Financial Summary (All financials)
In millions, except per share items | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 |
Revenues | 0.0 | 7,042.0 | 7,420.0 | 7,157.0 | 6,812.0 | 6,716.0 | 7,722.0 | 7,483.0 |
Revenue growth | -100.0% | -5.1% | 3.7% | 5.1% | 1.4% | -13.0% | 3.2% | 44.2% |
Cost of goods sold | 0.0 | 6,338.0 | 6,404.0 | 6,185.0 | 6,054.0 | 5,807.0 | 6,673.0 | 6,247.0 |
Gross profit | 0.0 | 704.0 | 1,016.0 | 972.0 | 758.0 | 909.0 | 1,049.0 | 1,236.0 |
Gross margin | | 10.0% | 13.7% | 13.6% | 11.1% | 13.5% | 13.6% | 16.5% |
Selling, general and administrative | 569.0 | 645.0 | 643.0 | 677.0 | 689.0 | 655.0 | 882.0 | 740.0 |
EBIT | 0.0 | 59.0 | 373.0 | 295.0 | 69.0 | 254.0 | 167.0 | 496.0 |
EBIT margin | | 0.8% | 5.0% | 4.1% | 1.0% | 3.8% | 2.2% | 6.6% |
Pre-tax income | 0.0 | -2,995.0 | -76.0 | -110.0 | -619.0 | -126.0 | -258.0 | 167.0 |
Income taxes | 0.0 | -177.0 | 27.0 | -40.0 | -238.0 | -73.0 | -111.0 | 60.0 |
Tax rate | | 5.9% | | 36.4% | 38.4% | 57.9% | 43.0% | 35.9% |
Earnings from continuing ops | | 0.0 | -103.0 | -70.0 | -381.0 | -53.0 | -147.0 | 107.0 |
Earnings from discontinued ops | | | | 14.0 | | 1.0 | -146.0 | 113.0 |
Net income | 0.0 | 0.0 | -103.0 | -59.0 | -330.0 | -52.0 | -293.0 | 220.0 |
Net margin | | 0.0% | -1.4% | -0.8% | -4.8% | -0.8% | -3.8% | 2.9% |
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Diluted EPS | | ($11.01) | | | | | | |
Shares outstanding (diluted) | | 0.0 | | | | | | |
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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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