Financial Summary (All financials)
In millions, except per share items | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 |
Revenues | 7,587 | 5,618 | 4,311 | 2,968 | 3,419 |
Revenue growth | 35.0% | 30.3% | 45.2% | -13.2% | |
Cost of goods sold | 1,193 | 1,040 | 883 | 821 | 337 |
Gross profit | 6,394 | 4,578 | 3,428 | 2,147 | 3,082 |
Gross margin | 84.3% | 81.5% | 79.5% | 72.3% | 90.1% |
General and administrative | 256 | 215 | 164 | 161 | 149 |
EBIT | 3,615 | 2,144 | 1,378 | 264 | 889 |
EBIT margin | 47.6% | 38.2% | 32.0% | 8.9% | 26.0% |
Pre-tax income | 4,048 | 2,304 | 1,570 | 569 | 907 |
Income taxes | 1,338 | 777 | 310 | 115 | 349 |
Tax rate | 33.1% | 33.7% | 19.7% | 20.2% | 38.5% |
Net income | 2,710 | 1,527 | 1,201 | 454 | 561 |
Net margin | 35.7% | 27.2% | 27.9% | 15.3% | 16.4% |
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Diluted EPS | $7.07 | $3.86 | $3.00 | $1.13 | $2.70 |
Shares outstanding (diluted) | 383 | 396 | 400 | 402 | 207 |
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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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