Financial Summary (All financials)
In millions, except per share items | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Feb-28-05 | Dec-31-04 |
Revenues | 3,135.7 | 2,666.0 | 2,188.3 | 1,575.1 | 1,309.0 | 737.4 | 119.4 | 599.4 |
Revenue growth | 17.6% | 21.8% | 38.9% | 20.3% | 77.5% | 23.0% | | 60.8% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 206.9 | 167.1 | 108.2 | 21.9 | 96.3 |
Gross profit | 3,135.7 | 2,666.0 | 2,188.3 | 1,368.2 | 1,141.9 | 629.2 | 97.5 | 503.1 |
Gross margin | 100.0% | 100.0% | 100.0% | 86.9% | 87.2% | 85.3% | 81.6% | 83.9% |
Selling, general and administrative | 324.3 | 279.8 | 246.3 | 186.2 | 156.9 | 101.2 | 21.6 | 93.1 |
EBIT | 281.2 | 190.0 | 152.3 | 146.8 | 133.3 | 58.2 | 5.4 | 33.7 |
EBIT margin | 9.0% | 7.1% | 7.0% | 9.3% | 10.2% | 7.9% | 4.5% | 5.6% |
Pre-tax income | 309.2 | 209.9 | 186.5 | 134.8 | 124.6 | 43.7 | 5.3 | 33.5 |
Income taxes | 115.0 | 76.3 | 67.5 | 48.3 | 43.8 | 17.1 | 2.6 | 9.2 |
Tax rate | 37.2% | 36.4% | 36.2% | 35.8% | 35.1% | 39.2% | 49.3% | 27.4% |
Net income | 194.2 | 133.6 | 119.0 | 86.5 | 78.8 | 26.6 | 2.7 | 24.3 |
Net margin | 6.2% | 5.0% | 5.4% | 5.5% | 6.0% | 3.6% | 2.3% | 4.1% |
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Diluted EPS | $3.39 | $2.41 | $2.12 | $1.51 | $1.44 | $0.82 | | |
Shares outstanding (diluted) | 57.3 | 55.4 | 56.0 | 57.3 | 54.7 | 32.2 | | |
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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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