Financial Summary (All financials)
In millions, except per share items | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 |
Revenues | 1,460.1 | 1,594.2 | 1,702.6 | 1,329.0 | 1,518.8 | 1,281.6 | 1,712.2 | 1,565.8 |
Revenue growth | -8.4% | -6.4% | 28.1% | -12.5% | 18.5% | -25.1% | 9.3% | 32.7% |
Cost of goods sold | 24.9 | 27.3 | 34.9 | 30.8 | 994.2 | 909.3 | 1,221.6 | 1,096.1 |
Gross profit | 1,435.2 | 1,566.9 | 1,667.7 | 1,298.2 | 524.6 | 372.3 | 490.6 | 469.7 |
Gross margin | 98.3% | 98.3% | 98.0% | 97.7% | 34.5% | 29.0% | 28.7% | 30.0% |
Selling, general and administrative | | | | | 188.0 | 185.7 | 265.3 | 250.9 |
General and administrative | 103.9 | 110.5 | 126.7 | 138.1 | | | | |
EBIT | 275.4 | 412.9 | 627.2 | 388.4 | 336.6 | 186.6 | 225.3 | 218.8 |
EBIT margin | 18.9% | 25.9% | 36.8% | 29.2% | 22.2% | 14.6% | 13.2% | 14.0% |
Pre-tax income | 252.0 | 412.1 | 642.2 | 346.7 | 292.1 | 134.9 | 113.8 | 104.5 |
Income taxes | 8.6 | 71.8 | 133.5 | 86.9 | 117.4 | 55.6 | 61.7 | 34.0 |
Tax rate | 3.4% | 17.4% | 20.8% | 25.1% | 40.2% | 41.2% | 54.2% | 32.5% |
Earnings from continuing ops | 264.8 | 389.7 | 160.9 | 263.3 | 170.6 | 59.6 | 27.6 | 48.0 |
Earnings from discontinued ops | -24.3 | -54.5 | 342.4 | 522.0 | 125.9 | 69.0 | -17.7 | -16.0 |
Net income | 240.5 | 335.2 | 503.3 | 785.3 | 296.5 | 128.6 | 9.9 | 32.0 |
Net margin | 16.5% | 21.0% | 29.6% | 59.1% | 19.5% | 10.0% | 0.6% | 2.0% |
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Diluted EPS | $1.50 | $2.24 | $0.92 | $1.48 | $0.97 | $0.37 | $0.20 | $0.31 |
Shares outstanding (diluted) | 176.2 | 174.0 | 175.2 | 178.1 | 176.5 | 160.9 | 137.3 | 154.7 |
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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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