Financial Summary (All financials)
In millions, except per share items | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 |
Revenues | 1,950.8 | 1,850.9 | 1,851.9 | 1,838.2 | 1,731.9 | 1,674.4 | 1,626.0 | 1,507.8 |
Revenue growth | 5.4% | -0.1% | 0.7% | 6.1% | 3.4% | 3.0% | 7.8% | |
Cost of goods sold | 467.0 | 413.0 | 392.7 | 363.4 | 340.7 | 315.7 | 312.3 | 294.8 |
Gross profit | 1,483.8 | 1,437.9 | 1,459.2 | 1,474.9 | 1,391.2 | 1,358.7 | 1,313.7 | 1,213.0 |
Gross margin | 76.1% | 77.7% | 78.8% | 80.2% | 80.3% | 81.1% | 80.8% | 80.4% |
Selling, general and administrative | 529.8 | 526.0 | 518.8 | 513.6 | 470.7 | 447.7 | 443.4 | 425.0 |
EBIT | 864.4 | 856.8 | 878.2 | 912.6 | 596.6 | -392.7 | 833.0 | 752.7 |
EBIT margin | 44.3% | 46.3% | 47.4% | 49.6% | 34.5% | -23.5% | 51.2% | 49.9% |
Pre-tax income | 813.0 | 793.0 | 827.6 | 837.6 | 519.7 | -438.9 | 799.3 | 718.4 |
Income taxes | 292.8 | 291.1 | 293.3 | 299.5 | 197.7 | -171.0 | 307.7 | 276.5 |
Tax rate | 36.0% | 36.7% | 35.4% | 35.8% | 38.0% | 39.0% | 38.5% | 38.5% |
Net income | 520.3 | 505.9 | 534.3 | 530.8 | 318.8 | -271.5 | 491.6 | 441.9 |
Net margin | 26.7% | 27.3% | 28.8% | 28.9% | 18.4% | -16.2% | 30.2% | 29.3% |
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Diluted EPS | $3.27 | $3.09 | $3.23 | $3,229.18 | $1.92 | ($1,587.29) | $2,967.14 | $2,702.57 |
Shares outstanding (diluted) | 159.3 | 162.3 | 165.5 | 0.2 | 167.4 | 0.2 | 0.2 | 0.2 |
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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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