Financial Summary (All financials)
| In millions, except per share items | Dec-31-08 | Dec-31-07 |
| Revenues | 6,233.0 | 8,754.0 |
| Revenue growth | -28.8% | |
| Cost of goods sold | 168.0 | 102.0 |
| Gross profit | 6,065.0 | 8,652.0 |
| Gross margin | 97.3% | 98.8% |
| Selling, general and administrative | 1,849.0 | 1,665.0 |
| General and administrative | 917.0 | 960.0 |
| EBIT | -1,865.0 | 1,237.0 |
| EBIT margin | -29.9% | 14.1% |
| Pre-tax income | -2,437.0 | 576.0 |
| Income taxes | -870.0 | 179.0 |
| Tax rate | 35.7% | 31.1% |
| Net income | -1,567.0 | 397.0 |
| Net margin | -25.1% | 4.5% |
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| Diluted EPS | ($0.69) | $0.17 |
| Shares outstanding (diluted) | 2,283.0 | 2,294.0 |
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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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