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 | 627.7 | 571.3 | 604.2 | 676.4 | 645.7 | 744.4 | 1,159.2 | 1,154.6 |
Revenue growth | 9.9% | -5.5% | -10.7% | 4.8% | -13.3% | -35.8% | 0.4% | |
Cost of goods sold | 199.1 | 220.1 | 306.2 | 610.2 | 765.2 | 762.5 | 938.1 | 1,062.1 |
Gross profit | 428.6 | 351.2 | 298.0 | 66.2 | -119.5 | -18.0 | 221.0 | 92.6 |
Gross margin | 68.3% | 61.5% | 49.3% | 9.8% | -18.5% | -2.4% | 19.1% | 8.0% |
Selling, general and administrative | 322.6 | 251.1 | 304.5 | 39.0 | 132.0 | 315.7 | 940.7 | 1,160.9 |
EBIT | 65.9 | 66.9 | -35.7 | 27.1 | -251.5 | -333.7 | -719.6 | -6.3 |
EBIT margin | 10.5% | 11.7% | -5.9% | 4.0% | -39.0% | -44.8% | -62.1% | -0.5% |
Pre-tax income | 88.8 | 94.2 | -19.8 | -84.6 | -643.0 | -2,858.8 | -929.3 | 0.0 |
Income taxes | -84.5 | 21.8 | -40.4 | -8.6 | -64.1 | -611.2 | -178.6 | 0.0 |
Tax rate | | 23.1% | 204.2% | 10.1% | 10.0% | 21.4% | 19.2% | |
Earnings from continuing ops | 173.2 | 72.5 | 20.6 | -76.0 | -578.9 | -2,247.6 | 0.0 | |
Earnings from discontinued ops | 5.9 | | 51.6 | -5.5 | 9.1 | 12.5 | | |
Net income | 176.9 | 72.5 | 54.8 | -94.5 | -577.4 | -6,423.2 | 0.0 | 0.0 |
Net margin | 28.2% | 12.7% | 9.1% | -14.0% | -89.4% | -862.8% | 0.0% | 0.0% |
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Diluted EPS | $0.40 | $0.17 | $0.05 | ($0.18) | ($1.41) | ($5,473.90) | $0.00 | |
Shares outstanding (diluted) | 429.9 | 426.3 | 426.2 | 422.7 | 410.3 | 0.4 | 0.4 | |
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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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