Financial Summary (All financials)
In millions, except per share items | Dec-31-07 | May-14-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 |
Revenues | 2,027.9 | 1,099.4 | 2,883.7 | 2,544.4 | 2,365.3 | 1,995.0 |
Revenue growth | -29.7% | | 13.3% | 7.6% | 18.6% | |
Cost of goods sold | -1,781.6 | -1,030.2 | -2,508.9 | -2,278.9 | -2,190.7 | 751.6 |
Gross profit | 3,809.5 | 2,129.6 | 5,392.6 | 4,823.2 | 4,556.0 | 1,243.5 |
Gross margin | 187.9% | 193.7% | 187.0% | 189.6% | 192.6% | 62.3% |
Sales and marketing | 874.9 | 470.1 | 1,243.5 | 1,187.8 | 1,133.8 | 1,010.6 |
General and administrative | 823.9 | 486.1 | 1,143.3 | 978.4 | 927.9 | 735.0 |
EBIT | 451.0 | 162.6 | 578.4 | 541.0 | 484.0 | 318.6 |
EBIT margin | 22.2% | 14.8% | 20.1% | 21.3% | 20.5% | 16.0% |
Pre-tax income | 262.5 | 102.0 | 419.9 | 353.6 | 309.8 | 138.0 |
Income taxes | 25.3 | 52.2 | 190.4 | 173.4 | 141.8 | 74.8 |
Tax rate | 9.6% | 51.2% | 45.3% | 49.0% | 45.8% | 54.2% |
Earnings from continuing ops | 237.2 | 49.8 | 229.5 | 180.2 | 168.0 | 63.2 |
Earnings from discontinued ops | -52.5 | -12.5 | -22.3 | -20.6 | | |
Net income | 184.7 | 37.3 | 207.2 | 159.6 | 168.0 | 63.2 |
Net margin | 9.1% | 3.4% | 7.2% | 6.3% | 7.1% | 3.2% |
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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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