Financial Summary (All financials)
In millions, except per share items | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 |
Revenues | 6,068.7 | 5,908.5 | 5,612.2 | 5,514.0 | 5,386.3 | 5,190.8 | 5,231.4 | 5,707.5 |
Revenue growth | 2.7% | 5.3% | 1.8% | 2.4% | 3.8% | -0.8% | -8.3% | 70.8% |
Cost of goods sold | 3,787.1 | 3,786.4 | 3,654.6 | 3,514.6 | 3,325.5 | 3,039.1 | 2,964.2 | 3,367.6 |
Gross profit | 2,281.6 | 2,122.1 | 1,957.6 | 1,999.4 | 2,060.8 | 2,151.7 | 2,267.2 | 2,339.9 |
Gross margin | 37.6% | 35.9% | 34.9% | 36.3% | 38.3% | 41.5% | 43.3% | 41.0% |
Selling, general and administrative | 631.9 | 587.3 | 510.2 | 553.7 | 480.1 | 462.7 | 434.7 | 430.8 |
EBITA | 1,055.7 | 954.6 | 903.8 | 886.4 | 1,034.7 | 1,219.8 | 1,262.6 | 1,381.0 |
EBITA margin | 17.4% | 16.2% | 16.1% | 16.1% | 19.2% | 23.5% | 24.1% | 24.2% |
Amortization of intangibles | | | | | | | 226.7 | 223.2 |
EBIT | 1,055.7 | 954.6 | 903.8 | 886.4 | 1,034.7 | 1,219.8 | 1,035.9 | 1,157.7 |
EBIT margin | 17.4% | 16.2% | 16.1% | 16.1% | 19.2% | 23.5% | 19.8% | 20.3% |
Pre-tax income | 517.3 | 391.2 | 320.7 | 127.5 | 201.8 | 365.8 | 198.0 | 381.2 |
Income taxes | 207.1 | 235.3 | 131.1 | 72.2 | 88.7 | 165.6 | 162.4 | 237.5 |
Tax rate | 40.0% | 60.1% | 40.9% | 56.6% | 44.0% | 45.3% | 82.0% | 62.3% |
Earnings from continuing ops | 272.3 | 112.9 | 137.0 | 36.4 | -452.0 | 120.4 | -41.1 | 0.0 |
Earnings from discontinued ops | -36.2 | 5.1 | 14.8 | -8.7 | -11.5 | 16.8 | 26.6 | |
Net income | 236.1 | 118.0 | 151.8 | 27.7 | -463.5 | 137.2 | -14.5 | 0.0 |
Net margin | 3.9% | 2.0% | 2.7% | 0.5% | -8.6% | 2.6% | -0.3% | 0.0% |
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Diluted EPS | $0.61 | $0.31 | $0.42 | $0.11 | ($2.22) | $0.62 | ($216,772.15) | $0.00 |
Shares outstanding (diluted) | 443.0 | 359.3 | 330.1 | 319.7 | 203.8 | 193.5 | 0.0 | 188.8 |
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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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