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 | 6,417.6 | 6,013.4 | 5,878.5 | 5,896.6 | 6,030.7 | 6,001.1 | 6,205.7 | 6,100.4 |
Revenue growth | 6.7% | 2.3% | -0.3% | -2.2% | 0.5% | -3.3% | 1.7% | -6.0% |
Cost of goods sold | 4,999.1 | 4,592.5 | 4,483.0 | 4,603.6 | 4,694.4 | 4,566.8 | 4,653.7 | 4,592.7 |
Gross profit | 1,418.5 | 1,420.9 | 1,395.4 | 1,293.0 | 1,336.2 | 1,434.2 | 1,552.0 | 1,507.7 |
Gross margin | 22.1% | 23.6% | 23.7% | 21.9% | 22.2% | 23.9% | 25.0% | 24.7% |
Selling, general and administrative | 724.7 | 756.2 | 772.0 | 722.2 | 747.6 | 766.2 | 908.6 | 867.9 |
EBITA | 458.3 | 330.9 | 449.3 | 440.1 | 228.1 | 509.0 | 527.9 | 455.4 |
EBITA margin | 7.1% | 5.5% | 7.6% | 7.5% | 3.8% | 8.5% | 8.5% | 7.5% |
Amortization of intangibles | 31.0 | 33.0 | 39.0 | 37.4 | 38.9 | 39.2 | 90.1 | 82.0 |
EBIT | 427.3 | 297.9 | 410.3 | 402.7 | 189.2 | 469.8 | 437.7 | 373.4 |
EBIT margin | 6.7% | 5.0% | 7.0% | 6.8% | 3.1% | 7.8% | 7.1% | 6.1% |
Pre-tax income | 297.4 | 174.0 | 275.2 | 242.6 | 33.5 | 331.6 | 241.8 | 167.1 |
Income taxes | 113.2 | 89.1 | 103.3 | 99.8 | 19.0 | 96.9 | 97.3 | 65.1 |
Tax rate | 38.1% | 51.2% | 37.5% | 41.1% | 56.8% | 29.2% | 40.2% | 39.0% |
Earnings from continuing ops | 368.4 | 169.8 | 171.9 | 354.3 | 14.5 | 469.4 | 148.6 | 102.0 |
Earnings from discontinued ops | -39.7 | -128.3 | 22.9 | -124.6 | -120.6 | -22.8 | -4.1 | 99.6 |
Net income | 328.7 | 41.5 | 194.9 | 229.7 | -106.1 | 446.6 | 144.5 | 201.6 |
Net margin | 5.1% | 0.7% | 3.3% | 3.9% | -1.8% | 7.4% | 2.3% | 3.3% |
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Diluted EPS | $3.47 | $1.55 | $1.52 | $3.09 | $0.12 | $3.99 | $1.26 | $0.84 |
Shares outstanding (diluted) | 106.2 | 109.4 | 113.0 | 114.8 | 116.9 | 117.8 | 118.3 | 121.3 |
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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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