Financial Summary (All financials)
In millions, except per share items | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 |
Revenues | 35,469.6 | 26,713.8 | 23,612.1 | 20,858.2 | 8,321.2 | 5,346.4 |
Revenue growth | 32.8% | 13.1% | 13.2% | 150.7% | 55.6% | |
Cost of goods sold | 33,615.9 | 25,401.6 | 22,420.0 | 19,891.2 | 7,904.3 | 5,046.8 |
Gross profit | 1,853.7 | 1,312.2 | 1,192.2 | 967.1 | 416.9 | 299.7 |
Gross margin | 5.2% | 4.9% | 5.0% | 4.6% | 5.0% | 5.6% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 63.0 | 0.0 | 0.0 |
EBIT | 1,841.2 | 1,207.4 | 1,142.2 | 904.0 | 475.2 | 232.6 |
EBIT margin | 5.2% | 4.5% | 4.8% | 4.3% | 5.7% | 4.4% |
Pre-tax income | 1,176.5 | 778.2 | 794.5 | 569.7 | 26.0 | 10.6 |
Income taxes | 31.0 | 15.8 | 22.0 | -8.4 | -3.8 | -5.3 |
Tax rate | 2.6% | 2.0% | 2.8% | | | |
Net income | 164.1 | 109.0 | 134.0 | 82.2 | 29.8 | 15.9 |
Net margin | 0.5% | 0.4% | 0.6% | 0.4% | 0.4% | 0.3% |
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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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