Financial Summary (All financials)
In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 |
Revenues | 2,547.3 | 2,459.7 | 2,299.0 | 2,094.9 | 1,980.3 | 7,608.9 | 8,563.1 | 8,521.0 |
Revenue growth | 3.6% | 7.0% | 9.7% | 5.8% | -74.0% | -11.1% | 0.5% | 23.7% |
Cost of goods sold | 1,065.9 | 1,022.9 | 985.6 | 865.0 | 782.7 | 4,044.8 | 4,564.6 | 4,476.8 |
Gross profit | 1,481.4 | 1,436.8 | 1,313.4 | 1,229.9 | 1,197.6 | 3,564.1 | 3,998.5 | 4,044.2 |
Gross margin | 58.2% | 58.4% | 57.1% | 58.7% | 60.5% | 46.8% | 46.7% | 47.5% |
Selling, general and administrative | 813.8 | 807.3 | | | | 1,997.8 | 2,035.8 | 2,026.6 |
Sales and marketing | | | 358.7 | 307.6 | 275.7 | | | |
General and administrative | | | 430.0 | 416.1 | 384.2 | | | |
EBITA | 667.6 | 629.5 | 452.2 | 508.8 | 556.8 | 1,065.2 | 1,497.9 | 1,512.6 |
EBITA margin | 26.2% | 25.6% | 19.7% | 24.3% | 28.1% | 14.0% | 17.5% | 17.8% |
Amortization of intangibles | | | 27.6 | 34.9 | 36.4 | 52.3 | 48.1 | 43.5 |
EBIT | 667.6 | 629.5 | 424.6 | 473.9 | 520.4 | 1,012.9 | 1,449.8 | 1,469.1 |
EBIT margin | 26.2% | 25.6% | 18.5% | 22.6% | 26.3% | 13.3% | 16.9% | 17.2% |
Pre-tax income | 430.2 | 385.7 | 159.4 | 345.7 | 248.0 | 188.4 | 1,120.2 | 1,179.3 |
Income taxes | 0.0 | 0.0 | 39.8 | 36.2 | 13.3 | 95.6 | 346.3 | 299.3 |
Tax rate | 0.0% | 0.0% | 25.0% | 10.5% | 5.4% | 50.7% | 30.9% | 25.4% |
Earnings from continuing ops | 430.2 | 385.7 | 115.1 | 300.7 | 229.9 | 158.1 | 749.5 | 812.1 |
Earnings from discontinued ops | | | 787.2 | 186.5 | 12.4 | 152.5 | 13.1 | 18.0 |
Net income | 430.2 | 385.7 | 902.3 | 487.2 | 242.3 | 310.6 | 762.6 | 830.1 |
Net margin | 16.9% | 15.7% | 39.2% | 23.3% | 12.2% | 4.1% | 8.9% | 9.7% |
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Diluted EPS | | | $0.73 | $1.95 | $1.51 | $1.03 | $4.79 | $5.31 |
Shares outstanding (diluted) | | | 157.8 | 154.3 | 151.8 | 153.7 | 156.5 | 153.0 |
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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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