Financial Summary (All financials)
In millions, except per share items | Dec-31-12 | Dec-31-11 | Dec-31-10 | Jun-30-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 |
Revenues | 14,113.4 | 12,186.7 | 11,587.9 | | 13,903.5 | 11,734.2 | 9,694.2 | 7,733.8 |
Revenue growth | 15.8% | 5.2% | -16.7% | | 18.5% | 21.0% | 25.3% | 17.0% |
Cost of goods sold | 266.8 | 283.5 | 252.1 | | 240.8 | 195.6 | 93.8 | 0.0 |
Gross profit | 13,846.6 | 11,903.1 | 11,335.9 | | 13,662.7 | 11,538.6 | 9,600.4 | 7,733.8 |
Gross margin | 98.1% | 97.7% | 97.8% | | 98.3% | 98.3% | 99.0% | 100.0% |
Selling, general and administrative | 2,080.2 | 2,016.0 | 1,961.9 | | 2,151.8 | 1,940.8 | 1,646.9 | 1,339.5 |
EBITA | 833.8 | 932.5 | 753.4 | | 573.0 | 585.5 | 901.3 | 841.0 |
EBITA margin | 5.9% | 7.7% | 6.5% | | 4.1% | 5.0% | 9.3% | 10.9% |
Amortization of intangibles | 74.1 | 64.4 | 64.1 | | 71.0 | | | |
EBIT | 759.7 | 868.1 | 689.3 | | 502.0 | 585.5 | 901.3 | 841.0 |
EBIT margin | 5.4% | 7.1% | 5.9% | | 3.6% | 5.0% | 9.3% | 10.9% |
Pre-tax income | 784.5 | 858.1 | 686.5 | | 504.6 | 571.9 | 963.2 | 896.3 |
Income taxes | 297.5 | 315.0 | 247.9 | | 189.2 | 209.9 | 357.8 | 336.3 |
Tax rate | 37.9% | 36.7% | 36.1% | | 37.5% | 36.7% | 37.1% | 37.5% |
Earnings from continuing ops | 481.5 | 535.1 | 432.0 | | 315.3 | 362.0 | 605.4 | 560.0 |
Earnings from discontinued ops | | | | | -73.0 | 19.9 | 20.7 | |
Net income | 481.5 | 535.1 | 432.0 | | 242.3 | 381.9 | 626.1 | 560.0 |
Net margin | 3.4% | 4.4% | 3.7% | | 1.7% | 3.3% | 6.5% | 7.2% |
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Diluted EPS | $3.52 | $3.67 | $2.94 | | $2.14 | $2.41 | $3.85 | $3.47 |
Shares outstanding (diluted) | 136.8 | 145.9 | 146.8 | | 147.4 | 150.2 | 157.4 | 161.4 |
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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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