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 | Dec-31-01 |
Revenues | 13,532.9 | 9,658.1 | 9,607.5 | 8,605.0 | 5,948.1 | 4,255.8 | 3,242.2 | 3,556.4 |
Revenue growth | 40.1% | 0.5% | 11.6% | 44.7% | 39.8% | 31.3% | -8.8% | 15.2% |
Cost of goods sold | 285.8 | 191.7 | 203.0 | 185.8 | 191.9 | 3,768.2 | 2,827.1 | 3,223.5 |
Gross profit | 13,247.1 | 9,466.4 | 9,404.5 | 8,419.3 | 5,756.2 | 487.7 | 415.0 | 332.9 |
Gross margin | 97.9% | 98.0% | 97.9% | 97.8% | 96.8% | 11.5% | 12.8% | 9.4% |
Selling, general and administrative | | | | | | 198.5 | 158.8 | 135.3 |
General and administrative | 41.4 | 33.7 | 31.3 | 33.1 | 28.0 | | | |
EBIT | 336.1 | 299.7 | 259.1 | 239.5 | 205.5 | 175.6 | 158.3 | 134.4 |
EBIT margin | 2.5% | 3.1% | 2.7% | 2.8% | 3.5% | 4.1% | 4.9% | 3.8% |
Pre-tax income | 198.2 | 279.7 | 183.3 | 159.4 | 138.5 | 121.8 | 117.9 | 109.9 |
Income taxes | 4.6 | 0.6 | 0.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.8 |
Tax rate | 2.3% | 0.2% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.7% |
Earnings from continuing ops | 193.6 | 279.2 | 182.7 | 159.4 | 138.5 | 121.8 | 117.9 | 109.1 |
Earnings from discontinued ops | | | 19.4 | 3.2 | 2.7 | | | |
Net income | 193.6 | 279.2 | 202.1 | 162.6 | 138.5 | 121.8 | 117.9 | 109.1 |
Net margin | 1.4% | 2.9% | 2.1% | 1.9% | 2.3% | 2.9% | 3.6% | 3.1% |
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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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