
Merrill: Confidence...


| Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
| Sales | 2.96B | 2.90B | 2.72B | 2.53B |
| Cost of Sales | 989.00M | 982.20M | 915.10M | 865.50M |
| Gross Operating Profit | 1.97B | 1.91B | 1.81B | 1.67B |
| Selling, General, and Administrative Expenses | 817.30M | 1.04B | 759.80M | 682.50M |
| Research & Development | 203.20M | 185.40M | 185.40M | 179.60M |
| Operating Income before D & A (EBITDA) | 948.60M | 687.70M | 859.90M | 807.30M |
| Depreciation & Amortization | 136.30M | 115.10M | 104.90M | 93.50M |
| Interest Income | 5.50M | 3.50M | 0.00 | 0.00 |
| Other Income - Net | -45.80M | -5.20M | -20.90M | -30.50M |
| Special Income / Charges | 0.00 | -11.50M | 0.00 | 0.00 |
| Total Income Before Interest Expenses (EBIT) | 772.00M | 547.20M | 734.10M | 683.30M |
| Interest Expense | 39.60M | 36.40M | 16.40M | 11.80M |
| Pre-Tax Income | 732.40M | 510.80M | 717.70M | 671.50M |
| Income Taxes | 202.30M | 182.80M | 208.10M | 210.10M |
| Minority Interest | 0.00 | 0.00 | 400.00K | 1.30M |
| Net Income From Continuing Operations | 530.10M | 0.00 | 0.00 | 0.00 |
| Net Income From Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Total Operations | 530.10M | 0.00 | 0.00 | 0.00 |
| 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 | 530.10M | 328.00M | 509.20M | 460.10M |
| Normalized Income (Net Income From Continuing Operations, Ex. Special Income / Charge) |
530.10M | 23.70M | 0.00 | 0.00 |
| Preferred Dividends | ||||
|---|---|---|---|---|
| Net Income Available To Common | 530.10M | 0.00 | 0.00 | 0.00 |
| Basic EPS from Continuing Ops. | 6.24 | 3.75 | 5.39 | 4.66 |
| Basic EPS from Discontinued Ops. | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS from Total Operations | 6.24 | 3.75 | 5.39 | 4.66 |
| 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 | 6.24 | 3.75 | 5.39 | 4.66 |
| Basic Normalized Net Income/Share | 6.24 | n.a. | n.a. | n.a. |
| EPS fr Continuing Ops. | 6.16 | 3.69 | 5.32 | 4.60 |
| EPS fr Discontinued Ops | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS fr Total Ops. | 6.16 | 3.69 | 5.32 | 4.60 |
| 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 | 6.16 | 3.69 | 5.32 | 4.60 |
| Diluted Normalized Net Inc/Shr (Net Income From Continuing Operations, Ex. Special Income / Charge) |
6.16 | n.a. | n.a. | n.a. |
| Dividends Paid per Share | 0.78 | 0.74 | 0.70 | 0.66 |