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 | 4,144.2 | 3,485.5 | 3,012.9 | 4,685.9 | 5,169.8 | 7,499.8 | 14,047.8 | 408.0 |
Revenue growth | 18.9% | 15.7% | -35.7% | -9.4% | -31.1% | -46.6% | 3342.9% | 19.7% |
Cost of goods sold | 3,332.7 | 2,685.4 | 2,292.1 | 2,299.0 | 2,655.1 | 4,799.7 | 1,080.7 | 119.9 |
Gross profit | 811.5 | 800.1 | 720.8 | 2,386.9 | 2,514.7 | 2,700.1 | 12,967.1 | 288.1 |
Gross margin | 19.6% | 23.0% | 23.9% | 50.9% | 48.6% | 36.0% | 92.3% | 70.6% |
Selling, general and administrative | 287.5 | 263.4 | 247.3 | 247.7 | 260.4 | 230.6 | 221.4 | 69.2 |
EBIT | 429.1 | 348.0 | 292.3 | 327.4 | 555.0 | 453.4 | 253.7 | 209.8 |
EBIT margin | 10.4% | 10.0% | 9.7% | 7.0% | 10.7% | 6.0% | 1.8% | 51.4% |
Pre-tax income | 471.5 | 425.5 | 356.8 | 363.3 | 407.5 | 13.4 | 175.9 | 0.0 |
Income taxes | 193.4 | 158.0 | 117.9 | 133.3 | 162.3 | 83.7 | 61.1 | 0.0 |
Tax rate | 41.0% | 37.1% | 33.0% | 36.7% | 39.8% | 624.6% | 34.7% | |
Earnings from continuing ops | 275.1 | 264.5 | 236.0 | 226.9 | 242.4 | -72.4 | 111.8 | |
Earnings from discontinued ops | 1.8 | 87.3 | 45.4 | 0.5 | -21.5 | 2.8 | 4.7 | |
Net income | 276.9 | 351.8 | 281.4 | 227.4 | 220.9 | -69.6 | 116.5 | 0.0 |
Net margin | 6.7% | 10.1% | 9.3% | 4.9% | 4.3% | -0.9% | 0.8% | 0.0% |
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Diluted EPS | $3.41 | $3.30 | $2.98 | $2.87 | $3.11 | ($0.94) | $1.45 | |
Shares outstanding (diluted) | 80.7 | 80.1 | 79.3 | 79.1 | 78.0 | 76.8 | 77.0 | |
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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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