Financial Summary (All financials)
In millions, except per share items | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 |
Revenues | 2,421.2 | 2,321.7 | 2,294.3 | 2,386.5 | 1,683.3 | | 1,201.6 | 1,192.4 |
Revenue growth | 4.3% | 1.2% | -3.9% | 41.8% | | | 0.8% | 1.5% |
Cost of goods sold | 2,061.7 | 2,020.6 | 1,985.9 | 2,026.7 | 1,398.5 | | 953.9 | 930.8 |
Gross profit | 359.5 | 301.1 | 308.4 | 359.8 | 284.8 | | 247.7 | 261.6 |
Gross margin | 14.8% | 13.0% | 13.4% | 15.1% | 16.9% | | 20.6% | 21.9% |
Selling, general and administrative | 195.1 | 197.0 | 203.0 | 202.3 | 153.1 | | 116.5 | 116.9 |
Sales and marketing | | | | | | | | 4.7 |
Research and development | 9.2 | 10.8 | 9.2 | 9.6 | 7.4 | | 5.1 | 4.6 |
EBIT | 152.1 | 94.8 | 87.7 | 117.0 | 107.4 | | 108.2 | 207.6 |
EBIT margin | 6.3% | 4.1% | 3.8% | 4.9% | 6.4% | | 9.0% | 17.4% |
Pre-tax income | -26.1 | -77.6 | -69.3 | -33.4 | -82.7 | | -59.4 | 31.0 |
Income taxes | 23.9 | 20.8 | 22.0 | 28.9 | 14.3 | | 6.6 | 3.0 |
Tax rate | | | | | | | | 9.7% |
Earnings from continuing ops | -49.1 | -97.4 | -90.1 | -60.9 | -95.7 | | -65.6 | 31.3 |
Earnings from discontinued ops | -25.5 | -3.1 | -1.0 | | | | | |
Net income | -74.6 | -100.5 | -91.1 | -60.9 | -95.7 | | -65.6 | 31.3 |
Net margin | -3.1% | -4.3% | -4.0% | -2.6% | -5.7% | | -5.5% | 2.6% |
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Diluted EPS | ($0.24) | ($0.48) | ($0.45) | ($0.31) | ($0.65) | | ($0.57) | |
Shares outstanding (diluted) | 201.8 | 201.1 | 200.0 | 198.9 | 148.3 | | 115.1 | |
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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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