
Merrill: Confidence...


| Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
| Sales | 4.86B | 4.76B | 4.45B | 4.28B |
| Cost of Sales | 1.33B | 1.32B | 1.61B | 1.68B |
| Gross Operating Profit | 3.52B | 3.44B | 2.84B | 2.60B |
| Selling, General, and Administrative Expenses | 1.14B | 1.00B | 884.00M | 939.00M |
| Research & Development | 604.00M | 646.00M | 642.00M | 627.00M |
| Operating Income before D & A (EBITDA) | 1.78B | 1.79B | 1.31B | 1.03B |
| Depreciation & Amortization | 328.00M | 435.00M | 517.00M | 628.00M |
| Interest Income | 6.00M | 14.00M | 8.00M | 15.00M |
| Other Income - Net | 2.00M | -7.00M | 20.00M | 7.00M |
| Special Income / Charges | 0.00 | 0.00 | -326.00M | -409.00M |
| Total Income Before Interest Expenses (EBIT) | 1.46B | 1.34B | 497.00M | -4.00M |
| Interest Expense | 1.00M | 4.00M | 5.00M | 4.00M |
| Pre-Tax Income | 1.46B | 1.33B | 492.00M | -8.00M |
| Income Taxes | 309.00M | 246.00M | 74.00M | -121.00M |
| Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing Operations | 1.15B | 1.08B | 418.00M | 113.00M |
| Net Income From Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Total Operations | 1.15B | 1.08B | 418.00M | 113.00M |
| Extraordinary Income/Losses | 0.00 | 0.00 | 0.00 | 0.00 |
| Income From Cum. Effect of Acct. Change | 0.00 | 0.00 | 0.00 | 0.00 |
| Income From Tax Loss Carryforward | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Gains / Losses | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Net Income | 1.15B | 1.08B | 418.00M | 113.00M |
| Normalized Income (Net Income From Continuing Operations, Ex. Special Income / Charge) |
1.15B | 1.11B | 744.00M | 545.00M |
| Preferred Dividends | ||||
|---|---|---|---|---|
| Net Income Available To Common | 1.15B | 1.08B | 418.00M | 113.00M |
| Basic EPS from Continuing Ops. | 1.01 | 0.93 | 0.34 | 0.09 |
| Basic EPS from Discontinued Ops. | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS from Total Operations | 1.01 | 0.93 | 0.34 | 0.09 |
| Basic EPS from Extraordinary Inc. | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS from Cum Effect of Accounting Change | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS from Tax Loss Carryf'd. | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS from Other Gains (Losses) | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS, Total | 1.01 | 0.93 | 0.34 | 0.09 |
| Basic Normalized Net Income/Share | 1.01 | 0.95 | 0.61 | 0.43 |
| EPS fr Continuing Ops. | 1.01 | 0.92 | 0.33 | 0.09 |
| EPS fr Discontinued Ops | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS fr Total Ops. | 1.01 | 0.92 | 0.33 | 0.09 |
| EPS fr Extraord. Inc. | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS fr Cum Effect of Accounting Change | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS fr Tax Loss Carfd. | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS fr Other Gains (L) | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS, Total | 1.01 | 0.92 | 0.33 | 0.09 |
| Diluted Normalized Net Inc/Shr (Net Income From Continuing Operations, Ex. Special Income / Charge) |
1.01 | 0.94 | 0.59 | 0.43 |
| Dividends Paid per Share | 0.18 | 0.17 | 0.15 | 0.00 |