Financial Summary (All financials)
In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 |
Revenues | 12,530.0 | 9,035.0 | 7,889.0 | 7,739.0 | 7,003.4 | 11,740.3 | 9,217.7 | 9,048.7 |
Revenue growth | 38.7% | 14.5% | 1.9% | 10.5% | -40.3% | 27.4% | 1.9% | -7.2% |
Cost of goods sold | 7,128.0 | 4,634.0 | 4,768.0 | 1,366.0 | 1,136.2 | 1,282.8 | 1,262.1 | 777.0 |
Gross profit | 5,402.0 | 4,401.0 | 3,121.0 | 6,373.0 | 5,867.2 | 10,457.5 | 7,955.6 | 8,271.7 |
Gross margin | 43.1% | 48.7% | 39.6% | 82.3% | 83.8% | 89.1% | 86.3% | 91.4% |
General and administrative | 560.0 | 547.0 | 473.0 | 375.0 | 330.3 | 297.9 | 278.7 | 238.4 |
EBIT | 3,526.0 | 2,779.0 | 1,781.0 | 1,596.0 | 1,704.8 | 1,712.3 | 1,115.1 | 1,217.6 |
EBIT margin | 28.1% | 30.8% | 22.6% | 20.6% | 24.3% | 14.6% | 12.1% | 13.5% |
Pre-tax income | 3,485.0 | 2,109.0 | 1,112.0 | 1,126.0 | 1,339.5 | 1,317.2 | 423.4 | 1,018.8 |
Income taxes | 164.0 | 39.0 | 45.0 | 34.0 | 55.7 | -20.4 | -71.0 | -29.0 |
Tax rate | 4.7% | 1.8% | 4.0% | 3.0% | 4.2% | | | |
Earnings from continuing ops | 1,565.0 | -238.0 | -118.0 | 196.0 | 1,283.8 | 2,657.4 | 444.5 | 2.1 |
Earnings from discontinued ops | | 160.0 | 201.0 | 235.0 | | -1.3 | 152.8 | 1,004.1 |
Net income | 1,565.0 | -78.0 | 83.0 | 431.0 | 1,283.8 | 2,656.1 | 597.3 | 2.2 |
Net margin | 12.5% | -0.9% | 1.1% | 5.6% | 18.3% | 22.6% | 6.5% | 0.0% |
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Diluted EPS | $3.76 | ($0.68) | ($0.36) | $0.64 | $1.18 | $3,910,015.93 | $444.50 | $2.11 |
Shares outstanding (diluted) | 416.0 | 351.0 | 326.0 | 307.9 | 1,088.0 | 0.0 | 1.0 | 1.0 |
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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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