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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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Actuation and Landing Systems | 2,945.3 | 2,491.5 | 2,524.3 | 2,614.9 | 240.1 | 2,083.8 | 1,932.5 | |
Nacelles and Interior Systems | 2,796.7 | 2,339.5 | 2,322.6 | 2,485.6 | 216.9 | 1,983.5 | 1,734.9 | |
Electronic Systems | 2,332.9 | 2,135.9 | 1,838.7 | 1,961.2 | 182.3 | 1,651.8 | 1,535.2 | 1,131.1 |
Other | | | | | 5,753.0 | | | 3,569.3 |
Total revenues | 8,074.9 | 6,966.9 | 6,685.6 | 7,061.7 | 6,392.2 | 5,719.1 | 5,202.6 | 4,700.4 |
Revenue growth [+] | 15.9% | 4.2% | -5.3% | 10.5% | 11.8% | 9.9% | 10.7% | 7.2% |
Actuation and Landing Systems | 18.2% | -1.3% | -3.5% | 989.3% | -88.5% | 7.8% | | |
Nacelles and Interior Systems | 19.5% | 0.7% | -6.6% | 1046.0% | -89.1% | 14.3% | | |
Electronic Systems | 9.2% | 16.2% | -6.2% | 976.0% | -89.0% | 7.6% | 35.7% | 2.4% |
Cost of goods sold | 5,502.8 | 4,843.9 | 4,724.1 | 4,906.2 | 4,483.3 | 5,079.3 | 4,677.5 | 4,303.2 |
Gross profit | 2,572.1 | 2,123.0 | 1,961.5 | 2,155.5 | 1,908.9 | 639.8 | 525.1 | 397.2 |
Gross margin | 31.9% | 30.5% | 29.3% | 30.5% | 29.9% | 11.2% | 10.1% | 8.5% |
Selling, general and administrative | 1,236.3 | 1,124.7 | 1,032.3 | 1,054.6 | 1,027.6 | | | |
Other operating expenses | 1.4 | | | | | | | |
EBITDA [+] | 1,644.5 | 1,278.4 | 1,178.5 | 1,358.1 | 1,131.5 | 873.6 | 745.4 | 618.7 |
EBITDA growth | 28.6% | 8.5% | -13.2% | 20.0% | 29.5% | 17.2% | 20.5% | 20.1% |
EBITDA margin | 20.4% | 18.3% | 17.6% | 19.2% | 17.7% | 15.3% | 14.3% | 13.2% |
Depreciation | 250.5 | 233.7 | 218.5 | 228.8 | 250.2 | 233.8 | 220.3 | 221.5 |
EBITA | 1,394.0 | 1,044.7 | 960.0 | 1,129.3 | 881.3 | 639.8 | 525.1 | 397.2 |
EBITA margin | 17.3% | 15.0% | 14.4% | 16.0% | 13.8% | 11.2% | 10.1% | 8.5% |
Amortization of intangibles | 59.6 | 46.4 | 30.8 | 28.4 | | | | |
EBIT [+] | 1,334.4 | 998.3 | 929.2 | 1,100.9 | 881.3 | 639.8 | 525.1 | 397.2 |
EBIT growth | 33.7% | 7.4% | -15.6% | 24.9% | 37.7% | 21.8% | 32.2% | 34.1% |
EBIT margin | 16.5% | 14.3% | 13.9% | 15.6% | 13.8% | 11.2% | 10.1% | 8.5% |
Non-recurring items | -1.4 | | | | | | | |
Interest expense, net [+] | 137.8 | 136.3 | 119.9 | 106.7 | 115.7 | 121.0 | 125.8 | 139.8 |
Interest expense | 138.7 | 137.5 | 121.0 | 112.4 | 124.9 | 126.0 | 130.9 | 143.2 |
Interest income | 0.9 | 1.2 | 1.1 | 5.7 | 9.2 | 5.0 | 5.1 | 3.4 |
Other income (expense), net | -33.5 | -57.1 | -25.2 | -9.6 | -28.2 | -62.0 | -44.4 | -60.7 |
Pre-tax income | 1,164.5 | 804.9 | 784.1 | 984.6 | 737.4 | 456.8 | 354.9 | 196.7 |
Income taxes | 346.0 | 220.5 | 207.8 | 293.0 | 220.9 | -21.2 | 116.4 | 42.4 |
Tax rate | 29.7% | 27.4% | 26.5% | 29.8% | 30.0% | | 32.8% | 21.6% |
Minority interest | -8.4 | -7.9 | -13.5 | -18.0 | -20.5 | | | |
Earnings from continuing ops | 827.2 | 594.5 | 624.3 | 709.6 | 1,053.5 | 478.0 | 238.5 | 154.3 |
Earnings from discontinued ops | | | | 7.6 | -13.4 | | | |
Net income | 827.2 | 594.5 | 624.3 | 717.2 | 1,040.1 | 482.1 | 263.6 | 172.2 |
Net margin | 10.2% | 8.5% | 9.3% | 10.2% | 16.3% | 8.4% | 5.1% | 3.7% |
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Basic EPS [+] | $6.61 | $4.75 | $5.03 | $5.70 | $3.85 | $3.85 | $1.96 | $1.30 |
Growth | 39.3% | -5.6% | -11.8% | 48.2% | 0.1% | 95.9% | 51.1% | 298.6% |
Diluted EPS [+] | $6.55 | $4.70 | $4.99 | $5.65 | $3.80 | $3.78 | $1.93 | $1.28 |
Growth | 39.4% | -5.7% | -11.8% | 48.9% | 0.5% | 96.0% | 50.4% | 293.1% |
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Dividends per share [+] | $1.16 | $1.10 | $1.02 | | $0.83 | | | |
Growth | 5.5% | 7.8% | | -100.0% | | | | |
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Shares outstanding (basic) [+] | 125.1 | 125.2 | 124.1 | 124.4 | 273.7 | 124.3 | 121.5 | 118.8 |
Growth | -0.1% | 0.9% | -0.2% | -54.6% | 120.3% | 2.3% | 2.3% | 0.5% |
Shares outstanding (diluted) [+] | 126.2 | 126.4 | 125.2 | 125.5 | 277.4 | 126.5 | 123.8 | 120.4 |
Growth | -0.2% | 1.0% | -0.2% | -54.8% | 119.2% | 2.2% | 2.8% | 1.9% |
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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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