Financial Summary (All financials)
In millions, except per share items | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 |
Revenues | 4,955 | 4,221 | 3,602 | 0 | 0 | 4,343 | 3,891 |
Revenue growth | 17.4% | 17.2% | | | -100.0% | 11.6% | |
Cost of goods sold | 3,659 | 3,110 | 2,673 | 0 | 0 | 3,200 | 2,901 |
Gross profit | 1,296 | 1,111 | 929 | 0 | 0 | 1,143 | 990 |
Gross margin | 26.2% | 26.3% | 25.8% | | | 26.3% | 25.4% |
Selling, general and administrative | 846 | 794 | 798 | 0 | 0 | 873 | 793 |
EBIT | 457 | 335 | 199 | 0 | 0 | 246 | 200 |
EBIT margin | 9.2% | 7.9% | 5.5% | | | 5.7% | 5.1% |
Pre-tax income | 0 | 0 | 0 | 0 | 0 | 214 | 448 |
Income taxes | 0 | 0 | 0 | 0 | 0 | -72 | 59 |
Tax rate | | | | | | | 13.2% |
Net income | 0 | 0 | 0 | 0 | 0 | 141 | 389 |
Net margin | 0.0% | 0.0% | 0.0% | | | 3.2% | 10.0% |
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Diluted EPS | | | | | | $1.09 | $0.90 |
Shares outstanding (diluted) | | | | | | 129 | 432 |
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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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