Financial Summary (All financials)
In millions, except per share items | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 |
Revenues | 12,674.0 | 6,377.0 | 3,882.0 | 2,892.0 | 2,614.0 | 2,434.3 | 2,673.9 |
Revenue growth | 98.7% | 64.3% | 34.2% | 10.6% | 7.4% | -9.0% | |
Cost of goods sold | 6,002.0 | 2,497.0 | 1,750.0 | 1,662.0 | 1,676.0 | 1,621.1 | 4,421.6 |
Gross profit | 6,672.0 | 3,880.0 | 2,132.0 | 1,230.0 | 938.0 | 813.2 | -1,747.7 |
Gross margin | 52.6% | 60.8% | 54.9% | 42.5% | 35.9% | 33.4% | -65.4% |
General and administrative | 199.0 | 142.0 | 90.0 | 75.0 | 67.0 | 65.3 | 65.6 |
EBIT | 5,037.0 | 3,239.0 | 1,641.0 | 749.0 | 347.0 | 244.8 | -2,305.8 |
EBIT margin | 39.7% | 50.8% | 42.3% | 25.9% | 13.3% | 10.1% | -86.2% |
Pre-tax income | 4,943.0 | 3,384.0 | 1,607.0 | 803.0 | 240.0 | 22.2 | 0.0 |
Income taxes | 743.0 | 253.0 | 222.0 | 87.0 | 91.0 | 3.0 | -123.0 |
Tax rate | 15.0% | 7.5% | 13.8% | 10.8% | 37.9% | 13.5% | |
Net income | 4,202.0 | 3,131.0 | 1,385.0 | 716.0 | 152.0 | 19.2 | 0.0 |
Net margin | 33.2% | 49.1% | 35.7% | 24.8% | 5.8% | 0.8% | 0.0% |
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Diluted EPS | $13.09 | $14.10 | $6.07 | $3.01 | $0.47 | $0.06 | $0.00 |
Shares outstanding (diluted) | 321.0 | 222.0 | 228.0 | 238.0 | 325.0 | 321.4 | 0.0 |
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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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