Financial Summary (All financials)
In millions, except per share items | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 | Dec-31-99 |
Revenues | 6,702.9 | 4,707.8 | 3,588.8 | 3,224.9 | 3,332.7 | 3,688.6 | 3,768.5 | 3,262.8 |
Revenue growth | 42.4% | 31.2% | 11.3% | -3.2% | -9.6% | -2.1% | 15.5% | |
Cost of goods sold | 1,210.1 | 1,074.8 | 919.4 | 797.5 | 745.5 | 1,288.9 | 1,103.9 | 1,035.0 |
Gross profit | 5,492.8 | 3,633.0 | 2,669.4 | 2,427.4 | 2,587.2 | 2,399.7 | 2,664.6 | 2,227.8 |
Gross margin | 81.9% | 77.2% | 74.4% | 75.3% | 77.6% | 65.1% | 70.7% | 68.3% |
Selling, general and administrative | 60.7 | 53.6 | 43.8 | 44.4 | 38.4 | 0.0 | 0.0 | 0.0 |
EBITA | 2,824.4 | 1,947.7 | 1,361.0 | 1,091.3 | 1,162.8 | 1,039.6 | 1,245.2 | 1,039.6 |
EBITA margin | 42.1% | 41.4% | 37.9% | 33.8% | 34.9% | 28.2% | 33.0% | 31.9% |
Amortization of intangibles | 45.4 | 31.1 | 27.9 | 23.8 | 25.1 | | | |
EBIT | 2,779.0 | 1,916.6 | 1,333.1 | 1,067.5 | 1,137.6 | 1,039.6 | 1,245.2 | 1,039.6 |
EBIT margin | 41.5% | 40.7% | 37.1% | 33.1% | 34.1% | 28.2% | 33.0% | 31.9% |
Pre-tax income | 1,195.6 | 1,057.7 | 911.8 | 758.4 | 718.6 | 500.6 | 468.1 | 527.9 |
Income taxes | 387.8 | 351.5 | 306.0 | 214.3 | 238.3 | 163.1 | 152.9 | 173.4 |
Tax rate | 32.4% | 33.2% | 33.6% | 28.3% | 33.2% | 32.6% | 32.7% | 32.9% |
Net income | 807.8 | 706.2 | 605.9 | 544.1 | 480.3 | 337.5 | 315.1 | 354.5 |
Net margin | 12.1% | 15.0% | 16.9% | 16.9% | 14.4% | 9.1% | 8.4% | 10.9% |
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Diluted EPS | $3.17 | $2.99 | $2.66 | $2.38 | $2.16 | $1.55 | $1.45 | $1.57 |
Shares outstanding (diluted) | 254.8 | 236.2 | 227.8 | 228.6 | 222.4 | 217.7 | 217.3 | 225.8 |
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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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