Financial Summary (All financials)
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 | 17,638.8 | 17,256.1 | 16,557.7 | 17,423.1 | 17,260.9 | 17,030.0 | 16,270.6 | 15,654.5 |
Revenue growth | 2.2% | 4.2% | -5.0% | 0.9% | 1.4% | 4.7% | 3.9% | 114109.6% |
Cost of goods sold | 589.9 | 605.1 | 580.2 | 608.7 | 5,601.4 | 5,418.9 | 4,989.3 | 4,768.5 |
Gross profit | 17,048.9 | 16,651.0 | 15,977.5 | 16,814.4 | 11,659.6 | 11,611.0 | 11,281.3 | 10,886.0 |
Gross margin | 96.7% | 96.5% | 96.5% | 96.5% | 67.5% | 68.2% | 69.3% | 69.5% |
Selling, general and administrative | 5,484.5 | 5,414.8 | 5,309.1 | 5,162.3 | 689.5 | 755.9 | 810.3 | 878.5 |
EBIT | 11,069.0 | 10,680.4 | 9,912.9 | 10,859.0 | 10,796.2 | 10,843.6 | 10,462.7 | 9,994.5 |
EBIT margin | 62.8% | 61.9% | 59.9% | 62.3% | 62.5% | 63.7% | 64.3% | 63.8% |
Pre-tax income | 4,178.9 | 3,909.0 | 3,849.1 | 4,232.7 | 4,761.9 | 4,683.5 | 4,162.9 | 3,148.8 |
Income taxes | 986.6 | 961.4 | 1,017.5 | 1,146.0 | 1,366.6 | 1,316.6 | 1,060.3 | 674.6 |
Tax rate | 23.6% | 24.6% | 26.4% | 27.1% | 28.7% | 28.1% | 25.5% | 21.4% |
Net income | 3,192.3 | 2,947.5 | 2,831.6 | 3,086.7 | 3,395.2 | 3,366.9 | 3,102.6 | 2,474.2 |
Net margin | 18.1% | 17.1% | 17.1% | 17.7% | 19.7% | 19.8% | 19.1% | 15.8% |
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Diluted EPS | $1.37 | $1.25 | $1.19 | $1.28 | $1.39 | $1.38 | $1.27 | |
Shares outstanding (diluted) | 2,330.1 | 2,358.0 | 2,379.5 | 2,411.5 | 2,442.6 | 2,439.8 | 2,443.0 | |
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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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