|
Years Ended
December 31,
|
1999
|
1998
|
1997
|
|
Sales
|
$1,808.7
|
$1,718.2
|
$1,198.0
|
| Cost
of sales |
942.1
|
920.6
|
609.7
|
|
Gross profit
|
866.6 |
797.6 |
588.3 |
|
Operating
costs and expenses
|
|
|
|
| Selling,
general and administrative |
476.9
|
492.3
|
360.3
|
| Research
and development |
173.4
|
171.4
|
123.6
|
| In-process
research and development |
—
|
—
|
282.0
|
|
Restructure
(credit) charge
|
(0.2)
|
19.1
|
59.4
|
|
Operating
income (loss)
|
216.5
|
114.8
|
(237.0)
|
|
Nonoperating
(income) expense
|
|
|
|
|
Interest income
|
(7.8)
|
(13.4)
|
(6.1)
|
|
Interest expense
|
73.8
|
87.8
|
29.4
|
|
Other, net
|
(4.2)
|
(6.2)
|
(8.4)
|
|
|
61.8
|
68.2
|
14.9
|
|
Earnings (loss)
before income taxes
|
154.7
|
46.6
|
(251.9)
|
|
Income taxes
|
48.7
|
13.1
|
12.5
|
|
Net earnings
(loss)
|
$
106.0
|
$
33.5
|
$
(264.4)
|
|
Basic earnings
(loss) per share
|
$
3.70
|
$ 1.19
|
$ (9.58)
|
|
Weighted average
number of shares outstanding
|
28.7
|
28.0
|
27.6
|
|
Diluted earnings
(loss) per share
|
$
3.57
|
$ 1.14
|
$
(9.58)
|
|
Weighted average
number of shares and dilutive
|
|
|
|
|
securities
outstanding
|
29.7
|
29.3
|
27.6
|
