Financial Summary (All financials)
In millions, except per share items | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 |
Revenues | 2,189.7 | 2,329.5 | 2,192.6 | 1,958.6 | 1,754.8 | 1,569.0 | 1,381.8 | 1,219.4 |
Revenue growth | -6.0% | 6.2% | 11.9% | 11.6% | 11.8% | 13.6% | 13.3% | 3.9% |
Cost of goods sold | 1,006.5 | 1,082.0 | 1,006.1 | 892.1 | 798.2 | 668.1 | 578.7 | 472.3 |
Gross profit | 1,183.2 | 1,247.6 | 1,186.5 | 1,066.5 | 956.6 | 900.9 | 803.1 | 747.2 |
Gross margin | 54.0% | 53.6% | 54.1% | 54.5% | 54.5% | 57.4% | 58.1% | 61.3% |
Selling, general and administrative | 661.5 | 650.2 | 626.9 | 542.5 | 452.3 | 384.0 | 329.3 | 290.2 |
EBIT | 426.2 | 507.7 | 482.0 | 450.2 | 438.7 | 423.4 | 398.7 | 403.0 |
EBIT margin | 19.5% | 21.8% | 22.0% | 23.0% | 25.0% | 27.0% | 28.9% | 33.0% |
Pre-tax income | 260.6 | 316.6 | 239.5 | 448.7 | 454.3 | 414.4 | 324.3 | 378.8 |
Income taxes | 0.0 | 0.0 | 0.0 | 133.2 | 170.2 | -129.2 | -166.0 | -115.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 29.7% | 37.5% | | | |
Earnings from continuing ops | 260.6 | 316.6 | 239.5 | 315.5 | 284.1 | 285.4 | 139.3 | 236.8 |
Earnings from discontinued ops | | | | | | | 2.8 | 29.3 |
Net income | 260.6 | 316.6 | 239.5 | 315.5 | 284.1 | 285.4 | 638.9 | 266.1 |
Net margin | 11.9% | 13.6% | 10.9% | 16.1% | 16.2% | 18.2% | 46.2% | 21.8% |
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Diluted EPS | $1.43 | $1.72 | $1.21 | $1.53 | $1.22 | $1.20 | $0.56 | $0.83 |
Shares outstanding (diluted) | 182.6 | 183.6 | 198.7 | 206.6 | 232.5 | 237.7 | 247.3 | 286.7 |
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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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