Financial Summary (All financials)
In millions, except per share items | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 |
Revenues | 1,805.4 | 1,696.1 | 1,414.7 | 1,004.4 | 715.3 | 471.0 | 283.0 | 113.9 |
Revenue growth | 6.4% | 19.9% | 40.8% | 40.4% | 51.9% | 66.4% | 148.5% | 158.9% |
Cost of goods sold | 1,097.8 | 1,030.8 | 865.0 | 625.0 | 435.3 | 336.8 | 194.4 | 82.0 |
Gross profit | 707.6 | 665.4 | 549.7 | 379.5 | 280.0 | 134.2 | 88.7 | 31.9 |
Gross margin | 39.2% | 39.2% | 38.9% | 37.8% | 39.1% | 28.5% | 31.3% | 28.0% |
Selling, general and administrative | 166.8 | 162.5 | 135.8 | 94.9 | 73.2 | 9.8 | 5.7 | 1.8 |
Research and development | | | | | | | | |
EBIT | 266.6 | 246.1 | 196.5 | 138.3 | 70.7 | 45.5 | 23.6 | 10.2 |
EBIT margin | 14.8% | 14.5% | 13.9% | 13.8% | 9.9% | 9.7% | 8.3% | 9.0% |
Pre-tax income | 195.1 | 170.1 | 122.6 | 98.0 | 43.6 | 26.5 | 8.8 | 4.7 |
Income taxes | 74.9 | 64.5 | 46.2 | 37.0 | 16.8 | 10.1 | 3.7 | -1.0 |
Tax rate | 38.4% | 37.9% | 37.7% | 37.8% | 38.5% | 38.0% | 42.1% | |
Earnings from continuing ops | 120.1 | 105.0 | 76.1 | 61.0 | 26.8 | -0.3 | -0.1 | 5.7 |
Earnings from discontinued ops | 0.0 | | | -0.4 | 0.3 | 0.3 | 0.1 | |
Net income | 117.7 | 105.6 | 76.5 | 60.6 | 27.2 | 0.0 | 0.0 | 5.7 |
Net margin | 6.5% | 6.2% | 5.4% | 6.0% | 3.8% | 0.0% | 0.0% | 5.0% |
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Diluted EPS | $2.14 | $1.87 | $1.37 | $1.13 | $0.58 | ($9.41) | ($4.88) | $0.81 |
Shares outstanding (diluted) | 56.1 | 56.3 | 55.4 | 54.2 | 46.3 | 0.0 | 0.0 | 7.0 |
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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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