Financial Summary (All financials)
In millions, except per share items | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 | Dec-31-99 | Dec-31-98 |
Revenues | 2,143.5 | 2,525.8 | 2,927.0 | 2,762.2 | 1,837.3 | 1,353.5 |
Revenue growth | -15.1% | -13.7% | 6.0% | 50.3% | 35.7% | |
Cost of goods sold | 1,335.0 | 1,531.7 | 1,769.2 | 1,879.3 | 1,248.7 | 970.2 |
Gross profit | 808.4 | 994.1 | 1,157.8 | 882.8 | 588.6 | 383.3 |
Gross margin | 37.7% | 39.4% | 39.6% | 32.0% | 32.0% | 28.3% |
Sales and marketing | 206.2 | 211.0 | 212.1 | 193.4 | 119.2 | 99.3 |
Research and development | 173.2 | 158.5 | 99.6 | 69.6 | 18.8 | 39.7 |
General and administrative | 114.7 | 109.7 | 120.8 | 96.6 | 55.9 | 50.2 |
EBIT | 264.8 | 470.0 | 651.7 | 429.7 | 318.9 | 136.0 |
EBIT margin | 12.4% | 18.6% | 22.3% | 15.6% | 17.4% | 10.0% |
Pre-tax income | 108.3 | 413.0 | 541.8 | 436.6 | 304.2 | 153.9 |
Income taxes | -28.0 | 188.5 | 218.4 | 117.4 | 69.6 | 8.6 |
Tax rate | | 45.6% | 40.3% | 26.9% | 22.9% | 5.6% |
Net income | 136.0 | 222.6 | 323.8 | 309.9 | 234.5 | 145.3 |
Net margin | 6.3% | 8.8% | 11.1% | 11.2% | 12.8% | 10.7% |
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Diluted EPS | $0.56 | $0.92 | $1.34 | $1.28 | $0.97 | $0.60 |
Shares outstanding (diluted) | 242.5 | 242.5 | 242.5 | 242.5 | 242.5 | 242.5 |
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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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