Financial Summary (All financials)
In millions, except per share items | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 |
Revenues | 4,597.0 | 4,136.1 | 3,687.8 | 3,753.6 | 5,096.9 | 5,542.6 |
Revenue growth | 11.1% | 12.2% | -1.8% | -26.4% | -8.0% | |
Cost of goods sold | 3,879.0 | 3,465.5 | 3,051.8 | 3,099.8 | 4,433.7 | 4,812.5 |
Gross profit | 718.0 | 670.6 | 636.0 | 653.8 | 663.2 | 730.2 |
Gross margin | 15.6% | 16.2% | 17.2% | 17.4% | 13.0% | 13.2% |
Selling, general and administrative | 419.4 | 394.4 | 349.8 | 342.3 | 343.1 | 464.8 |
EBITA | 336.6 | 317.5 | 329.0 | 330.6 | 362.7 | 279.1 |
EBITA margin | 7.3% | 7.7% | 8.9% | 8.8% | 7.1% | 5.0% |
Amortization of intangibles | 5.5 | 3.7 | 3.4 | 2.9 | 13.5 | 13.7 |
EBIT | 331.2 | 313.8 | 325.6 | 327.7 | 349.2 | 265.4 |
EBIT margin | 7.2% | 7.6% | 8.8% | 8.7% | 6.9% | 4.8% |
Pre-tax income | 305.4 | 294.6 | 305.3 | 237.9 | 305.2 | 245.7 |
Income taxes | 59.1 | 57.4 | 65.9 | 66.5 | 79.7 | 77.4 |
Tax rate | 19.3% | 19.5% | 21.6% | 28.0% | 26.1% | 31.5% |
Earnings from continuing ops | 246.3 | 237.2 | 239.4 | 171.4 | 225.6 | 168.3 |
Earnings from discontinued ops | -8.1 | -1.7 | -2.9 | | | |
Net income | 238.2 | 235.5 | 234.2 | 171.4 | 225.6 | 168.3 |
Net margin | 5.2% | 5.7% | 6.4% | 4.6% | 4.4% | 3.0% |
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Diluted EPS | $2.02 | $1.89 | $1.88 | $1.31 | $1.71 | $1.31 |
Shares outstanding (diluted) | 122.2 | 125.4 | 127.3 | 130.5 | 132.2 | 128.1 |
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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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