2008 Q4 Form 10-K Financial Statement

#000095012310017084 Filed on February 25, 2010

View on sec.gov

Income Statement

Concept 2008 Q4 2007 2006 Q4
Revenue $1.113B $5.453B $1.397B
YoY Change -12.63% 10.45% 56.18%
Cost Of Revenue $890.3M $4.003B $1.063B
YoY Change -9.07% 7.02% 47.65%
Gross Profit $222.4M $1.449B $333.7M
YoY Change -24.48% 21.17% 91.45%
Gross Profit Margin 19.99% 26.58% 23.89%
Selling, General & Admin $59.00M $296.7M $74.20M
YoY Change -18.51% 0.47% -6.31%
% of Gross Profit 26.53% 20.47% 22.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.10M $102.9M $24.30M
YoY Change 15.88% 19.37% 6.58%
% of Gross Profit 14.43% 7.1% 7.28%
Operating Expenses $59.00M $296.7M $74.20M
YoY Change -18.51% 0.47% -6.31%
Operating Profit $163.4M $1.153B $259.5M
YoY Change -26.43% 27.95% 172.87%
Interest Expense -$700.0K -$2.300M -$5.700M
YoY Change -131.82% -92.18% -25.97%
% of Operating Profit -0.43% -0.2% -2.2%
Other Income/Expense, Net $0.00 $6.200M -$1.100M
YoY Change -100.0% 463.64% -21.43%
Pretax Income $162.7M $1.154B $252.7M
YoY Change -26.97% 32.26% 306.92%
Income Tax $51.20M $400.2M $89.60M
% Of Pretax Income 31.47% 34.68% 35.46%
Net Earnings $110.9M $747.1M $163.1M
YoY Change -25.52% 30.13% 37.29%
Net Earnings / Revenue 9.97% 13.7% 11.68%
Basic Earnings Per Share $7.35
Diluted Earnings Per Share $1.148M $7.26 $1.587M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2008 Q4 2007 2006 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $469.9M $623.3M $502.3M
YoY Change -24.61% 24.09% 38.49%
Cash & Equivalents $469.9M $623.3M $502.3M
Short-Term Investments
Other Short-Term Assets $41.40M $57.10M $76.00M
YoY Change -27.5% -24.87% 5.41%
Inventory $887.6M $916.1M $798.7M
Prepaid Expenses
Receivables $530.5M $652.2M $610.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.929B $2.249B $1.988B
YoY Change -14.2% 13.12% 33.96%
LONG-TERM ASSETS
Property, Plant & Equipment $1.634B $1.240B $871.7M
YoY Change 31.8% 42.19% 23.66%
Goodwill $190.9M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $134.9M $397.6M $214.4M
YoY Change -66.07% 85.45% -37.49%
Total Long-Term Assets $2.241B $1.847B $1.293B
YoY Change 21.34% 42.88% 3.61%
TOTAL ASSETS
Total Short-Term Assets $1.929B $2.249B $1.988B
Total Long-Term Assets $2.241B $1.847B $1.293B
Total Assets $4.170B $4.096B $3.281B
YoY Change 1.83% 24.85% 20.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $278.5M $388.4M $355.1M
YoY Change -28.3% 9.38% 13.49%
Accrued Expenses $322.0M $294.7M
YoY Change 11.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.20M $20.90M $23.70M
YoY Change -27.27% -11.81% 76.87%
Total Short-Term Liabilities $693.9M $704.0M $643.1M
YoY Change -1.43% 9.47% 14.66%
LONG-TERM LIABILITIES
Long-Term Debt $494.6M $507.3M $529.9M
YoY Change -2.5% -4.26% -3.13%
Other Long-Term Liabilities $127.8M $660.8M $604.6M
YoY Change -80.66% 9.3% -26.61%
Total Long-Term Liabilities $127.8M $1.168B $1.135B
YoY Change -89.06% 2.96% -17.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $693.9M $704.0M $643.1M
Total Long-Term Liabilities $127.8M $1.168B $1.135B
Total Liabilities $2.141B $1.872B $1.778B
YoY Change 14.38% 5.32% -7.98%
SHAREHOLDERS EQUITY
Retained Earnings $2.287B
YoY Change
Common Stock $662.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $244.8M
YoY Change
Treasury Stock Shares 5.073M shares
Shareholders Equity $1.957B $2.224B $1.503B
YoY Change
Total Liabilities & Shareholders Equity $4.170B $4.096B $3.281B
YoY Change 1.83% 24.85% 20.09%

Cashflow Statement

Concept 2008 Q4 2007 2006 Q4
OPERATING ACTIVITIES
Net Income $110.9M $747.1M $163.1M
YoY Change -25.52% 30.13% 37.29%
Depreciation, Depletion And Amortization $32.10M $102.9M $24.30M
YoY Change 15.88% 19.37% 6.58%
Cash From Operating Activities $409.9M $701.5M $130.1M
YoY Change 140.13% 125.13% 361.35%
INVESTING ACTIVITIES
Capital Expenditures -$150.6M -$447.4M -$76.20M
YoY Change -9.5% 87.75% 52.1%
Acquisitions $9.700M
YoY Change
Other Investing Activities $500.0K -$5.400M $700.0K
YoY Change -200.0% -316.0% -72.0%
Cash From Investing Activities -$150.1M -$451.7M -$75.50M
YoY Change -10.07% 91.56% 58.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $61.20M
YoY Change 84.89%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -62.50M -$128.8M 41.80M
YoY Change 41.72% -301.88% 301.92%
NET CHANGE
Cash From Operating Activities 409.9M $701.5M 130.1M
Cash From Investing Activities -150.1M -$451.7M -75.50M
Cash From Financing Activities -62.50M -$128.8M 41.80M
Net Change In Cash 197.3M $121.0M 96.40M
YoY Change -589.58% -13.32% -1171.11%
FREE CASH FLOW
Cash From Operating Activities $409.9M $701.5M $130.1M
Capital Expenditures -$150.6M -$447.4M -$76.20M
Free Cash Flow $560.5M $1.149B $206.3M
YoY Change 66.27% 108.93% 163.47%

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PaymentsForProceedsFromOtherInvestingActivities
-5400000 USD
CY2007 us-gaap Payments For Repurchase Of Common Stock
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61200000 USD
CY2007 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
50700000 USD
CY2007 us-gaap Proceeds From Stock Options Exercised
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5500000 USD
CY2007 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
CY2007 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
58100000 USD
CY2007 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2007 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
50100000 USD
CY2007 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
-8600000 USD
CY2007 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
15300000 USD
CY2007 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2007 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
447400000 USD
CY2007 us-gaap Increase Decrease In Other Operating Capital Net
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-22300000 USD
CY2007 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-5300000 USD
CY2007 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
33300000 USD
CY2007 us-gaap Increase Decrease In Inventories
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117400000 USD
CY2007 us-gaap Increase Decrease In Accounts Receivable
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41300000 USD
CY2007 us-gaap Increase Decrease In Pension And Postretirement Obligations
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-102400000 USD
CY2007 us-gaap Deferred Income Taxes And Tax Credits
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55500000 USD
CY2007 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
102900000 USD
CY2007 us-gaap Net Cash Provided By Used In Operating Activities
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701500000 USD
CY2007 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-451700000 USD
CY2007 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-128800000 USD
CY2007 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
121000000 USD
CY2006Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
502300000 USD
CY2009 us-gaap Proceeds From Minority Shareholders
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0 USD
CY2008 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2007 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
8300000 USD
CY2006Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1540400000 USD
CY2007 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
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71400000 USD
CY2007 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
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24500000 USD
CY2007 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-16900000 USD
CY2007 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-800000 USD
CY2007 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
832100000 USD
CY2007 us-gaap Treasury Stock Value Acquired Cost Method
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-61200000 USD
CY2007 us-gaap Cumulative Effect Of Initial Adoption Of Fin48
CumulativeEffectOfInitialAdoptionOfFIN48
-5600000 USD
CY2007 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-58100000 USD
CY2007 us-gaap Minority Interest Increase From Stock Issuance
MinorityInterestIncreaseFromStockIssuance
8300000 USD
CY2007 ati Employee Stock Plans
EmployeeStockPlans
23300000 USD
CY2007Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2279200000 USD
CY2008 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax
-426100000 USD
CY2008 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-62500000 USD
CY2008 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-15100000 USD
CY2008 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
69800000 USD
CY2008 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-278300000 USD
CY2008 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
35200000 USD
CY2008 us-gaap Effect On Other Comprehensive Income Loss Due To Change In Measurement Date Net Of Tax
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1200000 USD
CY2008 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-71400000 USD
CY2008 ati Employee Stock Plans
EmployeeStockPlans
-6700000 USD
CY2009 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
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19900000 USD
CY2009 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
22200000 USD
CY2009 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
31200000 USD
CY2009 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
111300000 USD
CY2009 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-70600000 USD
CY2009 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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-800000 USD
CY2009 ati Employee Stock Plans
EmployeeStockPlans
20700000 USD
CY2008 us-gaap Common Stock Dividends Per Share Cash Paid
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0.72 USD
CY2007 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.57 USD
CY2009 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.72 USD

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