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 | 2,370.2 | 2,506.1 | 2,044.0 | 1,869.7 | 1,576.4 | 2,677.1 | 2,603.6 | 1,982.1 |
Revenue growth | -5.4% | 22.6% | 9.3% | 18.6% | -41.1% | 2.8% | 31.4% | 3.3% |
Cost of goods sold | 1,158.0 | 1,274.2 | 1,081.5 | 989.0 | 942.3 | 1,608.1 | 1,699.8 | 1,159.0 |
Gross profit | 1,212.3 | 1,231.9 | 962.5 | 880.6 | 634.1 | 1,069.0 | 903.9 | 823.2 |
Gross margin | 51.1% | 49.2% | 47.1% | 47.1% | 40.2% | 39.9% | 34.7% | 41.5% |
Selling, general and administrative | 343.4 | 354.9 | 295.4 | 279.1 | 256.9 | 406.9 | 381.4 | 255.6 |
Research and development | 692.4 | 690.3 | 576.0 | 563.0 | 508.7 | 672.5 | 655.2 | 413.4 |
EBITA | 295.0 | 306.7 | 207.0 | 180.5 | 33.8 | -552.0 | -2,302.4 | 162.6 |
EBITA margin | 12.4% | 12.2% | 10.1% | 9.7% | 2.1% | -20.6% | -88.4% | 8.2% |
Amortization of intangibles | 118.5 | 120.1 | 115.9 | 151.2 | 165.3 | | | |
EBIT | 176.5 | 186.6 | 91.0 | 29.3 | -131.5 | -552.0 | -2,302.4 | 162.6 |
EBIT margin | 7.4% | 7.4% | 4.5% | 1.6% | -8.3% | -20.6% | -88.4% | 8.2% |
Pre-tax income | 137.8 | 175.3 | 93.8 | 37.6 | -169.6 | -594.6 | -2,475.5 | 185.3 |
Income taxes | 13.1 | -21.0 | 3.8 | 3.2 | -109.3 | 27.7 | 11.3 | 15.7 |
Tax rate | 9.5% | | 4.0% | 8.4% | 64.4% | | | 8.5% |
Net income | 124.7 | 196.2 | 331.5 | 40.0 | -47.7 | -622.3 | -2,486.8 | 169.6 |
Net margin | 5.3% | 7.8% | 16.2% | 2.1% | -3.0% | -23.2% | -95.5% | 8.6% |
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Diluted EPS | $0.22 | $0.34 | $0.15 | $0.05 | ($0.09) | ($0.96) | ($3.87) | $0.42 |
Shares outstanding (diluted) | 567.5 | 580.5 | 600.9 | 646.3 | 651.2 | 648.0 | 641.8 | 405.2 |
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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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