Year
Ended December 31,
(in millions, except per share data) |
1996 |
1997 |
1998(1) |
1999(1) |
2000(1) |
|
 |
| Consolidated
Statement of Income Data: |
Net revenues |
$4,122.4 |
$4,019.2 |
$4,247.8 |
$5,056.3 |
$7,813.2 |
| Cost
of sales |
(2,414.7) |
(2,457.4) |
(2,623.0) |
(3,054.5) |
(4,216.9) |
|
| Gross
profit |
1,707.7 |
1,561.8 |
1,624.8 |
2,001.8 |
3,596.3 |
| Total
operating expenses |
(908.3) |
(1,042.0) |
(1,101.4) |
(1,330.3) |
(1,813.6) |
|
| Operating
income |
799.4 |
519.8 |
523.4 |
671.5 |
1,782.7 |
| Net
interest income (expense)(2) |
(3.9) |
(2.6) |
8.7 |
35.6 |
46.7 |
|
| Income
before income taxes and minority interests |
795.5 |
517.2 |
532.1 |
707.1 |
1,829.4 |
| Income
tax expense |
(171.6) |
(113.0) |
(120.4) |
(157.2) |
(375.1) |
|
| Income
before minority interests |
623.9 |
404.2 |
411.7 |
549.9 |
$1,454.2 |
| Minority
interests |
1.6 |
2.4 |
(0.6) |
(2.6) |
(2.2) |
| Net
income |
$625.5 |
$406.6 |
$411.1 |
$547.3 |
$1,452.1 |
| Earnings
per share (basic)(3) |
$0.75 |
$0.49 |
$0.49 |
$0.64 |
$1.64 |
| Earnings
per share (diluted)(3) |
$0.75 |
$0.48 |
$0.48 |
$0.62 |
$1.58 |
| Number
of weighted average shares used in calculating earnings per
share (basic)(3) |
832.2 |
834.6 |
845.1 |
859.1 |
885.7 |
|
Number of weighted average shares used in calculating earnings
per share (diluted)(3) |
835.2 |
839.1 |
864.3 |
901.2 |
936.1 |
|
| Consolidated
Balance Sheet Data (end of period): |
| Cash,
cash equivalents and marketable securities(1) |
$556.4 |
$702.2 |
$1,100.7 |
$1,823.1 |
$2,330.9 |
| Total
assets |
5,005.5 |
5,445.7 |
6,434.0 |
7,930.3 |
11,880.5 |
| Short-term
debt (including current portion of long-term debt) |
428.2 |
424.6 |
191.2 |
123.2 |
141.6 |
| Long-term
debt (excluding current portion)(1) |
194.9 |
356.4 |
755.8 |
1,348.5 |
2,700.5 |
| Shareholders'
equity(1) |
3,260.0 |
3,307.4 |
4,083.3 |
4,563.9 |
6,124.6 |
|
|
|
(1)
On November 16, 2000, the Company issued $1,480.0 million initial
aggregate principal amount of zero-coupon unsubordinated convertible
notes, due 2010, for net proceeds of $1,457.8 million. On September
22, 1999, the Company completed an equity offering of 8,970,000
shares of capital stock at $24.88 (adjusted for the 3-for-1
stock split) for net proceeds of $216.8 million. On September
22, 1999, the Company also completed a debt offering of $720.9
million initial aggregate principal amount of zero-coupon convertible
Liquid Yield Option™ Notes, due 2009, for net proceeds
of $708.3 million. On June 10, 1998, the Company completed an
equity offering of 18,000,000 shares of captial stock at $12.03
(adjusted for the 2-for-1 and 3-for-1 stock splits) for net
proceeds of $208.8 million. On June 10, 1998, the Company also
completed a debt offering of $431.7 million initial aggregate
principal amount of zero-coupon convertible Liquid Yield Option™
Notes, due 2008, for net proceeds of $421.8 million.
|
| (2)
Includes mainly net interest income (expense) plus gain on disposal
of an investment in 1996. |
| (3)
All share information has been adjusted to reflect the 2-for-1
stock split effected in June 1999 and the 3-for-1 stock split
effected in May 2000. |
|
|
|
|
|
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