Financial Summary (All financials)
In millions, except per share items | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 | Dec-31-99 |
Revenues | 2,827.2 | 2,779.5 | 2,567.7 | 2,209.9 | 1,486.0 | 956.1 |
Revenue growth | 1.7% | 8.3% | 16.2% | 48.7% | 55.4% | |
Cost of goods sold | 15.7 | 15.7 | 15.1 | 14.6 | 0.0 | 0.0 |
Gross profit | 2,811.6 | 2,763.8 | 2,552.6 | 2,195.2 | 1,486.0 | 956.1 |
Gross margin | 99.4% | 99.4% | 99.4% | 99.3% | 100.0% | 100.0% |
Selling, general and administrative | 17.6 | 17.8 | 18.7 | 18.4 | 17.0 | 15.2 |
EBIT | 2,793.9 | 2,746.1 | 2,533.9 | 2,176.8 | 260.4 | 137.7 |
EBIT margin | 98.8% | 98.8% | 98.7% | 98.5% | 17.5% | 14.4% |
Pre-tax income | 393.0 | 247.9 | 145.1 | 107.7 | 144.7 | 98.5 |
Income taxes | 155.8 | 98.3 | 52.3 | 41.7 | 58.1 | 41.5 |
Tax rate | 39.6% | 39.6% | 36.0% | 38.7% | 40.2% | 42.1% |
Net income | 208.0 | 123.6 | 79.7 | 55.7 | 74.7 | 52.6 |
Net margin | 7.4% | 4.4% | 3.1% | 2.5% | 5.0% | 5.5% |
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Diluted EPS | $3.96 | $2.85 | $2.05 | $1.61 | $2.53 | $1.99 |
Shares outstanding (diluted) | 52.6 | 43.4 | 38.9 | 34.5 | 29.5 | 26.5 |
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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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