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 |
Revenues | 8,218.6 | 10,770.8 | 8,764.3 | 7,333.6 | 5,579.0 | 4,419.0 | 3,594.8 |
Revenue growth | -23.7% | 22.9% | 19.5% | 31.4% | 26.2% | 22.9% | |
Cost of goods sold | 5,968.5 | 7,341.9 | 5,908.7 | 4,989.3 | 3,893.9 | 3,067.1 | 2,518.9 |
Gross profit | 2,250.1 | 3,428.9 | 2,855.7 | 2,344.3 | 1,685.1 | 1,351.9 | 1,075.9 |
Gross margin | 27.4% | 31.8% | 32.6% | 32.0% | 30.2% | 30.6% | 29.9% |
Selling, general and administrative | 1,651.0 | 1,786.5 | 1,485.9 | 1,264.2 | | | |
Sales and marketing | | | | | 786.7 | 685.3 | 586.2 |
General and administrative | | | | | 227.9 | 227.9 | 161.0 |
EBIT | 599.1 | 1,642.4 | 1,369.8 | 1,080.1 | 670.6 | 438.8 | 328.7 |
EBIT margin | 7.3% | 15.2% | 15.6% | 14.7% | 12.0% | 9.9% | 9.1% |
Pre-tax income | 451.3 | 1,556.0 | 1,303.9 | 1,020.1 | 627.8 | 401.3 | 289.8 |
Income taxes | 139.1 | 505.9 | 408.5 | 326.7 | 202.7 | 129.7 | 93.3 |
Tax rate | 30.8% | 32.5% | 31.3% | 32.0% | 32.3% | 32.3% | 32.2% |
Net income | 148.5 | 767.3 | 647.1 | 502.0 | 302.3 | 182.5 | 123.5 |
Net margin | 1.8% | 7.1% | 7.4% | 6.8% | 5.4% | 4.1% | 3.4% |
|
Diluted EPS | $0.66 | $3.68 | $3.20 | $2.49 | $1.48 | $0.89 | $0.61 |
Shares outstanding (diluted) | 223.3 | 208.7 | 201.9 | 202.0 | 204.5 | 205.1 | 201.8 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|