Financial Summary (All financials)
In millions, except per share items | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 |
Revenues | 5,409.4 | 5,065.9 | 5,069.6 | 6,521.3 | 5,903.1 | 5,184.6 | 4,730.4 | 4,462.9 |
Revenue growth | 6.8% | -0.1% | -22.3% | 10.5% | 13.9% | 9.6% | 6.0% | 9.9% |
Cost of goods sold | 3,612.5 | 3,380.6 | 3,483.8 | 4,396.7 | 3,970.0 | 3,521.5 | 3,243.8 | 3,119.7 |
Gross profit | 1,796.9 | 1,685.3 | 1,585.8 | 2,124.6 | 1,933.1 | 1,663.1 | 1,486.6 | 1,343.2 |
Gross margin | 33.2% | 33.3% | 31.3% | 32.6% | 32.7% | 32.1% | 31.4% | 30.1% |
Selling, general and administrative | 1,039.3 | 986.1 | 1,011.8 | 1,194.6 | 1,089.0 | 969.0 | 926.8 | 846.6 |
EBITA | 913.3 | 763.2 | 591.9 | 947.1 | 844.1 | 694.1 | 559.8 | 496.6 |
EBITA margin | 16.9% | 15.1% | 11.7% | 14.5% | 14.3% | 13.4% | 11.8% | 11.1% |
Amortization of intangibles | 22.1 | 18.4 | 17.9 | 17.1 | | | | |
EBIT | 891.2 | 744.8 | 574.0 | 930.0 | 844.1 | 694.1 | 559.8 | 496.6 |
EBIT margin | 16.5% | 14.7% | 11.3% | 14.3% | 14.3% | 13.4% | 11.8% | 11.1% |
Pre-tax income | 757.2 | 530.1 | 482.7 | 807.2 | 826.2 | 647.7 | 495.0 | 428.5 |
Income taxes | 119.9 | 86.3 | 69.1 | 191.6 | 133.9 | 163.4 | 103.9 | 88.7 |
Tax rate | 15.8% | 16.3% | 14.3% | 23.7% | 16.2% | 25.2% | 21.0% | 20.7% |
Net income | 827.6 | 443.8 | 439.1 | 632.2 | 692.3 | 464.0 | 163.9 | 339.8 |
Net margin | 15.3% | 8.8% | 8.7% | 9.7% | 11.7% | 8.9% | 3.5% | 7.6% |
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Diluted EPS | $3.86 | $2.64 | $2.46 | $3.51 | $3.73 | $2.58 | $2.08 | $3.58 |
Shares outstanding (diluted) | 164.9 | 168.1 | 168.5 | 175.6 | 185.6 | 187.9 | 188.4 | 94.9 |
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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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