2011 Form 10-K Financial Statement
#000119312513067448 Filed on February 20, 2013
Income Statement
| Concept | 2011 | 2010 |
|---|---|---|
| Revenue | $8.273B | $8.528B |
| YoY Change | -2.99% | -1.99% |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $2.429B | $2.517B |
| YoY Change | -3.5% | 0.2% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $129.4M | $126.6M |
| YoY Change | 2.21% | 11.25% |
| % of Gross Profit | ||
| Operating Expenses | $7.506B | $7.555B |
| YoY Change | -0.65% | -3.67% |
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | -$60.00M | -$61.00M |
| YoY Change | -1.64% | 0.0% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $706.0M | $607.0M |
| YoY Change | 16.31% | -14.99% |
| Income Tax | $167.0M | $328.0M |
| % Of Pretax Income | 23.65% | 54.04% |
| Net Earnings | $539.0M | $279.0M |
| YoY Change | 93.19% | -35.57% |
| Net Earnings / Revenue | 6.52% | 3.27% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $5.500M | $2.514M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 96.63M | 110.6M |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2011 | 2010 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | $1.167B | $1.151B |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $128.0M | |
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $243.0M | $267.0M |
| YoY Change | -8.99% | -2.91% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $13.97B | $13.46B |
| YoY Change | 3.77% | 2.77% |
| Other Assets | $44.00M | $76.00M |
| YoY Change | -42.11% | -54.49% |
| Total Long-Term Assets | $26.89B | |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $128.0M | |
| Total Long-Term Assets | $26.89B | |
| Total Assets | $27.02B | $26.40B |
| YoY Change | 2.36% | 2.07% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.486B | $1.340B |
| YoY Change | 10.9% | -3.46% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $5.214B | $5.008B |
| YoY Change | 4.11% | 0.1% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $972.0M | $977.0M |
| YoY Change | -0.51% | -0.31% |
| Other Long-Term Liabilities | $230.0M | $292.0M |
| YoY Change | -21.23% | -24.16% |
| Total Long-Term Liabilities | $1.202B | $1.269B |
| YoY Change | -5.28% | -7.03% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $5.214B | $5.008B |
| Total Long-Term Liabilities | $1.202B | $1.269B |
| Total Liabilities | $22.15B | $21.62B |
| YoY Change | 2.45% | 2.9% |
| 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 | $4.874B | $4.781B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $27.02B | $26.40B |
| YoY Change | 2.36% | 2.07% |
Cashflow Statement
| Concept | 2011 | 2010 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $539.0M | $279.0M |
| YoY Change | 93.19% | -35.57% |
| Depreciation, Depletion And Amortization | $129.4M | $126.6M |
| YoY Change | 2.21% | 11.25% |
| Cash From Operating Activities | $855.3M | $540.7M |
| YoY Change | 58.18% | 100.33% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$35.70M | -$51.20M |
| YoY Change | -30.27% | -8.41% |
| Acquisitions | $45.08M | $11.56M |
| YoY Change | 289.97% | -334.82% |
| Other Investing Activities | -$160.8M | $42.30M |
| YoY Change | -480.14% | -78.57% |
| Cash From Investing Activities | -$196.6M | -$8.900M |
| YoY Change | 2108.99% | -106.29% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -636.8M | -699.5M |
| YoY Change | -8.96% | 390.53% |
| NET CHANGE | ||
| Cash From Operating Activities | 855.3M | 540.7M |
| Cash From Investing Activities | -196.6M | -8.900M |
| Cash From Financing Activities | -636.8M | -699.5M |
| Net Change In Cash | 21.90M | -167.7M |
| YoY Change | -113.06% | -162.39% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $855.3M | $540.7M |
| Capital Expenditures | -$35.70M | -$51.20M |
| Free Cash Flow | $891.0M | $591.9M |
| YoY Change | 50.53% | 81.68% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011 | us-gaap |
Supplementary Insurance Information Other Operating Expense
SupplementaryInsuranceInformationOtherOperatingExpense
|
2439948000 | |
| CY2012 | us-gaap |
Supplementary Insurance Information Other Operating Expense
SupplementaryInsuranceInformationOtherOperatingExpense
|
2640555000 | |
| CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
84276427 | |
| CY2012 | aiz |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset And Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilityTransfersIntoLevel3
|
30153000 | |
| CY2012 | aiz |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset And Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAndLiabilityTransfersOutOfLevel3
|
4414000 | |
| CY2010 | us-gaap |
Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
|
0.014 | |
| CY2011 | us-gaap |
Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
|
0.007 | |
| CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
|
0.005 | |
| CY2010 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
306381000 | |
| CY2010 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
11560000 | |
| CY2011 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
45080000 | |
| CY2012 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
3500000 | |
| CY2010 | us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
0 | |
| CY2011 | us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
0 | |
| CY2012 | us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
1364000 | |
| CY2010 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
227094 | |
| CY2011 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
336919 | |
| CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
370244 | |
| CY2010 | us-gaap |
Supplementary Insurance Information Other Operating Expense
SupplementaryInsuranceInformationOtherOperatingExpense
|
2835529000 |
