Financial Summary (All financials)
In millions, except per share items | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 |
Revenues | 5,914.9 | 4,584.4 | 3,566.9 | 2,793.0 | 2,535.5 | 2,496.7 | 1,979.2 | 1,646.2 |
Revenue growth | 29.0% | 28.5% | 27.7% | 10.2% | 1.6% | 26.1% | 20.2% | 0.3% |
Cost of goods sold | 3,390.4 | 2,564.9 | 1,998.5 | 1,596.8 | 1,502.8 | 1,504.8 | 1,233.5 | 852.4 |
Gross profit | 2,524.5 | 2,019.5 | 1,568.4 | 1,196.2 | 1,032.7 | 991.9 | 745.8 | 793.8 |
Gross margin | 42.7% | 44.1% | 44.0% | 42.8% | 40.7% | 39.7% | 37.7% | 48.2% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 546.5 | 401.8 | 320.0 | 263.1 | 232.9 | 215.4 | 173.5 | 162.3 |
Research and development | 401.8 | 295.4 | 296.1 | 197.3 | 170.1 | 144.8 | 131.0 | 125.3 |
General and administrative | 624.8 | 353.1 | 436.1 | 257.1 | 190.5 | 205.7 | 131.5 | 98.7 |
EBITA | 801.9 | 890.5 | 485.4 | 476.5 | 438.9 | 432.1 | 239.4 | 382.5 |
EBITA margin | 13.6% | 19.4% | 13.6% | 17.1% | 17.3% | 17.3% | 12.1% | 23.2% |
Amortization of intangibles | 481.1 | 354.3 | 180.0 | 92.6 | 80.7 | 176.4 | 163.7 | 163.9 |
EBIT | 320.8 | 536.2 | 305.4 | 383.9 | 358.2 | 255.7 | 75.7 | 218.5 |
EBIT margin | 5.4% | 11.7% | 8.6% | 13.7% | 14.1% | 10.2% | 3.8% | 13.3% |
Pre-tax income | 245.1 | 456.0 | 250.6 | 362.6 | 358.3 | 224.2 | -410.9 | 219.9 |
Income taxes | 146.8 | 196.9 | 67.3 | 140.6 | 119.9 | 83.2 | 34.1 | 81.4 |
Tax rate | 59.9% | 43.2% | 26.9% | 38.8% | 33.5% | 37.1% | | 37.0% |
Net income | 99.3 | 257.3 | 182.2 | 222.0 | 238.4 | 141.0 | -445.0 | 138.6 |
Net margin | 1.7% | 5.6% | 5.1% | 7.9% | 9.4% | 5.6% | -22.5% | 8.4% |
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Diluted EPS | $0.77 | $2.03 | $1.47 | $1.91 | $2.03 | $1.21 | ($4.37) | $1.15 |
Shares outstanding (diluted) | 128.4 | 126.5 | 124.2 | 116.4 | 117.7 | 117.0 | 101.8 | 120.0 |
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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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