
Merrill: Confidence...


| Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
| Sales | 4.90B | 5.28B | 5.43B | 5.57B |
| Cost of Sales | 2.10B | 2.34B | 2.37B | 2.40B |
| Gross Operating Profit | 2.81B | 2.93B | 3.05B | 3.17B |
| Selling, General, and Administrative Expenses | 1.60B | 1.73B | 1.76B | 1.80B |
| Research & Development | 136.91M | 148.64M | 156.37M | 182.19M |
| Operating Income before D & A (EBITDA) | 1.07B | 1.05B | 1.13B | 1.19B |
| Depreciation & Amortization | 255.56M | 272.14M | 303.65M | 338.90M |
| Interest Income | 7.98M | 5.80M | 2.59M | 4.95M |
| Other Income - Net | 0.00 | 19.92M | 0.00 | 0.00 |
| Special Income / Charges | -1.14M | -130.15M | 0.00 | 0.00 |
| Total Income Before Interest Expenses (EBIT) | 800.98M | 529.64M | 650.20M | 804.44M |
| Interest Expense | 196.37M | 115.36M | 115.62M | 111.27M |
| Pre-Tax Income | 604.61M | 414.28M | 534.58M | 693.18M |
| Income Taxes | 150.30M | 44.58M | 205.77M | 240.15M |
| Minority Interest | 18.38M | 18.38M | 18.32M | 21.47M |
| Net Income From Continuing Operations | 454.31M | 369.70M | 328.81M | 453.02M |
| Net Income From Discontinued Operations | 9.23M | 266.16M | -18.10M | -8.11M |
| Net Income From Total Operations | 463.54M | 635.86M | 310.70M | 444.91M |
| 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 | 445.16M | 617.48M | 292.38M | 423.44M |
| Normalized Income (Net Income From Continuing Operations, Ex. Special Income / Charge) |
478.56M | 648.00M | 511.08M | 501.77M |
| Preferred Dividends | ||||
|---|---|---|---|---|
| Net Income Available To Common | 454.31M | 369.70M | 328.81M | 453.02M |
| Basic EPS from Continuing Ops. | 2.18 | 1.74 | 1.51 | 2.09 |
| Basic EPS from Discontinued Ops. | 0.05 | 1.32 | -0.09 | -0.04 |
| Basic EPS from Total Operations | 2.23 | 3.06 | 1.42 | 2.05 |
| 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) | -0.01 | 0.00 | 0.00 | 0.00 |
| Basic EPS, Total | 2.22 | 3.06 | 1.42 | 2.05 |
| Basic Normalized Net Income/Share | 2.30 | 3.05 | 2.35 | 2.31 |
| EPS fr Continuing Ops. | 2.16 | 1.73 | 1.50 | 2.08 |
| EPS fr Discontinued Ops | 0.05 | 1.31 | -0.09 | -0.04 |
| EPS fr Total Ops. | 2.21 | 3.04 | 1.41 | 2.04 |
| 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 | 0.01 | 0.00 | 0.00 |
| EPS, Total | 2.21 | 3.05 | 1.41 | 2.04 |
| Diluted Normalized Net Inc/Shr (Net Income From Continuing Operations, Ex. Special Income / Charge) |
2.28 | 3.03 | 2.33 | 2.30 |
| Dividends Paid per Share | 1.50 | 1.48 | 1.46 | 1.44 |