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 | Dec-31-02 | Dec-31-01 |
Revenues | 1,311.2 | 1,238.9 | 1,105.0 | 981.9 | 813.0 | 724.3 | 637.7 | 579.2 |
Revenue growth | 5.8% | 12.1% | 12.5% | 20.8% | 12.3% | 13.6% | 10.1% | |
Cost of goods sold | 65.1 | 52.8 | 50.0 | 45.5 | 43.5 | 355.8 | 40.5 | 249.8 |
Gross profit | 1,246.1 | 1,186.1 | 1,055.0 | 936.4 | 769.6 | 368.5 | 597.1 | 329.4 |
Gross margin | 95.0% | 95.7% | 95.5% | 95.4% | 94.7% | 50.9% | 93.6% | 56.9% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 46.5 | 43.5 | 43.0 | 22.4 | 42.1 |
EBIT | -27.0 | -20.9 | -19.2 | 97.6 | 75.2 | 68.9 | 574.7 | 77.5 |
EBIT margin | -2.1% | -1.7% | -1.7% | 9.9% | 9.3% | 9.5% | 90.1% | 13.4% |
Pre-tax income | 0.0 | 0.0 | 0.3 | 81.9 | 57.9 | 52.4 | 17.7 | 63.7 |
Income taxes | 0.0 | 0.0 | 0.0 | 19.4 | 15.7 | 12.7 | 0.0 | 20.1 |
Tax rate | | | 0.0% | 23.6% | 27.1% | 24.3% | 0.0% | 31.5% |
Earnings from continuing ops | | | 0.3 | 62.2 | 39.8 | 37.5 | 17.7 | 41.6 |
Earnings from discontinued ops | | | 0.3 | -0.4 | 1.7 | 1.4 | 17.7 | |
Net income | 0.0 | 0.0 | 0.3 | 61.8 | 41.5 | 38.9 | 17.7 | 41.6 |
Net margin | 0.0% | 0.0% | 0.0% | 6.3% | 5.1% | 5.4% | 2.8% | 7.2% |
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Diluted EPS | | | | $2.12 | $1.52 | $1.45 | | $1.68 |
Shares outstanding (diluted) | | | | 29.3 | 26.2 | 25.8 | | 24.8 |
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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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