EBIT margin	15.9%	19.0%	24.1%	23.2%	24.5%
Non-recurring items	159	158
Interest expense, net [+]	-71	-48	-26	-3
Interest expense	114	90	45
Interest income	71	48	26	3
Other income (expense), net	223	232	-90	-79	-129
Pre-tax income	1,031	1,198	1,475	1,430	1,463
Income taxes	220	270	314	325	324
Tax rate	21.3%	22.5%	21.3%	22.7%	22.1%
Earnings from continuing ops	811	928	1,161	1,105	1,139
Earnings from discontinued ops		28	463	456	512
Net income	829	956	1,624	1,561	1,651
Net margin	13.1%	15.5%	26.8%	26.2%	27.6%

Basic EPS [+]	$1.20	$1.37	$1.72	$1.63	$1.68
Growth	-29.0%
Diluted EPS [+]	$1.19	$1.36	$1.70	$1.62	$1.67
Growth	-29.1%

Dividends per share	$0.21	$0.14	$0.07

Shares outstanding (basic) [+]	678	677	676	676	676
Growth	0.3%
Shares outstanding (diluted) [+]	684	682	682	681	681
Growth	0.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.