EATON CORP (ETN) [Rocket]

In millions, except per share items	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04
Revenues	16,049.0	13,715.0	11,873.0	15,376.0	13,033.0	12,232.0	10,874.0	9,547.0
Revenue growth	17.0%	15.5%	-22.8%	18.0%	6.5%	12.5%	13.9%	22.5%
Cost of goods sold	11,261.0	9,633.0	8,782.0	11,191.0	0.0	0.0	0.0	0.0
Gross profit	4,788.0	4,082.0	3,091.0	4,185.0	13,033.0	12,232.0	10,874.0	9,547.0
Gross margin	29.8%	29.8%	26.0%	27.2%	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative	2,738.0	2,486.0	2,252.0	2,513.0	0.0	0.0	0.0	0.0
Research and development	417.0	425.0	395.0	417.0
EBITA	2,433.0	1,881.0	1,098.0	1,258.0	0.0	0.0	0.0	0.0
EBITA margin	15.2%	13.7%	9.2%	8.2%	0.0%	0.0%	0.0%	0.0%
Amortization of intangibles	158.0	181.0	170.0
EBIT	2,275.0	1,700.0	928.0	1,258.0	0.0	0.0	0.0	0.0
EBIT margin	14.2%	12.4%	7.8%	8.2%	0.0%	0.0%	0.0%	0.0%
Pre-tax income	1,553.0	1,036.0	303.0	1,140.0	1,055.0	979.0	969.0	756.0
Income taxes	201.0	99.0	-82.0	73.0	47.0	19.0	159.0	101.0
Tax rate	12.9%	9.6%		6.4%	4.5%	1.9%	16.4%	13.4%
Earnings from continuing ops	1,350.0	929.0	383.0	1,082.0	1,008.0	960.0	810.0	655.0
Earnings from discontinued ops					1,008.0	960.0	810.0	655.0
Net income	1,350.0	929.0	383.0	1,082.0	1,008.0	960.0	810.0	655.0
Net margin	8.4%	6.8%	3.2%	7.0%	7.7%	7.8%	7.4%	6.9%

Diluted EPS	$3.94	$2.74	$1.14	$3.33	$3.35	$3.14	$2.63	$2.08
Shares outstanding (diluted)	342.8	339.5	335.8	324.6	300.6	305.8	308.0	314.2

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.