2012 Q3 Form 10-Q Financial Statement

#000119312512432664 Filed on October 24, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3 2010 Q4
Revenue $3.736B $5.345B $5.111B
YoY Change -30.1% 11.4% 1.55%
Cost Of Revenue $987.0M $1.407B $1.414B
YoY Change -29.85% 9.92% -1.33%
Gross Profit $2.749B $3.938B $3.697B
YoY Change -30.19% 11.94% 2.69%
Gross Profit Margin 73.58% 73.68% 72.33%
Selling, General & Admin $1.071B $1.019B $1.271B
YoY Change 5.1% 14.24% -15.49%
% of Gross Profit 38.96% 25.88% 34.38%
Research & Development $951.0M $973.0M $1.000B
YoY Change -2.26% 18.08% -9.75%
% of Gross Profit 34.59% 24.71% 27.05%
Depreciation & Amortization $307.0M $254.0M $259.0M
YoY Change 20.87% 51.19% 30.15%
% of Gross Profit 11.17% 6.45% 7.01%
Operating Expenses $2.022B $1.992B $2.235B
YoY Change 1.51% 16.08% -14.17%
Operating Profit $727.0M $1.946B $1.462B
YoY Change -62.64% 7.99% 46.79%
Interest Expense $48.00M $40.00M $23.00M
YoY Change 20.0% 5.26% -77.23%
% of Operating Profit 6.6% 2.06% 1.57%
Other Income/Expense, Net $11.00M $26.00M
YoY Change -57.69% 160.0%
Pretax Income -$1.259B $1.830B $1.413B
YoY Change -168.8% 13.38% 7.05%
Income Tax -$546.0M $475.0M $571.0M
% Of Pretax Income 25.96% 40.41%
Net Earnings -$711.0M $969.0M $483.0M
YoY Change -173.37% 2.11% -93.95%
Net Earnings / Revenue -19.03% 18.13% 9.45%
Basic Earnings Per Share -$0.43 $0.57 $0.28
Diluted Earnings Per Share -$0.43 $0.56 $0.28
COMMON SHARES
Basic Shares Outstanding 1.666B shares 1.698B shares
Diluted Shares Outstanding 1.666B shares 1.715B shares

Balance Sheet

Concept 2012 Q3 2011 Q3 2010 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.628B $8.193B $7.301B
YoY Change -19.1% -1.99% -14.25%
Cash & Equivalents $1.503B $4.471B $5.033B
Short-Term Investments $5.125B $3.722B $2.268B
Other Short-Term Assets $1.964B $1.903B $1.511B
YoY Change 3.21% 23.73% 55.77%
Inventory $1.697B $1.357B $1.204B
Prepaid Expenses $423.0M $356.0M $252.0M
Receivables $1.734B $2.181B $1.985B
Other Receivables $953.0M $1.235B $1.272B
Total Short-Term Assets $9.278B $14.87B $13.27B
YoY Change -37.6% 3.43% -4.91%
LONG-TERM ASSETS
Property, Plant & Equipment $5.297B $4.492B $4.664B
YoY Change 17.92% -4.89% -7.73%
Goodwill $7.498B $5.564B $5.233B
YoY Change 34.76% 0.29%
Intangibles $9.217B $3.196B $3.370B
YoY Change 188.39%
Long-Term Investments $3.698B $2.819B $2.681B
YoY Change 31.18% 10.03% 95.84%
Other Assets $877.0M $741.0M $1.005B
YoY Change 18.35% -67.59% -60.48%
Total Long-Term Assets $26.77B $17.15B $17.80B
YoY Change 56.12% -2.08% 4.42%
TOTAL ASSETS
Total Short-Term Assets $9.278B $14.87B $13.27B
Total Long-Term Assets $26.77B $17.15B $17.80B
Total Assets $36.04B $32.01B $31.08B
YoY Change 12.59% 0.4% 0.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.085B $2.292B $1.983B
YoY Change -9.03% 32.87% 15.9%
Accrued Expenses $2.759B $2.699B $2.740B
YoY Change 2.22% -21.2% -19.58%
Deferred Revenue
YoY Change
Short-Term Debt $751.0M $182.0M $117.0M
YoY Change 312.64%
Long-Term Debt Due $619.0M $182.0M $117.0M
YoY Change 240.11% -25.1% -49.35%
Total Short-Term Liabilities $8.195B $7.313B $6.739B
YoY Change 12.06% 16.37% 6.75%
LONG-TERM LIABILITIES
Long-Term Debt $6.608B $5.437B $5.328B
YoY Change 21.54% -16.08% -13.08%
Other Long-Term Liabilities $464.0M $467.0M $424.0M
YoY Change -0.64% -85.7% -88.78%
Total Long-Term Liabilities $7.072B $5.904B $5.752B
YoY Change 19.78% -39.41% -41.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.195B $7.313B $6.739B
Total Long-Term Liabilities $7.072B $5.904B $5.752B
Total Liabilities $22.14B $15.58B $15.44B
YoY Change 42.15% -2.12% -4.5%
SHAREHOLDERS EQUITY
Retained Earnings $32.38B $32.80B $31.64B
YoY Change -1.27% 3.39% 2.85%
Common Stock $221.0M $220.0M $220.0M
YoY Change 0.45% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $18.48B $17.39B $17.45B
YoY Change 6.25% 0.53% 0.52%
Treasury Stock Shares 558.0M shares 511.0M shares 501.0M shares
Shareholders Equity $13.90B $16.57B $15.71B
YoY Change
Total Liabilities & Shareholders Equity $36.04B $32.01B $31.08B
YoY Change 12.59% 0.4% 0.22%

Cashflow Statement

Concept 2012 Q3 2011 Q3 2010 Q4
OPERATING ACTIVITIES
Net Income -$711.0M $969.0M $483.0M
YoY Change -173.37% 2.11% -93.95%
Depreciation, Depletion And Amortization $307.0M $254.0M $259.0M
YoY Change 20.87% 51.19% 30.15%
Cash From Operating Activities $4.584B $1.698B $1.595B
YoY Change 169.96% 22.78% 18.68%
INVESTING ACTIVITIES
Capital Expenditures -$137.0M -$84.00M -$125.0M
YoY Change 63.1% -5.62% -36.22%
Acquisitions
YoY Change
Other Investing Activities -$4.066B -$79.00M -$2.354B
YoY Change 5046.84% -107.62% 183.27%
Cash From Investing Activities -$4.203B -$163.0M -$2.479B
YoY Change 2478.53% -117.19% 141.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.689B -704.0M -1.664B
YoY Change 139.91% 0.86% -267.4%
NET CHANGE
Cash From Operating Activities 4.584B 1.698B 1.595B
Cash From Investing Activities -4.203B -163.0M -2.479B
Cash From Financing Activities -1.689B -704.0M -1.664B
Net Change In Cash -1.308B 831.0M -2.548B
YoY Change -257.4% -49.11% -294.36%
FREE CASH FLOW
Cash From Operating Activities $4.584B $1.698B $1.595B
Capital Expenditures -$137.0M -$84.00M -$125.0M
Free Cash Flow $4.721B $1.782B $1.720B
YoY Change 164.93% 21.06% 11.69%

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us-gaap Depreciation
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us-gaap Depreciation
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us-gaap Capitalized Computer Software Additions
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bmy Other Intangible Asset Transactions
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us-gaap Amortization Of Intangible Assets
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bmy Other Intangible Assets Acquired During Period
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us-gaap Capitalized Computer Software Additions
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CY2010Q4 bmy Other Intangible Assets Balance
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CY2012Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
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CY2012Q3 bmy Finite Lived Intangible Assets Amortization Expense Expected Current Year
FiniteLivedIntangibleAssetsAmortizationExpenseExpectedCurrentYear
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CY2012Q3 us-gaap Sale Leaseback Transaction Deferred Gain Net
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CY2011Q3 us-gaap Common Stock Value
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us-gaap Deferred Revenue Revenue Recognized
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us-gaap Deferred Revenue Revenue Recognized
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CY2012Q3 bmy Deferred Upfront And Milestone Payments
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CY2011Q4 us-gaap Deferred Revenue
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CY2012Q3 us-gaap Deferred Revenue
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CY2010Q4 us-gaap Shares Issued
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CY2011Q4 us-gaap Shares Issued
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CY2012Q3 us-gaap Shares Issued
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CY2011Q3 us-gaap Shares Issued
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us-gaap Treasury Stock Shares Acquired
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us-gaap Treasury Stock Shares Acquired
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30000000 shares
CY2010Q4 us-gaap Minority Interest
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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765000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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1842000000 USD
bmy Net Earnings Noncontrolling Interest
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1781000000 USD
bmy Net Earnings Noncontrolling Interest
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CY2010Q4 us-gaap Additional Paid In Capital
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bmy Change In Additional Paid In Capital Related To Share Based Compensation Expense And Treasury Stock Issuance
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bmy Change In Additional Paid In Capital Related To Share Based Compensation Expense And Treasury Stock Issuance
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CY2011Q3 us-gaap Additional Paid In Capital
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us-gaap Treasury Stock Value Acquired Cost Method
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us-gaap Treasury Stock Value Acquired Cost Method
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us-gaap Dividends Common Stock Cash
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CY2011Q3 bmy Income Tax Expense Noncontrolling Interest
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bmy Income Tax Expense Noncontrolling Interest
IncomeTaxExpenseNoncontrollingInterest
318000000 USD
bmy Income Tax Expense Noncontrolling Interest
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CY2012Q3 bmy Income Tax Benefit Noncontrolling Interest
IncomeTaxBenefitNoncontrollingInterest
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bmy Stock Repurchase Program Authorized Increase Amount
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CY2010Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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34000000 USD
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us-gaap Allocated Share Based Compensation Expense
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