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 | 3,039.0 | 2,691.2 | 2,989.8 | 2,413.5 | 2,219.9 | 2,204.3 | 1,766.6 | 1,571.4 |
Revenue growth | 12.9% | -10.0% | 23.9% | 8.7% | 0.7% | 24.8% | 12.4% | -3.6% |
Cost of goods sold | 363.7 | 268.3 | 253.7 | 242.8 | 2,045.5 | 2,144.9 | 1,648.9 | 1,534.9 |
Gross profit | 2,675.2 | 2,422.8 | 2,736.1 | 2,170.8 | 174.3 | 59.3 | 117.7 | 36.5 |
Gross margin | 88.0% | 90.0% | 91.5% | 89.9% | 7.9% | 2.7% | 6.7% | 2.3% |
Selling, general and administrative | 113.3 | 97.4 | 77.0 | 75.8 | 57.1 | 72.3 | 62.0 | 44.2 |
EBIT | -354.0 | 22.6 | -60.0 | 179.7 | 111.0 | -20.9 | 46.2 | -114.1 |
EBIT margin | -11.6% | 0.8% | -2.0% | 7.4% | 5.0% | -1.0% | 2.6% | -7.3% |
Pre-tax income | -233.6 | 137.3 | 48.9 | 129.5 | 45.0 | -75.4 | -5.6 | -60.7 |
Income taxes | 67.0 | -32.8 | -1.1 | 35.4 | 3.4 | 26.2 | -19.5 | -28.3 |
Tax rate | | | | 27.3% | 7.6% | | 345.5% | 46.7% |
Net income | -166.6 | 104.4 | 47.8 | 94.1 | 41.0 | -101.6 | 13.9 | -40.2 |
Net margin | -5.5% | 3.9% | 1.6% | 3.9% | 1.8% | -4.6% | 0.8% | -2.6% |
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Diluted EPS | ($1.71) | $1.22 | $0.58 | $1.17 | $0.50 | ($1.33) | $0.18 | ($0.54) |
Shares outstanding (diluted) | 97.5 | 85.6 | 82.9 | 80.7 | 81.4 | 76.4 | 76.5 | 74.6 |
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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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