Financial Summary (All financials)
In millions, except per share items | Dec-31-04 | Dec-31-03 | Dec-31-02 |
Revenues | 37,621.6 | 0.0 | 0.0 |
Cost of goods sold | 33,872.1 | 0.0 | 0.0 |
Gross profit | 3,749.5 | 0.0 | 0.0 |
Gross margin | 10.0% | | |
Selling, general and administrative | 3,976.4 | 650.4 | 766.5 |
EBIT | -367.9 | -650.4 | -766.5 |
EBIT margin | -1.0% | | |
Pre-tax income | -2,065.5 | -650.4 | -766.5 |
Income taxes | -71.0 | 0.0 | 0.0 |
Tax rate | 3.4% | 0.0% | 0.0% |
Net income | -1,994.5 | -650.4 | -766.5 |
Net margin | -5.3% | | |
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Diluted EPS | ($1.63) | ($0.54) | ($0.73) |
Shares outstanding (diluted) | 1,227.3 | 1,195.0 | 1,050.4 |
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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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