Financial Summary (All financials)
In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 |
Revenues | 2,616.9 | 2,815.7 | 2,524.9 | 1,716.2 | 1,460.8 | 1,260.5 | 1,085.6 | 909.7 |
Revenue growth | -7.1% | 11.5% | 47.1% | 17.5% | 15.9% | 16.1% | 19.3% | 10.9% |
Cost of goods sold | 1,039.5 | 1,135.7 | 948.1 | 504.8 | 754.6 | 267.2 | 217.4 | 208.9 |
Gross profit | 1,577.4 | 1,680.1 | 1,576.8 | 1,211.5 | 706.2 | 993.3 | 868.2 | 700.8 |
Gross margin | 60.3% | 59.7% | 62.5% | 70.6% | 48.3% | 78.8% | 80.0% | 77.0% |
Selling, general and administrative | 849.3 | 864.3 | 783.9 | 547.6 | 534.5 | 488.1 | 411.9 | 346.3 |
Research and development | 142.5 | 219.1 | 179.8 | 144.5 | 185.3 | 110.2 | 138.3 | 86.6 |
EBITA | 292.5 | 500.5 | 798.1 | 603.3 | 428.9 | 395.0 | 317.2 | 236.6 |
EBITA margin | 11.2% | 17.8% | 31.6% | 35.2% | 29.4% | 31.3% | 29.2% | 26.0% |
Amortization of intangibles | 185.3 | 220.3 | 185.0 | 84.0 | 62.9 | | | |
EBIT | 107.1 | 280.2 | 613.1 | 519.3 | 365.9 | 395.0 | 317.2 | 236.6 |
EBIT margin | 4.1% | 9.9% | 24.3% | 30.3% | 25.1% | 31.3% | 29.2% | 26.0% |
Pre-tax income | -559.6 | -730.4 | 306.4 | 420.7 | 359.7 | 391.8 | 353.3 | 233.7 |
Income taxes | -24.1 | -36.4 | 112.1 | 133.7 | 93.3 | 136.5 | 125.8 | 95.9 |
Tax rate | 4.3% | 5.0% | 36.6% | 31.8% | 25.9% | 34.8% | 35.6% | 41.0% |
Earnings from continuing ops | -588.4 | -1,440.3 | 139.9 | 259.0 | 266.3 | 255.3 | 227.4 | 137.8 |
Earnings from discontinued ops | -96.9 | 6.0 | 47.7 | | | | | |
Net income | -685.3 | -1,434.3 | 187.6 | 259.0 | 266.3 | 255.3 | 227.4 | 137.8 |
Net margin | -26.2% | -50.9% | 7.4% | 15.1% | 18.2% | 20.3% | 21.0% | 15.2% |
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Diluted EPS | ($5.19) | ($12.45) | $1.15 | $2.20 | $2.27 | $2.06 | $1.69 | $1.03 |
Shares outstanding (diluted) | 113.3 | 115.7 | 121.2 | 118.0 | 117.5 | 123.7 | 134.5 | 133.9 |
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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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