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 | Dec-31-03 | Dec-31-02 |
Revenues | 1,776.5 | 1,565.1 | 2,136.9 | 1,988.5 | 1,772.9 | 1,304.4 | 1,492.8 | 1,088.0 |
Revenue growth | 13.5% | -26.8% | 7.5% | 12.2% | 35.9% | -12.6% | 37.2% | 24.7% |
Cost of goods sold | 616.0 | 991.9 | 601.8 | 529.8 | 510.0 | 359.7 | 567.8 | 309.2 |
Gross profit | 1,160.5 | 573.1 | 1,535.0 | 1,458.7 | 1,262.9 | 944.7 | 925.0 | 778.9 |
Gross margin | 65.3% | 36.6% | 71.8% | 73.4% | 71.2% | 72.4% | 62.0% | 71.6% |
Selling, general and administrative | 548.6 | 447.4 | 691.0 | 714.0 | 636.5 | 595.4 | 490.6 | 357.4 |
Research and development | 98.7 | 145.2 | 149.4 | 143.6 | 74.0 | 67.9 | 44.1 | 28.2 |
EBIT | 298.8 | -170.9 | 520.2 | 453.6 | 407.0 | 128.7 | 288.6 | 341.9 |
EBIT margin | 16.8% | -10.9% | 24.3% | 22.8% | 23.0% | 9.9% | 19.3% | 31.4% |
Pre-tax income | 150.6 | -216.2 | 238.4 | 424.3 | 178.1 | -58.0 | 163.3 | 248.5 |
Income taxes | 58.6 | 125.9 | 62.9 | 135.7 | 61.5 | -7.4 | 65.9 | 78.0 |
Tax rate | 38.9% | | 26.4% | 32.0% | 34.5% | 12.8% | 40.3% | 31.4% |
Earnings from continuing ops | 92.0 | -342.0 | 175.5 | 288.6 | 116.6 | -50.6 | 97.4 | 170.5 |
Earnings from discontinued ops | | | -0.2 | 0.4 | 1.2 | -63.1 | -3.3 | 7.0 |
Net income | 92.0 | -342.0 | 175.2 | 288.9 | 117.8 | -160.3 | 92.0 | 182.4 |
Net margin | 5.2% | -21.9% | 8.2% | 14.5% | 6.6% | -12.3% | 6.2% | 16.8% |
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Diluted EPS | $0.37 | ($1.40) | $0.72 | $242,505.88 | $0.48 | ($0.21) | $0.40 | $0.69 |
Shares outstanding (diluted) | 248.5 | 244.3 | 243.4 | 0.0 | 240.5 | 242.9 | 242.0 | 246.5 |
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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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