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 | Dec-31-99 | Dec-31-98 |
Revenues | 1,801.7 | 1,377.1 | 1,025.2 | 670.7 | 377.4 | 135.9 | 32.7 | 5.3 |
Revenue growth | 30.8% | 34.3% | 52.9% | 77.7% | 177.7% | 315.3% | 516.3% | |
Cost of goods sold | 432.2 | 361.1 | 322.5 | 313.7 | 192.7 | 85.0 | 18.8 | 6.1 |
Gross profit | 1,369.4 | 1,016.1 | 702.7 | 357.0 | 184.6 | 50.9 | 13.9 | -0.8 |
Gross margin | 76.0% | 73.8% | 68.5% | 53.2% | 48.9% | 37.5% | 42.5% | -15.0% |
Selling, general and administrative | 615.9 | 492.3 | 402.3 | 101.2 | 210.3 | 118.0 | 34.9 | 13.5 |
EBIT | 404.4 | 220.7 | 42.9 | -115.4 | -192.3 | -201.9 | -71.6 | -22.3 |
EBIT margin | 22.4% | 16.0% | 4.2% | -17.2% | -51.0% | -148.6% | -218.9% | -420.0% |
Pre-tax income | 299.6 | 62.1 | -201.7 | 0.0 | -285.9 | -265.1 | -112.4 | -22.3 |
Income taxes | -305.8 | 8.4 | -7.8 | 0.0 | 1.8 | 0.0 | 0.0 | 0.0 |
Tax rate | | 13.5% | 3.9% | | | 0.0% | 0.0% | 0.0% |
Net income | 605.4 | 53.7 | -211.6 | -290.6 | -287.7 | -265.1 | -112.4 | -22.3 |
Net margin | 33.6% | 3.9% | -20.6% | -43.3% | -76.2% | -195.1% | -343.6% | -420.0% |
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Diluted EPS | $1.96 | $0.18 | ($0.84) | ($1.19) | ($1.19) | $0.00 | ($38.18) | |
Shares outstanding (diluted) | 309.4 | 305.0 | 252.4 | 244.9 | 242.5 | 203,783.5 | 2.9 | |
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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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