Financial Summary (All financials)
In millions, except per share items | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 | Dec-31-00 | Dec-31-99 |
Revenues | 14,073 | 13,024 | 12,273 | 13,131 | 13,555 | 14,470 | 14,287 | 13,293 |
Revenue growth | 8.1% | 6.1% | -6.5% | -3.1% | -6.3% | 1.3% | 7.5% | 2.8% |
Cost of goods sold | 7,214 | 6,644 | 6,223 | -5,983 | -6,442 | -7,196 | -6,973 | 6,663 |
Gross profit | 6,859 | 6,380 | 6,050 | 19,114 | 19,997 | 21,666 | 21,260 | 6,630 |
Gross margin | 48.7% | 49.0% | 49.3% | 145.6% | 147.5% | 149.7% | 148.8% | 49.9% |
Sales and marketing | 3,605 | 3,331 | 3,108 | 4,176 | 4,170 | 4,331 | 4,453 | 3,964 |
Research and development | 126 | 123 | 129 | 130 | 133 | 126 | 125 | 122 |
General and administrative | 1,047 | 1,017 | 976 | 977 | 964 | 988 | 950 | 913 |
EBIT | 1,834 | 1,750 | 1,009 | 1,544 | 2,048 | 852 | 1,540 | 1,364 |
EBIT margin | 13.0% | 13.4% | 8.2% | 11.8% | 15.1% | 5.9% | 10.8% | 10.3% |
Pre-tax income | 1,806 | 1,596 | 1,569 | 1,474 | 1,938 | 672 | 159 | 183 |
Income taxes | 360 | 473 | 428 | 488 | 490 | 416 | -562 | -499 |
Tax rate | 19.9% | 29.6% | 27.3% | 33.1% | 25.3% | 61.9% | | |
Earnings from continuing ops | 1,406 | 1,167 | 591 | 1,170 | 1,630 | 419 | 721 | 682 |
Earnings from discontinued ops | 154 | 504 | 47 | | | | | |
Net income | 1,560 | 1,671 | 638 | 1,170 | 1,630 | 419 | 721 | 682 |
Net margin | 11.1% | 12.8% | 5.2% | 8.9% | 12.0% | 2.9% | 5.0% | 5.1% |
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Diluted EPS | | | | | | | $807.00 | $637.00 |
Shares outstanding (diluted) | | | | | | | 1 | 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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