Financial Summary (All financials)
In millions, except per share items | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 |
Revenues | 995.2 | 986.3 | 980.6 | 985.3 | 962.0 | 999.2 | 948.3 | 953.4 |
Revenue growth | 0.9% | 0.6% | -0.5% | 2.4% | -3.7% | 5.4% | -0.5% | 3.1% |
Cost of goods sold | 8.2 | 4.0 | 4.1 | 4.5 | 5.0 | 5.0 | 5.3 | 6.7 |
Gross profit | 987.0 | 982.3 | 976.5 | 980.8 | 957.0 | 994.2 | 943.0 | 946.7 |
Gross margin | 99.2% | 99.6% | 99.6% | 99.5% | 99.5% | 99.5% | 99.4% | 99.3% |
Selling, general and administrative | 970.7 | 899.5 | 860.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
EBIT | -105.0 | -42.7 | -10.0 | 980.8 | 957.0 | 994.2 | 943.0 | 946.7 |
EBIT margin | -10.5% | -4.3% | -1.0% | 99.5% | 99.5% | 99.5% | 99.4% | 99.3% |
Pre-tax income | 16.3 | 82.7 | 116.0 | 51.0 | 143.0 | 156.4 | 78.9 | 55.6 |
Income taxes | -6.4 | 15.8 | 29.7 | 8.6 | 42.9 | 46.2 | 17.5 | 8.8 |
Tax rate | | 19.1% | 25.6% | 17.0% | 30.0% | 29.6% | 22.2% | 15.7% |
Net income | 22.6 | 66.9 | 86.3 | 42.3 | 100.1 | 111.1 | 61.4 | 46.9 |
Net margin | 2.3% | 6.8% | 8.8% | 4.3% | 10.4% | 11.1% | 6.5% | 4.9% |
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Diluted EPS | $0.81 | $2.42 | $3.07 | $1.43 | $3.17 | $3.52 | $2.01 | $1.55 |
Shares outstanding (diluted) | 27.9 | 27.6 | 28.1 | 29.6 | 31.6 | 31.6 | 30.6 | 30.2 |
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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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