Financial Summary (All financials)
In millions, except per share items | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 |
Revenues | 3,312.6 | 2,263.5 | 1,723.7 | 1,808.2 | 1,870.0 | 1,383.6 |
Revenue growth | 46.3% | 31.3% | -4.7% | -3.3% | 35.2% | |
Cost of goods sold | 1,814.1 | 1,491.6 | 1,304.4 | 1,373.9 | 1,266.2 | 859.1 |
Gross profit | 1,498.5 | 771.9 | 419.3 | 434.3 | 603.8 | 524.5 |
Gross margin | 45.2% | 34.1% | 24.3% | 24.0% | 32.3% | 37.9% |
General and administrative | 84.0 | 60.2 | 56.5 | 47.8 | 58.4 | 26.0 |
EBIT | 1,109.8 | 436.4 | 106.0 | 129.0 | 306.3 | 352.2 |
EBIT margin | 33.5% | 19.3% | 6.1% | 7.1% | 16.4% | 25.5% |
Pre-tax income | 1,117.9 | 486.0 | 98.0 | 129.2 | 287.1 | 322.5 |
Income taxes | 111.5 | 62.9 | 66.6 | -11.7 | -20.3 | 123.7 |
Tax rate | 10.0% | 12.9% | 68.0% | | | 38.4% |
Net income | 1,006.4 | 423.1 | 143.7 | 129.4 | 277.9 | 198.8 |
Net margin | 30.4% | 18.7% | 8.3% | 7.2% | 14.9% | 14.4% |
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Diluted EPS | $4.13 | $1.73 | $0.13 | $0.49 | $1.11 | $1.50 |
Shares outstanding (diluted) | 243.7 | 244.6 | 235.6 | 235.3 | 235.5 | 132.5 |
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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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