Financial Summary (All financials)
In millions, except per share items | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
Revenues | 3,146.6 | 2,901.9 | 1,693.3 | 1,923.5 |
Revenue growth | 8.4% | 71.4% | -12.0% | |
Cost of goods sold | 2,760.0 | 2,358.8 | 1,331.3 | 1,580.6 |
Gross profit | 386.6 | 543.1 | 362.0 | 342.9 |
Gross margin | 12.3% | 18.7% | 21.4% | 17.8% |
Sales and marketing | 162.6 | 118.0 | 82.1 | 59.3 |
Research and development | 38.6 | 40.2 | 29.0 | 15.3 |
General and administrative | 248.8 | 133.1 | 76.9 | 85.8 |
EBITA | -230.3 | 204.6 | 182.2 | 182.5 |
EBITA margin | -7.3% | 7.1% | 10.8% | 9.5% |
Amortization of intangibles | 13.4 | 7.4 | 8.2 | |
EBIT | -243.7 | 197.2 | 174.0 | 182.5 |
EBIT margin | -7.7% | 6.8% | 10.3% | 9.5% |
Pre-tax income | -1,051.1 | 261.7 | 88.2 | 32.3 |
Income taxes | -47.2 | 23.8 | 2.5 | -1.6 |
Tax rate | 4.5% | 9.1% | 2.8% | |
Earnings from continuing ops | -1,004.5 | 236.9 | 85.6 | 29.6 |
Earnings from discontinued ops | -14.1 | | | |
Net income | -1,018.6 | 236.9 | 85.6 | 29.6 |
Net margin | -32.4% | 8.2% | 5.1% | 1.5% |
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Diluted EPS | ($5.57) | $1.30 | $0.50 | $0.18 |
Shares outstanding (diluted) | 180.5 | 181.6 | 172.5 | 160.3 |
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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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