Financial Summary (All financials)
| In millions, except per share items | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 |
| Revenues | 18,060 | 22,283 | 22,737 | 23,394 | 28,622 | 28,077 | 27,641 | 26,302 |
| Revenue growth | -19.0% | -2.0% | -2.8% | -18.3% | 1.9% | 1.6% | 5.1% | -9.7% |
| Cost of goods sold | 2,324 | 2,607 | 2,607 | 2,713 | 3,069 | 1,596 | 0 | 0 |
| Gross profit | 15,736 | 19,676 | 20,130 | 20,681 | 25,553 | 26,481 | 27,641 | 26,302 |
| Gross margin | 87.1% | 88.3% | 88.5% | 88.4% | 89.3% | 94.3% | 100.0% | 100.0% |
| Selling, general and administrative | 1,460 | 1,595 | 1,481 | 1,534 | 1,599 | 1,596 | 0 | 0 |
| EBIT | -1,444 | -1,847 | -4,370 | -1,808 | -156 | 7 | 0 | 0 |
| EBIT margin | -8.0% | -8.3% | -19.2% | -7.7% | -0.5% | 0.0% | 0.0% | 0.0% |
| Pre-tax income | 3,222 | -2,830 | -5,011 | -2,067 | -675 | -79 | 318 | -428 |
| Income taxes | 166 | -522 | 130 | 63 | 4,143 | -69 | 0 | 0 |
| Tax rate | 5.2% | 18.4% | | | | 87.3% | 0.0% | 0.0% |
| Earnings from continuing ops | 3,056 | -2,308 | -5,141 | -2,130 | -4,818 | -10 | 318 | -428 |
| Earnings from discontinued ops | -19 | -757 | -326 | | | | | |
| Net income | 3,037 | -3,065 | -5,464 | -2,357 | -4,818 | -10 | 318 | -428 |
| Net margin | 16.8% | -13.8% | -24.0% | -10.1% | -16.8% | 0.0% | 1.2% | -1.6% |
| |
| Diluted EPS | $5.41 | ($4.10) | ($9.15) | ($3.80) | ($8.59) | ($0.02) | $0.57 | ($0.76) |
| Shares outstanding (diluted) | 564 | 562 | 562 | 560 | 561 | 500 | 558 | 563 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|