Financial Summary (All financials)
In millions, except per share items | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 |
Revenues | 2,153.3 | 1,561.4 | 1,056.4 | 1,834.9 | 1,491.3 | 1,084.6 | 720.2 | 293.9 |
Revenue growth | 37.9% | 47.8% | -42.4% | 23.0% | 37.5% | 50.6% | 145.0% | |
Cost of goods sold | 1,358.6 | 1,011.0 | 725.4 | 1,136.5 | 1,020.8 | 0.0 | 0.0 | 0.0 |
Gross profit | 794.7 | 550.4 | 331.0 | 698.4 | 470.4 | 1,084.6 | 720.2 | 293.9 |
Gross margin | 36.9% | 35.2% | 31.3% | 38.1% | 31.5% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | | 175.4 | 181.4 | 198.2 | 179.5 | 144.4 | 108.8 | 44.0 |
General and administrative | 204.6 | | | | | | | |
EBIT | 291.8 | 193.1 | -51.1 | 319.0 | 159.5 | 153.5 | 108.9 | 33.9 |
EBIT margin | 13.5% | 12.4% | -4.8% | 17.4% | 10.7% | 14.1% | 15.1% | 11.5% |
Pre-tax income | 345.6 | 135.7 | -244.8 | -12.4 | 230.7 | 195.5 | 84.4 | 26.5 |
Income taxes | 128.6 | 51.6 | -63.1 | 72.3 | 84.8 | 70.5 | 33.1 | 10.5 |
Tax rate | 37.2% | 38.0% | 25.8% | | 36.8% | 36.1% | 39.2% | 39.7% |
Earnings from continuing ops | 217.1 | 84.2 | -181.7 | -84.7 | 157.9 | -14.1 | -2.9 | -2.6 |
Earnings from discontinued ops | 53.6 | | | | 157.9 | 139.1 | 53.9 | 13.9 |
Net income | 270.7 | 84.2 | -181.7 | -84.7 | 157.9 | 125.0 | 50.9 | 11.3 |
Net margin | 12.6% | 5.4% | -17.2% | -4.6% | 10.6% | 11.5% | 7.1% | 3.8% |
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Diluted EPS | $2.74 | $1.08 | ($2.42) | ($1.15) | $2.15 | ($0.21) | ($0.06) | ($0.09) |
Shares outstanding (diluted) | 79.2 | 77.7 | 75.1 | 73.6 | 73.4 | 68.1 | 50.7 | 30.1 |
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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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