Financial Summary (All financials)
In millions, except per share items | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 |
Revenues | 5,579.4 | 4,627.3 | 3,554.0 | 3,238.4 | 2,880.0 | 2,622.3 |
Revenue growth | 20.6% | 30.2% | 9.7% | 12.4% | 9.8% | |
Cost of goods sold | 3,668.8 | 3,272.5 | 2,620.8 | 2,383.3 | 2,142.8 | 1,974.0 |
Gross profit | 1,910.6 | 1,354.8 | 933.2 | 855.1 | 737.2 | 648.3 |
Gross margin | 34.2% | 29.3% | 26.3% | 26.4% | 25.6% | 24.7% |
Selling, general and administrative | 1,230.1 | 1,000.6 | 676.5 | 612.2 | 546.4 | 494.0 |
EBITA | 733.8 | 386.8 | 268.8 | 242.9 | 190.8 | 154.3 |
EBITA margin | 13.2% | 8.4% | 7.6% | 7.5% | 6.6% | 5.9% |
Amortization of intangibles | 53.3 | 32.6 | 12.1 | | | |
EBIT | 680.5 | 354.2 | 256.7 | 242.9 | 190.8 | 154.3 |
EBIT margin | 12.2% | 7.7% | 7.2% | 7.5% | 6.6% | 5.9% |
Pre-tax income | 488.1 | 187.1 | 94.2 | 141.5 | 30.3 | 37.8 |
Income taxes | 116.2 | 25.3 | 17.7 | 44.8 | 13.9 | 15.1 |
Tax rate | 23.8% | 13.5% | 18.8% | 31.7% | 45.9% | 39.9% |
Net income | 389.1 | 166.4 | 78.4 | 50.6 | 16.4 | 22.7 |
Net margin | 7.0% | 3.6% | 2.2% | 1.6% | 0.6% | 0.9% |
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Diluted EPS | $2.92 | $1.75 | $1.26 | $0.87 | $0.31 | $0.51 |
Shares outstanding (diluted) | 127.5 | 92.2 | 60.6 | 57.9 | 53.0 | 44.4 |
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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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