Financial Summary (All financials)
In millions, except per share items | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 |
Revenues | 4,048.7 | 3,977.3 | 4,127.4 | 3,813.5 | 3,187.0 | 2,734.8 | 2,201.1 | 1,713.9 |
Revenue growth | 1.8% | -3.6% | 8.2% | 19.7% | 16.5% | 24.2% | 28.4% | 28.9% |
Cost of goods sold | 1,191.5 | 1,070.3 | 855.1 | 927.3 | 536.4 | 462.2 | 448.4 | 400.0 |
Gross profit | 2,857.2 | 2,906.9 | 3,272.3 | 2,886.2 | 2,650.6 | 2,272.7 | 1,752.7 | 1,313.9 |
Gross margin | 70.6% | 73.1% | 79.3% | 75.7% | 83.2% | 83.1% | 79.6% | 76.7% |
Selling, general and administrative | 1,553.9 | 1,244.4 | 1,172.7 | 1,187.2 | 1,010.4 | 787.8 | 599.4 | 520.0 |
Research and development | 847.3 | 833.9 | 1,294.4 | 737.7 | 650.0 | 502.7 | 391.8 | 335.3 |
EBITA | 350.5 | 763.1 | 805.4 | 968.7 | 587.5 | 811.8 | 601.3 | 252.6 |
EBITA margin | 8.7% | 19.2% | 19.5% | 25.4% | 18.4% | 29.7% | 27.3% | 14.7% |
Amortization of intangibles | 262.3 | 253.5 | 212.6 | 201.1 | 209.4 | 181.6 | 109.5 | 80.3 |
EBIT | 88.2 | 509.6 | 592.8 | 767.6 | 378.1 | 630.2 | 491.8 | 172.3 |
EBIT margin | 2.2% | 12.8% | 14.4% | 20.1% | 11.9% | 23.0% | 22.3% | 10.1% |
Pre-tax income | 7.3 | 549.7 | 634.7 | 735.7 | -52.7 | 628.9 | 227.7 | 5.1 |
Income taxes | -24.8 | 122.8 | 207.6 | -255.5 | -35.9 | 187.4 | 141.2 | 72.6 |
Tax rate | | 22.3% | 32.7% | | 68.1% | 29.8% | 62.0% | 1437.1% |
Earnings from continuing ops | 32.1 | 853.9 | 854.2 | 480.2 | -16.8 | 441.5 | 86.5 | |
Earnings from discontinued ops | 390.1 | -4.6 | -6.0 | | | | | |
Net income | 422.1 | 849.2 | 848.2 | 480.2 | -16.8 | 441.5 | 86.5 | 0.0 |
Net margin | 10.4% | 21.4% | 20.6% | 12.6% | -0.5% | 16.1% | 3.9% | 0.0% |
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Diluted EPS | $0.12 | $3.12 | $2.99 | $1.71 | ($0.06) | $1.62 | $0.37 | |
Shares outstanding (diluted) | 268.6 | 274.1 | 285.6 | 280.8 | 261.6 | 272.2 | 234.3 | |
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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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