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 | 472.7 | 473.4 | 477.6 | 465.7 | 431.7 | 384.1 | 350.8 |
Revenue growth | -0.2% | -0.9% | 2.6% | 7.9% | 12.4% | 9.5% | |
Cost of goods sold | 1.5 | 0.0 | 0.0 | 333.5 | 316.1 | 333.9 | 296.8 |
Gross profit | 471.2 | 473.4 | 477.6 | 132.2 | 115.6 | 50.2 | 54.0 |
Gross margin | 99.7% | 100.0% | 100.0% | 28.4% | 26.8% | 13.1% | 15.4% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 333.5 | 316.1 | 333.9 | 0.0 |
EBIT | 471.2 | 473.4 | 477.6 | 132.2 | 115.6 | 50.2 | 54.0 |
EBIT margin | 99.7% | 100.0% | 100.0% | 28.4% | 26.8% | 13.1% | 15.4% |
Pre-tax income | 197.1 | 169.2 | 159.2 | 132.2 | 115.6 | 50.2 | 54.0 |
Income taxes | 62.7 | 51.3 | 48.8 | 39.7 | 32.8 | 11.7 | 14.3 |
Tax rate | 31.8% | 30.3% | 30.7% | 30.1% | 28.4% | 23.4% | 26.5% |
Net income | 134.4 | 117.9 | 110.4 | 92.5 | 82.8 | 38.4 | 39.7 |
Net margin | 28.4% | 24.9% | 23.1% | 19.9% | 19.2% | 10.0% | 11.3% |
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Diluted EPS | $3.02 | $2.65 | $2.49 | $2.09 | $1.89 | $0.89 | $0.92 |
Shares outstanding (diluted) | 44.6 | 44.4 | 44.3 | 44.3 | 43.9 | 43.4 | 43.1 |
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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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