Financial Summary (All financials)
In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
Revenues | 1,134.9 | 1,189.3 | 1,220.0 | 1,098.9 | 1,194.4 | 1,123.6 | 1,109.9 | 1,201.9 |
Revenue growth | -4.6% | -2.5% | 11.0% | -8.0% | 6.3% | 1.2% | 8.3% | -55.9% |
Cost of goods sold | 181.6 | 194.2 | 179.4 | 180.8 | 228.4 | 226.4 | 210.0 | 457.4 |
Gross profit | 953.3 | 995.1 | 1,040.6 | 918.1 | 966.0 | 897.2 | 899.9 | 1,025.3 |
Gross margin | 84.0% | 83.7% | 85.3% | 83.5% | 80.9% | 79.9% | 81.1% | 100.0% |
Selling, general and administrative | | | | 168.7 | 170.4 | | | 898.9 |
General and administrative | 160.3 | 188.9 | 173.3 | 120.8 | 117.9 | 108.5 | 93.4 | 89.1 |
EBIT | 409.1 | 412.1 | 389.9 | 389.4 | 370.9 | 347.1 | 332.0 | 321.9 |
EBIT margin | 36.0% | 34.7% | 32.0% | 35.4% | 31.1% | 30.9% | 29.9% | 26.8% |
Pre-tax income | 319.3 | 352.4 | 262.5 | 328.5 | 324.3 | 301.7 | 284.9 | 266.6 |
Income taxes | 110.6 | 125.9 | 101.3 | 116.5 | 116.4 | -109.4 | -104.4 | 94.4 |
Tax rate | 34.6% | 35.7% | 38.6% | 35.5% | 35.9% | | | 35.4% |
Earnings from continuing ops | 208.7 | 226.5 | 161.2 | 212.0 | 207.9 | 192.3 | 180.5 | 172.2 |
Earnings from discontinued ops | | | | | | 148.2 | 215.4 | 520.6 |
Net income | 208.7 | 226.5 | 161.2 | 212.0 | 207.9 | 339.2 | 393.3 | 683.8 |
Net margin | 18.4% | 19.0% | 13.2% | 19.3% | 17.4% | 30.2% | 35.4% | 66.7% |
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Diluted EPS | $1.18 | $1.29 | $0.92 | $1.19 | $1.16 | $1.08 | $1.02 | $0.98 |
Shares outstanding (diluted) | 176.3 | 176.1 | 176.0 | 177.5 | 178.8 | 178.0 | 176.3 | 176.1 |
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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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