Financial Summary (All financials)
In millions, except per share items | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 |
Revenues | 5,389.1 | 4,683.4 | 4,159.3 | 3,648.6 | 3,069.1 | 2,746.3 | 2,401.4 | 2,126.1 |
Revenue growth | 15.1% | 12.6% | 14.0% | 18.9% | 11.8% | 14.4% | 12.9% | 3.1% |
Cost of goods sold | 2,535.3 | 2,211.1 | 1,863.2 | 1,615.2 | 1,322.4 | 1,186.7 | 1,001.9 | 904.3 |
Gross profit | 2,853.8 | 2,472.3 | 2,296.1 | 2,033.4 | 1,746.7 | 1,559.6 | 1,404.4 | 1,221.8 |
Gross margin | 53.0% | 52.8% | 55.2% | 55.7% | 56.9% | 56.8% | 58.5% | 57.5% |
Selling, general and administrative | 1,878.0 | 1,605.8 | 1,479.6 | 1,313.2 | 1,097.3 | 974.6 | 891.0 | 758.6 |
EBIT | 975.8 | 866.5 | 816.6 | 720.2 | 649.4 | 585.1 | 513.4 | 463.2 |
EBIT margin | 18.1% | 18.5% | 19.6% | 19.7% | 21.2% | 21.3% | 21.4% | 21.8% |
Pre-tax income | 932.2 | 769.0 | 754.7 | 720.5 | 651.5 | 583.4 | 527.4 | 479.3 |
Income taxes | 300.2 | 239.7 | 237.4 | 227.5 | 205.6 | 181.9 | 164.4 | 150.4 |
Tax rate | 32.2% | 31.2% | 31.5% | 31.6% | 31.6% | 31.2% | 31.2% | 31.4% |
Net income | 632.0 | 529.4 | 517.3 | 493.0 | 445.9 | 401.5 | 363.0 | 328.9 |
Net margin | 11.7% | 11.3% | 12.4% | 13.5% | 14.5% | 14.6% | 15.1% | 15.5% |
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Diluted EPS | $2.28 | $1.90 | $1.83 | $1.75 | $1.98 | $1.78 | $1.61 | $1.45 |
Shares outstanding (diluted) | 277.2 | 278.6 | 282.7 | 281.7 | 225.2 | 225.6 | 225.5 | 226.9 |
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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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