Three Months Ended | Nine Months Ended | |||
Dec.31, 1996 | Dec.31, 1995 | Dec.31, 1996 | Dec.31, 1995 | |
Net sales | 1053.8 | 966.9 | 4078.3 | 3520.7 |
Other revenues | 5.1 | 7.8 | 44.1 | 33.7 |
NET REVENUES | 1058.9 | 974.7 | 4122.4 | 3554.4 |
Cost of sales | -657.0 | -565.1 | -2414.7 | -2096.0 |
GROSS PROFIT | 401.9 | 409.6 | 1707.7 | 1458.4 |
Selling, general & administrative | -107.9 | -119.0 | -421.1 | -413.2 |
Research & development | -140.4 | -128.4 | -532.3 | -440.3 |
Restructuring costs | 1.2 | -5.1 | 0.0 | -13.0 |
Other income and expenses | 32.1 | 28.3 | 45.1 | 59.1 |
Total Operating Expenses | -215.0 | -224.2 | -908.3 | -807.4 |
OPERATING INCOME | 186.9 | 185.4 | 799.4 | 651.0 |
Net interest expenses | -5.9 | -2.1 | -11.2 | -16.8 |
Gain on disposal of investment | 0.0 | 0.0 | 7.3 | 0.0 |
INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS | 181.0 | 183.3 | 795.5 | 634.2 |
Income taxes | -39.8 | -15.7 | -171.6 | -108.3 |
INCOME BEFORE MINORITY INTERESTS | 141.2 | 167.6 | 623.9 | 525.9 |
Minority interests | 0.8 | 0.4 | 1.6 | 0.6 |
NET INCOME | 142.0 | 168.0 | 625.5 | 526.5 |
EARNINGS PER SHARE | 1.02 | 1.24 | 4.50 | 4.03 |
Number of weighted average shares* used in calculating earnings per share | 138.9 | 135.9 | 138.7 | 130.6 |
Number of shares* at end of period | 139.0 | 138.2 | 139.0 | 138.2 |
* millions of shares