Financial Summary (All financials)
In millions, except per share items | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 |
Revenues | 6,488 | 6,356 | 7,404 | 5,986 | 5,689 | 5,400 | 4,820 | 4,682 |
Revenue growth | 2.1% | -14.2% | 23.7% | 5.2% | 5.4% | 12.0% | 2.9% | -66.6% |
Cost of goods sold | 3,903 | 4,061 | 4,844 | 3,033 | 2,887 | 2,729 | 2,413 | 2,342 |
Gross profit | 2,585 | 2,295 | 2,560 | 2,953 | 2,802 | 2,671 | 2,407 | 2,340 |
Gross margin | 39.8% | 36.1% | 34.6% | 49.3% | 49.3% | 49.5% | 49.9% | 50.0% |
Selling, general and administrative | 583 | 551 | 655 | 658 | 818 | 857 | 784 | 812 |
EBIT | 305 | 129 | 76 | 330 | -118 | 136 | 276 | 112 |
EBIT margin | 4.7% | 2.0% | 1.0% | 5.5% | -2.1% | 2.5% | 5.7% | 2.4% |
Pre-tax income | 72 | -77 | -1,343 | -992 | -677 | -62 | 7 | -263 |
Income taxes | 18 | -30 | -219 | -45 | -226 | -51 | -64 | -114 |
Tax rate | 25.0% | 39.0% | 16.3% | 4.5% | 33.4% | 82.3% | | 43.3% |
Earnings from continuing ops | 54 | -47 | -1,124 | -947 | -451 | -11 | 71 | -149 |
Earnings from discontinued ops | | | | 31 | -1,479 | 1,088 | 1,822 | 1,558 |
Net income | 54 | -47 | -1,124 | -916 | -1,994 | 1,618 | 2,091 | 1,080 |
Net margin | 0.8% | -0.7% | -15.2% | -15.3% | -35.1% | 30.0% | 43.4% | 23.1% |
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Diluted EPS | | ($0.46) | ($11.03) | ($9.18) | ($4.48) | ($0.11) | $0.67 | ($0.15) |
Shares outstanding (diluted) | | 102 | 102 | 103 | 101 | 104 | 1,061 | 1,019 |
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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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