2009 Form 10-K Financial Statement
#000119312510040943 Filed on February 25, 2010
Income Statement
| Concept | 2009 | 2008 | 2007 |
|---|---|---|---|
| Revenue | $8.701B | $8.601B | $8.454B |
| YoY Change | 1.16% | 1.74% | 4.75% |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $2.512B | $2.434B | $2.184B |
| YoY Change | 3.2% | 11.45% | 1.91% |
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $113.8M | $91.60M | $94.30M |
| YoY Change | 24.24% | -2.86% | 1.07% |
| % of Gross Profit | |||
| Operating Expenses | $7.843B | $7.977B | $7.381B |
| YoY Change | -1.68% | 8.07% | 6.75% |
| Operating Profit | |||
| YoY Change | |||
| Interest Expense | -$61.00M | -$61.00M | -$61.00M |
| YoY Change | 0.0% | 0.0% | 0.0% |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $714.0M | $564.0M | $1.011B |
| YoY Change | 26.6% | -44.21% | -7.76% |
| Income Tax | $281.0M | $116.0M | $357.0M |
| % Of Pretax Income | 39.36% | 20.57% | 35.31% |
| Net Earnings | $433.0M | $447.0M | $654.0M |
| YoY Change | -3.13% | -31.65% | -8.79% |
| Net Earnings / Revenue | 4.98% | 5.2% | 7.74% |
| Basic Earnings Per Share | $3.65 | $3.79 | $5.45 |
| Diluted Earnings Per Share | $3.63 | $3.76 | $5.38 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 118.0M shares | 118.0M shares | 119.9M shares |
| Diluted Shares Outstanding | 118.5M shares | 119.0M shares | 121.6M shares |
Balance Sheet
| Concept | 2009 | 2008 | 2007 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | |||
| YoY Change | |||
| Cash & Equivalents | $1.319B | $1.041B | $805.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | |||
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $44.00M | $26.00M | |
| YoY Change | 69.23% | ||
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $275.0M | $279.0M | $276.0M |
| YoY Change | -1.43% | 1.09% | 0.36% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $13.10B | $12.01B | $13.69B |
| YoY Change | 9.09% | -12.28% | 10.67% |
| Other Assets | $167.0M | $449.0M | $0.00 |
| YoY Change | -62.81% | ||
| Total Long-Term Assets | $24.47B | $26.72B | |
| YoY Change | -8.43% | ||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $44.00M | $26.00M | |
| Total Long-Term Assets | $24.47B | $26.72B | |
| Total Assets | $25.86B | $24.52B | $26.75B |
| YoY Change | 5.49% | -8.36% | 6.3% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.388B | $1.433B | $1.333B |
| YoY Change | -3.14% | 7.5% | -3.27% |
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $5.003B | $4.969B | $4.904B |
| YoY Change | 0.68% | 1.33% | -2.85% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $980.0M | $983.0M | $993.0M |
| YoY Change | -0.31% | -1.01% | -0.1% |
| Other Long-Term Liabilities | $385.0M | $444.0M | $758.0M |
| YoY Change | -13.29% | -41.42% | 23.05% |
| Total Long-Term Liabilities | $1.365B | $1.427B | $1.751B |
| YoY Change | -4.34% | -18.5% | 8.76% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $5.003B | $4.969B | $4.904B |
| Total Long-Term Liabilities | $1.365B | $1.427B | $1.751B |
| Total Liabilities | $21.01B | $20.81B | $22.66B |
| YoY Change | 0.97% | -8.19% | 6.23% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $4.853B | $3.710B | $4.089B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $25.86B | $24.52B | $26.75B |
| YoY Change | 5.49% | -8.36% | 6.3% |
Cashflow Statement
| Concept | 2009 | 2008 | 2007 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $433.0M | $447.0M | $654.0M |
| YoY Change | -3.13% | -31.65% | -8.79% |
| Depreciation, Depletion And Amortization | $113.8M | $91.60M | $94.30M |
| YoY Change | 24.24% | -2.86% | 1.07% |
| Cash From Operating Activities | $269.9M | $999.1M | $1.204B |
| YoY Change | -72.99% | -16.99% | 30.78% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$55.90M | -$56.10M | -$58.70M |
| YoY Change | -0.36% | -4.43% | -21.42% |
| Acquisitions | -$4.923M | $365.4M | |
| YoY Change | -101.35% | ||
| Other Investing Activities | $197.4M | -$272.9M | -$1.150B |
| YoY Change | -172.33% | -76.27% | 11633.67% |
| Cash From Investing Activities | $141.5M | -$329.0M | -$1.209B |
| YoY Change | -143.01% | -72.78% | 1330.3% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -142.6M | -412.1M | -186.6M |
| YoY Change | -65.4% | 120.85% | -73.89% |
| NET CHANGE | |||
| Cash From Operating Activities | 269.9M | 999.1M | 1.204B |
| Cash From Investing Activities | 141.5M | -329.0M | -1.209B |
| Cash From Financing Activities | -142.6M | -412.1M | -186.6M |
| Net Change In Cash | 268.8M | 258.0M | -191.6M |
| YoY Change | 4.19% | -234.66% | -258.35% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $269.9M | $999.1M | $1.204B |
| Capital Expenditures | -$55.90M | -$56.10M | -$58.70M |
| Free Cash Flow | $325.8M | $1.055B | $1.262B |
| YoY Change | -69.12% | -16.41% | 26.86% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2009Q2 | dei |
Entity Public Float
EntityPublicFloat
|
2825996000 | USD |
| CY2008 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.79 | |
| CY2008 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.76 | |
| CY2008 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
118005967 | shares |
| CY2008 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
968712 | shares |
| CY2008 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
118974679 | shares |
| CY2007 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
5.45 | |
| CY2007 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
5.38 | |
| CY2007 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
119934873 | shares |
| CY2007 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1624694 | shares |
| CY2007 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
121559567 | shares |
| CY2009 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.65 | |
| CY2009 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.63 | |
| CY2009 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
118036632 | shares |
| CY2009 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
459008 | shares |
| CY2009 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
118495640 | shares |
