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 | 1,292.3 | 1,225.2 | 1,183.1 | 801.1 | 380.9 | 344.0 | 239.0 | 152.1 |
Revenue growth | 5.5% | 3.6% | 47.7% | 110.3% | 10.7% | 44.0% | 57.1% | 78.4% |
Cost of goods sold | 130.3 | 115.8 | 103.8 | 66.7 | 34.5 | 28.9 | 23.4 | 15.4 |
Gross profit | 1,162.0 | 1,109.4 | 1,079.4 | 734.4 | 346.4 | 315.2 | 215.6 | 136.7 |
Gross margin | 89.9% | 90.5% | 91.2% | 91.7% | 91.0% | 91.6% | 90.2% | 89.9% |
Sales and marketing | 654.1 | 699.3 | 691.7 | 585.8 | 358.0 | 173.0 | 155.2 | 111.7 |
Research and development | 246.8 | 263.8 | 163.5 | 144.5 | 160.0 | 220.2 | 243.8 | 231.3 |
General and administrative | 106.4 | 81.4 | 71.9 | 40.8 | 31.4 | 25.9 | 22.7 | 19.7 |
EBITA | 61.4 | 63.1 | 150.9 | -38.1 | -205.4 | -107.2 | -208.8 | -228.1 |
EBITA margin | 4.8% | 5.2% | 12.8% | -4.8% | -53.9% | -31.2% | -87.4% | -150.0% |
Amortization of intangibles | 7.4 | 0.2 | 0.2 | | | | | |
EBIT | 54.1 | 62.9 | 150.7 | -38.1 | -205.4 | -107.2 | -208.8 | -228.1 |
EBIT margin | 4.2% | 5.1% | 12.7% | -4.8% | -53.9% | -31.2% | -87.4% | -150.0% |
Pre-tax income | 68.4 | 64.6 | 174.8 | -15.7 | -296.9 | -137.9 | -276.5 | -226.2 |
Income taxes | -446.7 | 6.3 | 3.7 | 0.2 | 0.0 | 0.0 | 0.0 | -2.2 |
Tax rate | | 9.7% | 2.1% | | 0.0% | 0.0% | 0.0% | 1.0% |
Net income | 515.1 | 58.3 | 171.2 | -15.9 | -296.9 | 0.0 | -276.5 | -224.0 |
Net margin | 39.9% | 4.8% | 14.5% | -2.0% | -78.0% | 0.0% | -115.7% | -147.3% |
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Diluted EPS | $4.47 | $0.50 | $1.48 | ($0.15) | ($3.23) | $0.00 | ($3.34) | ($2.89) |
Shares outstanding (diluted) | 115.3 | 116.4 | 115.5 | 104.8 | 92.0 | 84.6 | 82.9 | 77.5 |
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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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