Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 2,521.0 | 2,595.1 | 2,365.8 | 2,236.4 | 2,038.5 | 1,962.6 | 1,827.1 | 1,631.5 |
Revenue growth | -2.9% | 9.7% | 5.8% | 9.7% | 3.9% | 7.4% | 12.0% | 16.0% |
Cost of goods sold | 1,745.4 | 1,692.2 | 1,570.2 | 1,467.1 | 1,348.5 | 1,277.1 | 1,142.7 | 1,017.7 |
Gross profit | 775.6 | 903.0 | 795.5 | 769.4 | 690.0 | 685.5 | 684.4 | 613.8 |
Gross margin | 30.8% | 34.8% | 33.6% | 34.4% | 33.8% | 34.9% | 37.5% | 37.6% |
Selling, general and administrative | 351.5 | 360.0 | 358.9 | 343.0 | 307.4 | 270.6 | 250.2 | 233.9 |
EBITA | 272.3 | 223.1 | 136.1 | 181.9 | 167.1 | 219.0 | 257.7 | 219.6 |
EBITA margin | 10.8% | 8.6% | 5.8% | 8.1% | 8.2% | 11.2% | 14.1% | 13.5% |
Amortization of intangibles | | 0.9 | 2.1 | 1.8 | 1.2 | 1.0 | | |
EBIT | 272.3 | 222.2 | 134.0 | 180.1 | 165.9 | 218.0 | 257.7 | 219.6 |
EBIT margin | 10.8% | 8.6% | 5.7% | 8.1% | 8.1% | 11.1% | 14.1% | 13.5% |
Pre-tax income | 235.0 | 227.7 | 104.8 | 165.3 | 43.8 | 237.8 | 274.3 | 246.4 |
Income taxes | 49.2 | 48.5 | 10.1 | 33.6 | -23.7 | 62.9 | 79.4 | 72.9 |
Tax rate | 20.9% | 21.3% | 9.6% | 20.3% | | 26.4% | 28.9% | 29.6% |
Net income | 0.0 | 179.2 | 94.7 | 132.2 | 68.3 | 175.9 | 196.8 | 175.9 |
Net margin | 0.0% | 6.9% | 4.0% | 5.9% | 3.3% | 9.0% | 10.8% | 10.8% |
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Diluted EPS | $0.00 | $3.15 | $1.68 | $2.16 | $1.06 | $2.73 | $3.08 | $2.71 |
Shares outstanding (diluted) | 57.5 | 56.9 | 56.3 | 61.1 | 64.5 | 64.3 | 64.0 | 64.8 |
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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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