Financial Summary (All financials)
In millions, except per share items | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 14.6 | 15.2 | 14.6 | 9,674.7 | 9,023.9 | 9,367.6 |
Revenue growth | -4.0% | 4.0% | -99.8% | 7.2% | -3.7% | |
Cost of goods sold | 5.0 | 5.2 | 5.2 | 4,685.3 | 4,979.1 | 4,962.4 |
Gross profit | 9.6 | 10.0 | 9.4 | 4,989.4 | 4,044.8 | 4,405.2 |
Gross margin | 65.5% | 65.7% | 64.4% | 51.6% | 44.8% | 47.0% |
Selling, general and administrative | 0.8 | 0.7 | | | | |
Sales and marketing | | | 0.1 | 82.1 | 123.4 | 138.2 |
General and administrative | | | 0.7 | 974.1 | 874.0 | 958.0 |
EBIT | -7.0 | -7.4 | -6.8 | 3,808.5 | 4,745.0 | 6,149.5 |
EBIT margin | -48.0% | -49.0% | -46.3% | 39.4% | 52.6% | 65.6% |
Pre-tax income | 3.2 | 3.5 | 3.2 | 1,592.9 | 1,039.1 | 1,399.4 |
Income taxes | 0.9 | 1.1 | 1.1 | 541.2 | 377.1 | 479.3 |
Tax rate | 28.3% | 32.4% | 34.4% | 34.0% | 36.3% | 34.3% |
Net income | 2.2 | 1.8 | 1.5 | 0.9 | 0.7 | 920.0 |
Net margin | 15.0% | 11.8% | 10.3% | 0.0% | 0.0% | 9.8% |
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Diluted EPS | $0.94 | $0.77 | $0.65 | $0.39 | $0.29 | $0.40 |
Shares outstanding (diluted) | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2,278.6 |
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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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