Financial Summary (All financials)
In millions, except per share items | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 |
Revenues | 429.4 | 113.7 | 73.3 | 98.6 | 0.0 | 0.0 | 56.9 |
Revenue growth | 277.6% | 55.1% | -25.6% | | | -100.0% | |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | -74.8 | -43.6 | 5.2 |
Gross profit | 429.4 | 113.7 | 73.3 | 98.6 | 74.8 | 43.6 | 51.7 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | | | 90.9% |
Sales and marketing | 6.6 | 7.9 | 6.2 | 4.9 | 4.3 | 4.7 | 3.9 |
Research and development | 65.4 | 63.1 | 51.2 | 45.9 | 46.1 | 44.5 | 26.0 |
General and administrative | 21.0 | 24.2 | 21.6 | 18.2 | 15.2 | 14.9 | 13.4 |
EBIT | 336.4 | 18.6 | -5.7 | 29.5 | 9.2 | -20.5 | 3.2 |
EBIT margin | 78.3% | 16.3% | -7.8% | 30.0% | | | 5.7% |
Pre-tax income | 349.6 | 20.3 | -4.5 | 41.7 | 11.3 | -15.9 | 9.3 |
Income taxes | 124.4 | -34.4 | -4.7 | 7.3 | 8.7 | 3.4 | 3.6 |
Tax rate | 35.6% | | 103.4% | 17.4% | 77.7% | | 38.8% |
Net income | 225.2 | 54.7 | 0.1 | 34.3 | 2.4 | -19.4 | -48.3 |
Net margin | 52.4% | 48.1% | 0.1% | 34.8% | | | -84.9% |
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Diluted EPS | $4.04 | $0.96 | $0.00 | $0.58 | $0.04 | ($363.38) | ($843.04) |
Shares outstanding (diluted) | 55.8 | 57.2 | 59.1 | 59.7 | 56.1 | 0.1 | 0.1 |
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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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