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 |
Revenues | 4,316.5 | 4,344.7 | 4,718.6 | 5,309.8 | 4,504.7 | 4,806.7 |
Revenue growth | -0.6% | -7.9% | -11.1% | 17.9% | -6.3% | |
Cost of goods sold | -1,115.7 | -1,168.2 | -1,187.9 | -1,379.3 | 2,641.7 | 1,933.5 |
Gross profit | 5,432.2 | 5,512.9 | 5,906.4 | 6,689.1 | 2,667.5 | 2,873.2 |
Gross margin | 125.8% | 126.9% | 125.2% | 126.0% | 59.2% | 59.8% |
Research and development | 763.6 | 714.1 | 712.3 | 755.4 | 465.8 | 339.8 |
General and administrative | 372.3 | 348.7 | 412.8 | 519.5 | 367.0 | 366.1 |
EBITA | 1,559.0 | 2,036.8 | 2,310.7 | 2,632.2 | 1,579.5 | 1,856.1 |
EBITA margin | 36.1% | 46.9% | 49.0% | 49.6% | 35.1% | 38.6% |
Amortization of intangibles | 184.2 | 218.2 | 190.7 | 281.2 | 246.6 | 151.9 |
EBIT | 1,374.8 | 1,818.6 | 2,120.0 | 2,351.0 | 1,332.9 | 1,704.3 |
EBIT margin | 31.9% | 41.9% | 44.9% | 44.3% | 29.6% | 35.5% |
Pre-tax income | 0.0 | 0.0 | 0.0 | 1,451.5 | 1,610.4 | 1,930.3 |
Income taxes | -288.7 | -322.3 | -545.5 | -609.2 | -300.4 | -428.7 |
Net income | 1,208.2 | 1,587.9 | 1,765.4 | 2,039.1 | 1,288.8 | 1,453.0 |
Net margin | 28.0% | 36.5% | 37.4% | 38.4% | 28.6% | 30.2% |
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Diluted EPS | $2.22 | $2.95 | $3.18 | $3.60 | $2.26 | $2.60 |
Shares outstanding (diluted) | 543.2 | 537.4 | 554.8 | 567.2 | 570.8 | 559.6 |
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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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