Financial Summary (All financials)
In millions, except per share items | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 |
Revenues | 4,100.5 | 3,991.8 | 3,875.8 | 3,663.9 | 3,655.0 | 3,838.6 | 3,602.2 | 1,947.6 |
Revenue growth | 2.7% | 3.0% | 5.8% | 0.2% | -4.8% | 6.6% | 85.0% | -2.6% |
Cost of goods sold | 1,629.2 | 1,605.6 | 1,575.0 | 1,528.7 | 1,544.7 | 1,652.2 | 1,572.8 | 808.3 |
Gross profit | 2,471.3 | 2,386.2 | 2,300.8 | 2,135.2 | 2,110.3 | 2,186.4 | 2,029.4 | 1,139.3 |
Gross margin | 60.3% | 59.8% | 59.4% | 58.3% | 57.7% | 57.0% | 56.3% | 58.5% |
Selling, general and administrative | 817.8 | 796.0 | 790.6 | 786.3 | 804.1 | 906.0 | 906.9 | 483.0 |
EBITA | 701.8 | 685.6 | 546.5 | 434.3 | 420.0 | 358.1 | 323.4 | 747.0 |
EBITA margin | 17.1% | 17.2% | 14.1% | 11.9% | 11.5% | 9.3% | 9.0% | 38.4% |
Amortization of intangibles | | 118.4 | 147.6 | 243.1 | 282.6 | 301.0 | 246.6 | 109.5 |
EBIT | 701.8 | 567.2 | 398.9 | 191.2 | 137.4 | 57.1 | 76.8 | 637.5 |
EBIT margin | 17.1% | 14.2% | 10.3% | 5.2% | 3.8% | 1.5% | 2.1% | 32.7% |
Pre-tax income | 261.4 | 93.1 | -293.3 | -352.8 | -834.2 | -450.3 | -497.4 | -222.9 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | -6.8 | 2.5 | 11.8 | 18.8 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | | | |
Earnings from continuing ops | 2,852.6 | 77.1 | -169.2 | -350.3 | -827.4 | -452.8 | -509.2 | -241.7 |
Earnings from discontinued ops | | -1.2 | 27.8 | -7.5 | | | 7.9 | |
Net income | 2,852.6 | 75.9 | -141.4 | -357.8 | -920.0 | -463.5 | -533.9 | 421.0 |
Net margin | 69.6% | 1.9% | -3.6% | -9.8% | -25.2% | -12.1% | -14.8% | 21.6% |
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Diluted EPS | $8.62 | $0.24 | ($0.52) | ($1.07) | ($2.52) | ($1.39) | ($1.74) | ($1.13) |
Shares outstanding (diluted) | 330.8 | 316.1 | 327.1 | 328.8 | 328.0 | 325.9 | 292.9 | 213.8 |
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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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