EATON CORP (ETN) [Rocket]

In millions, except per share items	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Electrical Americas	4,192.0	3,675.0	3,410.0	4,016.0
Electrical Rest of World	2,984.0	2,748.0	2,483.0	2,904.0
Hydraulics	2,835.0	2,212.0	1,692.0	2,523.0
Truck	2,644.0	1,997.0	1,457.0	2,251.0
Other	3,394.0	3,083.0	2,831.0	3,682.0
Total revenues [+]	16,049.0	13,715.0	11,873.0	15,376.0	13,033.0	12,232.0	10,874.0	9,547.0
Net interest income				3,190.0	2,432.0	1,774.0	1,830.0	1,734.0
Revenue growth [+]	17.0%	15.5%	-22.8%	18.0%	6.5%	12.5%	13.9%	22.5%
Electrical Americas	14.1%	7.8%	-15.1%
Electrical Rest of World	8.6%	10.7%	-14.5%
Hydraulics	28.2%	30.7%	-32.9%
Truck	32.4%	37.1%	-35.3%
Automotive	12.9%	25.9%	-34.3%
Cost of goods sold	11,261.0	9,633.0	8,782.0	11,191.0	0.0	0.0	0.0	0.0
Gross profit	4,788.0	4,082.0	3,091.0	4,185.0	13,033.0	12,232.0	10,874.0	9,547.0
Gross margin	29.8%	29.8%	26.0%	27.2%	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative	2,738.0	2,486.0	2,252.0	2,513.0
Research and development	417.0	425.0	395.0	417.0
Other operating expenses	-642.0	-529.0	-484.0	-3.0	13,033.0	12,232.0	10,874.0	9,547.0
EBITDA [+]	2,831.0	2,251.0	1,501.0	1,829.0
EBITDA growth	25.8%	50.0%	-17.9%
EBITDA margin	17.6%	16.4%	12.6%	11.9%	0.0%	0.0%	0.0%	0.0%
Depreciation	398.0	370.0	403.0	571.0
EBITA	2,433.0	1,881.0	1,098.0	1,258.0	0.0	0.0	0.0	0.0
EBITA margin	15.2%	13.7%	9.2%	8.2%	0.0%	0.0%	0.0%	0.0%
Amortization of intangibles	158.0	181.0	170.0
EBIT [+]	2,275.0	1,700.0	928.0	1,258.0	0.0	0.0	0.0	0.0
EBIT growth	33.8%	83.2%	-26.2%
EBIT margin	14.2%	12.4%	7.8%	8.2%	0.0%	0.0%	0.0%	0.0%
Non-recurring items	15.0		-22.0	3.0
Interest expense, net [+]	-118.0	-136.0	-150.0	157.0
Interest expense	174.0	170.0	180.0	157.0
Interest income	118.0	136.0	150.0
Other income (expense), net	-651.0	-630.0	-617.0	42.0	1,055.0	979.0	969.0	756.0
Pre-tax income	1,553.0	1,036.0	303.0	1,140.0	1,055.0	979.0	969.0	756.0
Income taxes	201.0	99.0	-82.0	73.0	47.0	19.0	159.0	101.0
Tax rate	12.9%	9.6%		6.4%	4.5%	1.9%	16.4%	13.4%
Minority interest	-2.0	-8.0	-2.0	-12.0
Earnings from continuing ops	1,350.0	929.0	383.0	1,082.0	1,008.0	960.0	810.0	655.0
Earnings from discontinued ops					1,008.0	960.0	810.0	655.0
Net income	1,350.0	929.0	383.0	1,082.0	1,008.0	960.0	810.0	655.0
Net margin	8.4%	6.8%	3.2%	7.0%	7.7%	7.8%	7.4%	6.9%

Basic EPS [+]	$3.99	$2.77	$1.15	$3.38	$3.45	$3.28	$2.73	$2.14
Growth	44.1%	140.5%	-65.9%	-2.2%	5.2%	20.3%	27.7%	61.6%
Diluted EPS [+]	$3.94	$2.74	$1.14	$3.33	$3.35	$3.14	$2.63	$2.08
Growth	43.9%	139.9%	-65.8%	-0.6%	6.8%	19.4%	26.2%	60.3%

Dividends per share [+]	$1.36	$1.08	$1.00	$1.00	$860,000.00	$740,000.00	$620,000.00	$540,000.00
Growth	25.9%	8.0%	0.0%	-100.0%	16.2%	19.4%	14.8%	17.4%

Shares outstanding (basic) [+]	338.3	335.5	332.7	320.4	292.0	292.6	297.0	306.6
Growth	0.8%	0.8%	3.8%	9.7%	-0.2%	-1.5%	-3.1%	1.9%
Shares outstanding (diluted) [+]	342.8	339.5	335.8	324.6	300.6	305.8	308.0	314.2
Growth	1.0%	1.1%	3.5%	8.0%	-1.7%	-0.7%	-2.0%	2.7%

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