Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 2,182.4 | 2,139.5 | 2,101.2 | 1,999.3 | 1,878.8 | 1,714.3 | 1,451.1 | 1,589.6 |
Revenue growth | 2.0% | 1.8% | 5.1% | 6.4% | 9.6% | 18.1% | -8.7% | 1.4% |
Cost of goods sold | 1,863.5 | 1,848.5 | 1,815.1 | 1,710.6 | 1,586.4 | 1,511.3 | 0.0 | 0.0 |
Gross profit | 318.9 | 291.0 | 286.1 | 288.7 | 292.4 | 203.0 | 1,451.1 | 1,589.6 |
Gross margin | 14.6% | 13.6% | 13.6% | 14.4% | 15.6% | 11.8% | 100.0% | 100.0% |
Selling, general and administrative | 19.0 | 16.9 | 16.0 | 15.5 | 14.1 | 21.9 | 0.0 | 0.0 |
EBIT | 298.9 | 284.1 | 302.9 | 305.3 | 330.4 | 123.9 | 0.0 | 0.0 |
EBIT margin | 13.7% | 13.3% | 14.4% | 15.3% | 17.6% | 7.2% | 0.0% | 0.0% |
Pre-tax income | 299.9 | 274.1 | 270.1 | 273.2 | 278.3 | 181.1 | 13.0 | 248.8 |
Income taxes | 45.5 | 53.4 | 64.7 | 77.4 | 84.5 | 52.8 | -9.1 | 81.5 |
Tax rate | 15.2% | 19.5% | 24.0% | 28.3% | 30.4% | 29.2% | | 32.8% |
Net income | 254.4 | 220.7 | 205.4 | 195.8 | 193.8 | 128.3 | 22.1 | 167.3 |
Net margin | 11.7% | 10.3% | 9.8% | 9.8% | 10.3% | 7.5% | 1.5% | 10.5% |
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Diluted EPS | $2.19 | $1.74 | $1.49 | $1.42 | $1.43 | $1.15 | $0.20 | $1.50 |
Shares outstanding (diluted) | 116.3 | 126.6 | 138.0 | 137.5 | 135.6 | 111.6 | 111.6 | 111.6 |
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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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