Financial Summary (All financials)
In millions, except per share items | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-03 | Dec-31-02 | Dec-31-01 |
Revenues | 942.9 | 1,300.5 | 874.8 | 659.5 | 199.7 | 142.5 | 158.2 | 0.0 |
Revenue growth | -27.5% | 48.7% | 32.6% | 230.2% | | -9.9% | | |
Cost of goods sold | 18.5 | 15.0 | 8.8 | 5.1 | 2.3 | 6.3 | 10.5 | 0.0 |
Gross profit | 924.4 | 1,285.5 | 866.0 | 654.4 | 197.4 | 136.3 | 147.7 | 0.0 |
Gross margin | 98.0% | 98.8% | 99.0% | 99.2% | 98.8% | 95.6% | 93.4% | |
Selling, general and administrative | | | | | | | | 0.0 |
General and administrative | 80.0 | 60.6 | 42.2 | 33.6 | 36.8 | 8.1 | 7.7 | 0.0 |
EBIT | -581.4 | -70.9 | 268.7 | 227.5 | 69.2 | 51.9 | 39.9 | 0.0 |
EBIT margin | -61.7% | -5.4% | 30.7% | 34.5% | 34.6% | 36.4% | 25.2% | |
Pre-tax income | -543.8 | -436.7 | 221.3 | 188.8 | 61.8 | 45.7 | 30.0 | 0.0 |
Income taxes | -224.4 | -48.2 | 77.3 | 67.3 | 21.3 | -9.4 | 0.0 | 0.0 |
Tax rate | 41.3% | 11.0% | 34.9% | 35.7% | 34.5% | | 0.0% | |
Net income | -319.4 | -388.7 | 143.9 | 121.5 | 40.5 | 38.2 | 30.0 | 0.0 |
Net margin | -33.9% | -29.9% | 16.5% | 18.4% | 20.3% | 26.8% | 19.0% | |
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Diluted EPS | ($3.34) | ($4.44) | $1.67 | $1.58 | $1.20 | $1.29 | $1.01 | |
Shares outstanding (diluted) | 95.6 | 87.5 | 86.1 | 76.8 | 33.8 | 29.7 | 29.7 | |
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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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