Financial Summary (All financials)
In millions, except per share items | Mar-31-14 | Mar-31-13 | Mar-31-12 | Mar-31-11 | Mar-31-10 | Mar-31-09 | Mar-31-08 | Mar-31-07 |
Revenues | 3,646.9 | 3,094.0 | 4,547.8 | 4,419.7 | 4,192.9 | 3,922.8 | 3,836.3 | 3,441.8 |
Revenue growth | 17.9% | -32.0% | 2.9% | 5.4% | 6.9% | 2.3% | 11.5% | 23.2% |
Cost of goods sold | 760.6 | 649.1 | 998.1 | 964.0 | 924.3 | 816.7 | 800.1 | 745.6 |
Gross profit | 2,886.3 | 2,444.9 | 3,549.7 | 3,455.7 | 3,268.5 | 3,106.1 | 3,036.2 | 2,696.2 |
Gross margin | 79.1% | 79.0% | 78.1% | 78.2% | 78.0% | 79.2% | 79.1% | 78.3% |
Selling, general and administrative | 1,986.2 | 1,558.3 | 1,553.3 | 1,402.1 | 1,264.3 | 1,474.3 | 1,154.8 | 1,046.3 |
Research and development | 788.3 | 963.6 | 796.9 | 715.9 | 1,053.6 | 661.3 | 671.0 | 941.0 |
EBITA | 286.0 | 23.0 | 1,280.3 | 1,327.3 | 901.2 | 946.0 | 1,092.4 | 627.3 |
EBITA margin | 7.8% | 0.7% | 28.2% | 30.0% | 21.5% | 24.1% | 28.5% | 18.2% |
Amortization of intangibles | 174.2 | 100.0 | 80.9 | 30.8 | 31.4 | 53.2 | | |
EBIT | 111.8 | -77.0 | 1,199.4 | 1,296.5 | 869.8 | 892.8 | 1,092.4 | 627.3 |
EBIT margin | 3.1% | -2.5% | 26.4% | 29.3% | 20.7% | 22.8% | 28.5% | 18.2% |
Pre-tax income | 81.6 | -44.9 | 1,237.7 | 1,337.7 | 950.7 | 970.5 | 1,210.4 | 708.8 |
Income taxes | -83.7 | -12.8 | 258.6 | 291.0 | 268.3 | 202.8 | 242.5 | 254.7 |
Tax rate | | 28.4% | 20.9% | 21.8% | 28.2% | 20.9% | 20.0% | 35.9% |
Net income | 165.3 | -32.1 | 979.1 | 1,046.8 | 682.4 | 767.7 | 967.9 | 454.1 |
Net margin | 4.5% | -1.0% | 21.5% | 23.7% | 16.3% | 19.6% | 25.2% | 13.2% |
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Diluted EPS | $0.61 | ($0.12) | $3.57 | $3.59 | $2.25 | $2.52 | $3.06 | $1.41 |
Shares outstanding (diluted) | 272.9 | 266.8 | 274.0 | 291.2 | 303.8 | 305.1 | 316.4 | 322.8 |
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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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