Financial Summary (All financials)
In millions, except per share items | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 |
Revenues | 2,589.5 | 2,096.2 | 1,959.5 | 1,666.5 | 1,323.6 | 866.3 | 866.3 | 625.7 |
Revenue growth | 23.5% | 7.0% | 17.6% | 25.9% | 52.8% | 0.0% | 38.5% | 201.4% |
Cost of goods sold | 2,194.9 | 1,771.2 | 1,624.1 | 1,297.2 | 1,043.0 | 714.9 | 714.9 | 530.8 |
Gross profit | 394.6 | 325.1 | 335.4 | 369.3 | 280.6 | 151.5 | 151.5 | 94.9 |
Gross margin | 15.2% | 15.5% | 17.1% | 22.2% | 21.2% | 17.5% | 17.5% | 15.2% |
Selling, general and administrative | 191.9 | 124.8 | 152.9 | 120.6 | 90.1 | 39.0 | 39.0 | 21.1 |
Research and development | 77.9 | 67.5 | 50.9 | 41.0 | 28.0 | 15.8 | 15.8 | 6.1 |
EBITA | 141.4 | 101.6 | 101.3 | 159.9 | 129.5 | 96.8 | 96.8 | 68.8 |
EBITA margin | 5.5% | 4.8% | 5.2% | 9.6% | 9.8% | 11.2% | 11.2% | 11.0% |
Amortization of intangibles | 21.8 | 28.5 | 28.7 | 13.4 | 0.7 | | | |
EBIT | 119.6 | 73.1 | 72.5 | 146.5 | 128.8 | 96.8 | 96.8 | 68.8 |
EBIT margin | 4.6% | 3.5% | 3.7% | 8.8% | 9.7% | 11.2% | 11.2% | 11.0% |
Pre-tax income | 124.9 | 85.6 | 99.4 | 169.8 | 139.9 | 97.6 | 97.6 | 66.6 |
Income taxes | -11.8 | -9.2 | -2.2 | -14.3 | 11.1 | 6.7 | 6.7 | 2.3 |
Tax rate | | | | | 7.9% | 6.9% | 6.9% | 3.5% |
Net income | 224.8 | 160.4 | 191.8 | 304.9 | 134.4 | 94.8 | 94.8 | 66.5 |
Net margin | 8.7% | 7.7% | 9.8% | 18.3% | 10.2% | 10.9% | 10.9% | 10.6% |
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Diluted EPS | $5.89 | $4.26 | $4.85 | $7.96 | $3.97 | $3.21 | $3.21 | $3.04 |
Shares outstanding (diluted) | 38.2 | 37.7 | 39.6 | 38.3 | 33.8 | 29.5 | 29.5 | 21.9 |
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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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