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-31-04 |
Revenues | 4,895 | 7,424 | 5,583 | 3,936 | 3,932 | 2,944 |
Revenue growth | -34.1% | 33.0% | 41.8% | 0.1% | 33.6% | |
Cost of goods sold | 5,804 | 8,237 | 6,604 | 5,386 | 4,827 | 3,657 |
Gross profit | -909 | -813 | -1,021 | -1,450 | -895 | -713 |
Gross margin | -18.6% | -11.0% | -18.3% | -36.8% | -22.8% | -24.2% |
Sales and marketing | 1,280 | 1,335 | 1,165 | 955 | 893 | 722 |
General and administrative | 497 | 257 | 374 | 555 | 809 | 299 |
EBIT | 1,128 | 3,262 | 2,064 | 1,349 | 1,027 | 1,170 |
EBIT margin | 23.0% | 43.9% | 37.0% | 34.3% | 26.1% | 39.7% |
Pre-tax income | 816 | 3,168 | 1,896 | 1,296 | 930 | 1,027 |
Income taxes | 776 | 859 | 434 | 368 | 339 | 248 |
Tax rate | 95.1% | 27.1% | 22.9% | 28.4% | 36.5% | 24.1% |
Earnings from continuing ops | 556 | 1,711 | 1,104 | 601 | 688 | 710 |
Earnings from discontinued ops | | | | | 452 | 83 |
Net income | 556 | 1,711 | 1,104 | 601 | 1,140 | 793 |
Net margin | 11.4% | 23.0% | 19.8% | 15.3% | 29.0% | 26.9% |
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Diluted EPS | $1.01 | $3.22 | $2.02 | $1.12 | $1.29 | $2.72 |
Shares outstanding (diluted) | 550 | 531 | 547 | 537 | 533 | 261 |
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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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