2010 Form 10-K Financial Statement

#000095012311019072 Filed on February 28, 2011

View on sec.gov

Income Statement

Concept 2010 2009 Q4 2009 Q3
Revenue $27.82B $7.051B $6.559B
YoY Change 13.44% -3.45% -18.5%
Cost Of Revenue $8.014B $1.322B $1.117B
YoY Change 18.55% 1.69% -19.87%
Gross Profit $21.99B $5.729B $5.442B
YoY Change 11.16% -4.56% -18.21%
Gross Profit Margin 79.05% 81.25% 82.97%
Selling, General & Admin $13.46B $3.218B $2.819B
YoY Change 16.76% -5.55% -12.94%
% of Gross Profit 61.23% 56.17% 51.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $917.0M $293.0M $209.0M
YoY Change -14.3% 68.39% 16.76%
% of Gross Profit 4.17% 5.11% 3.84%
Operating Expenses $16.88B $4.207B $4.143B
YoY Change -5.14% -16.03% -13.97%
Operating Profit $5.112B $1.522B $1.299B
YoY Change 157.01% 53.27% -29.33%
Interest Expense $2.423B -$561.0M -$381.0M
YoY Change 9.79% -22.62% -49.87%
% of Operating Profit 47.4% -36.86% -29.33%
Other Income/Expense, Net
YoY Change
Pretax Income $5.964B $961.0M $918.0M
YoY Change 109.93% 258.58% -14.84%
Income Tax $1.907B $251.0M $276.0M
% Of Pretax Income 31.98% 26.12% 30.07%
Net Earnings $4.057B $716.0M $640.0M
YoY Change 90.47% 198.33% -21.47%
Net Earnings / Revenue 14.58% 10.15% 9.76%
Basic Earnings Per Share $3.37 $0.60 $0.54
Diluted Earnings Per Share $3.35 $0.60 $0.53
COMMON SHARES
Basic Shares Outstanding 1.188B shares
Diluted Shares Outstanding 1.195B shares

Balance Sheet

Concept 2010 2009 Q4 2009 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.145B $1.525B $1.704B
YoY Change 40.66% -3.11% -89.05%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $1.802B
YoY Change -14.76%
Inventory
Prepaid Expenses
Receivables $36.88B $33.20B $31.53B
Other Receivables $3.554B $5.007B $3.267B
Total Short-Term Assets $44.38B $39.73B $36.50B
YoY Change 4.27% 4.15% -35.13%
LONG-TERM ASSETS
Property, Plant & Equipment $2.905B $2.782B $2.759B
YoY Change 4.42% -5.63% -2.82%
Goodwill $2.328B
YoY Change
Intangibles
YoY Change
Long-Term Investments $28.22B $39.41B $40.74B
YoY Change -28.39% 25.12% 206.86%
Other Assets $7.569B $2.192B $0.00
YoY Change 46.37% 914.81% -100.0%
Total Long-Term Assets $102.3B $85.42B $83.95B
YoY Change 23.89% -2.86% 18.31%
TOTAL ASSETS
Total Short-Term Assets $44.38B $39.73B $36.50B
Total Long-Term Assets $102.3B $85.42B $83.95B
Total Assets $146.7B $125.1B $120.4B
YoY Change 17.22% -0.74% -5.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.691B $9.063B $8.780B
YoY Change 6.93% 7.53% -8.91%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $34.33B $2.344B $26.07B
YoY Change 19.88% -90.42% 1.15%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $44.02B $37.70B $34.85B
YoY Change 16.77% 14.55% -1.59%
LONG-TERM LIABILITIES
Long-Term Debt $66.42B $52.34B $52.85B
YoY Change 26.9% -12.83% -8.56%
Other Long-Term Liabilities $20.03B $20.71B $18.81B
YoY Change -3.28% -2.72% -12.51%
Total Long-Term Liabilities $86.44B $73.04B $71.66B
YoY Change 18.34% -10.18% -9.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.02B $37.70B $34.85B
Total Long-Term Liabilities $86.44B $73.04B $71.66B
Total Liabilities $130.5B $110.7B $106.5B
YoY Change 17.81% -3.06% -7.15%
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 $16.23B $12.64B $13.94B
YoY Change
Total Liabilities & Shareholders Equity $146.7B $125.1B $120.4B
YoY Change 17.22% -0.74% -5.32%

Cashflow Statement

Concept 2010 2009 Q4 2009 Q3
OPERATING ACTIVITIES
Net Income $4.057B $716.0M $640.0M
YoY Change 90.47% 198.33% -21.47%
Depreciation, Depletion And Amortization $917.0M $293.0M $209.0M
YoY Change -14.3% 68.39% 16.76%
Cash From Operating Activities $8.935B $1.425B $2.311B
YoY Change 41.0% -246.91% 197.81%
INVESTING ACTIVITIES
Capital Expenditures $878.0M -$281.0M -$157.0M
YoY Change 21.61% -18.31% -31.14%
Acquisitions
YoY Change
Other Investing Activities -$351.0M -$6.187B -$937.0M
YoY Change -94.13% -212.14% -125.7%
Cash From Investing Activities -$1.229B -$6.468B -$1.094B
YoY Change -81.8% -225.03% -132.01%
FINANCING ACTIVITIES
Cash Dividend Paid $867.0M
YoY Change -6.17%
Common Stock Issuance & Retirement, Net -$73.00M
YoY Change -88.11%
Debt Paid & Issued, Net $17.67B
YoY Change 16.27%
Cash From Financing Activities -$8.084B 1.949B 2.041B
YoY Change 73.96% 1459.2% -124.25%
NET CHANGE
Cash From Operating Activities $8.935B 1.425B 2.311B
Cash From Investing Activities -$1.229B -6.468B -1.094B
Cash From Financing Activities -$8.084B 1.949B 2.041B
Net Change In Cash -$378.0M -3.094B 3.258B
YoY Change -92.53% -171.49% -177.13%
FREE CASH FLOW
Cash From Operating Activities $8.935B $1.425B $2.311B
Capital Expenditures $878.0M -$281.0M -$157.0M
Free Cash Flow $8.057B $1.706B $2.468B
YoY Change 43.49% -372.52% 145.82%

Facts In Submission

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IncomeLossFromContinuingOperationsPerBasicShare
2.47
CY2009 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.55
CY2009Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.09
CY2009Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.54
CY2010 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.37
CY2010Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.84
CY2010Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.91
CY2010Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.88
CY2008 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.47
CY2009 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.54
CY2009Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.09
CY2009Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.54
CY2009Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.59
CY2010 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.35
CY2010Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.84
CY2010Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.90
CY2010Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.88
CY2009Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-5000000 USD
CY2009Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-2000000 USD
CY2010Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2009Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2009Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2009Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2010Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2009Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2009Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2009Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2010Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2009 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
11037000000 USD
CY2008 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2256000000 USD
CY2008 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
2000000 shares
CY2009 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
3000000 shares
CY2010 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
7000000 shares
CY2009 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
5000000 USD
CY2010 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-11000000 USD
CY2008 us-gaap Revenues
Revenues
28365000000 USD
CY2010Q4 us-gaap Loans And Leases Receivable Consumer Revolving Credit Card
LoansAndLeasesReceivableConsumerRevolvingCreditCard
60850000000 USD
CY2010Q4 us-gaap Long Term Debt
LongTermDebt
66416000000 USD
CY2009Q1 us-gaap Net Income Loss
NetIncomeLoss
437000000 USD
CY2009Q2 us-gaap Net Income Loss
NetIncomeLoss
337000000 USD
CY2009Q3 us-gaap Net Income Loss
NetIncomeLoss
640000000 USD
CY2009Q4 us-gaap Net Income Loss
NetIncomeLoss
716000000 USD
CY2010Q1 us-gaap Net Income Loss
NetIncomeLoss
885000000 USD
CY2010Q2 us-gaap Net Income Loss
NetIncomeLoss
1017000000 USD
CY2010Q3 us-gaap Net Income Loss
NetIncomeLoss
1093000000 USD
CY2010Q4 us-gaap Net Income Loss
NetIncomeLoss
1062000000 USD
CY2009Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
33743000000 USD
CY2010Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
37266000000 USD
CY2010Q4 us-gaap Other Assets
OtherAssets
15368000000 USD
CY2009Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
2114000000 USD
CY2010Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1802000000 USD
CY2009Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2192000000 USD
CY2010Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4172000000 USD
CY2010 us-gaap Restructuring And Related Cost Cost Incurred To Date
RestructuringAndRelatedCostCostIncurredToDate
694000000 USD
CY2008 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
434000000 USD
CY2010 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
96000000 USD
CY2010Q4 us-gaap Restructuring Reserve
RestructuringReserve
215000000 USD
CY2008 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
0 USD
CY2009 us-gaap Revenues
Revenues
24523000000 USD
CY2010 us-gaap Revenues
Revenues
27819000000 USD
CY2008 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
256000000 USD
CY2009 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
230000000 USD
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
287000000 USD
CY2008 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm
4.7 pure
CY2009 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm
4.8 pure
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm
6.2 pure
CY2008 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.19 pure
CY2009 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.36 pure
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.41 pure
CY2009Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
2344000000 USD
CY2010Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
3414000000 USD
CY2009Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.04 pure
CY2009Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.05 pure
CY2009Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.04 pure
CY2009Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.06 pure
CY2010 us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
357000000 USD

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