Financial Summary (All financials)
In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 1,146.3 | 1,970.9 | 2,339.9 | 2,502.2 |
Revenue growth | -41.8% | -15.8% | -6.5% | |
Cost of goods sold | 195.3 | 1,037.2 | 1,447.4 | 568.7 |
Gross profit | 951.0 | 933.7 | 892.5 | 1,933.5 |
Gross margin | 83.0% | 47.4% | 38.1% | 77.3% |
Selling, general and administrative | 248.0 | 359.8 | 425.7 | 489.8 |
General and administrative | 5.6 | 12.2 | 7.2 | |
EBITA | 556.8 | 425.1 | 396.5 | 332.9 |
EBITA margin | 48.6% | 21.6% | 16.9% | 13.3% |
Amortization of intangibles | 36.3 | 38.2 | 40.2 | |
EBIT | 520.5 | 386.9 | 356.3 | 332.9 |
EBIT margin | 45.4% | 19.6% | 15.2% | 13.3% |
Pre-tax income | 322.2 | 159.7 | 114.7 | 284.3 |
Income taxes | 88.5 | 42.0 | 26.6 | 97.5 |
Tax rate | 27.5% | 26.3% | 23.2% | 34.3% |
Net income | 233.7 | 117.7 | 88.1 | 186.8 |
Net margin | 20.4% | 6.0% | 3.8% | 7.5% |
|
Diluted EPS | $0.65 | $0.33 | $0.25 | $1.36 |
Shares outstanding (diluted) | 357.8 | 354.1 | 348.2 | 137.2 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|