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 |
Revenues | 226.4 | 304.4 | 428.8 | 574.5 | 552.3 | 431.8 | 400.6 |
Revenue growth | -25.6% | -29.0% | -25.4% | 4.0% | 27.9% | 7.8% | |
Cost of goods sold | 0.0 | 38.8 | 35.9 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 226.4 | 265.6 | 392.9 | 574.5 | 552.3 | 431.8 | 400.6 |
Gross margin | 100.0% | 87.2% | 91.6% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 38.7 | 69.0 | 57.8 | 33.7 | 35.0 | 33.0 | 29.6 |
EBITA | 148.4 | -625.4 | -486.7 | 507.2 | 487.4 | 375.9 | 350.5 |
EBITA margin | 65.5% | -205.5% | -113.5% | 88.3% | 88.3% | 87.1% | 87.5% |
Amortization of intangibles | 5.2 | 8.8 | 7.8 | 10.9 | 10.4 | 8.3 | 5.7 |
EBIT | 143.2 | -634.2 | -494.5 | 496.3 | 477.0 | 367.6 | 344.9 |
EBIT margin | 63.3% | -208.4% | -115.3% | 86.4% | 86.4% | 85.1% | 86.1% |
Pre-tax income | -237.0 | -112.0 | 77.7 | 225.4 | 213.8 | 145.4 | 140.3 |
Income taxes | -95.2 | -49.9 | 19.1 | 74.3 | 69.2 | 43.0 | 43.2 |
Tax rate | 40.2% | 44.5% | 24.6% | 33.0% | 32.3% | 29.6% | 30.8% |
Net income | -141.8 | -78.4 | 58.0 | 151.1 | 144.6 | 102.3 | 97.1 |
Net margin | -62.6% | -25.7% | 13.5% | 26.3% | 26.2% | 23.7% | 24.2% |
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Diluted EPS | ($1.47) | ($1.08) | $0.89 | $2.24 | $2.20 | $1.63 | $1.56 |
Shares outstanding (diluted) | 96.6 | 72.8 | 65.1 | 67.5 | 65.9 | 63.0 | 62.1 |
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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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