2013 Q4 Form 10-K Financial Statement

#000104746914001489 Filed on February 27, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $552.1M $439.0M $454.9M
YoY Change 6.73% -1.97% 8.13%
Cost Of Revenue $316.2M $245.8M $253.3M
YoY Change 14.73% 3.41% 8.95%
Gross Profit $235.9M $193.2M $201.6M
YoY Change -2.4% -8.04% 7.41%
Gross Profit Margin 42.73% 44.01% 44.32%
Selling, General & Admin $119.1M $105.7M $107.1M
YoY Change -6.15% 3.22% -3.16%
% of Gross Profit 50.49% 54.71% 53.13%
Research & Development $49.10M $45.50M $46.50M
YoY Change -2.39% 1.34% -10.4%
% of Gross Profit 20.81% 23.55% 23.07%
Depreciation & Amortization $15.90M $15.20M $15.00M
YoY Change -4.22% 9.35% 0.0%
% of Gross Profit 6.74% 7.87% 7.44%
Operating Expenses $168.2M $161.7M $158.1M
YoY Change -5.29% 7.94% -4.82%
Operating Profit $61.00M $31.50M $43.50M
YoY Change 55.61% -47.76% 96.83%
Interest Expense -$6.600M $3.200M $3.100M
YoY Change 13.79% -5.88% -11.43%
% of Operating Profit -10.82% 10.16% 7.13%
Other Income/Expense, Net -$600.0K -$4.700M -$7.800M
YoY Change -154.55% 74.07% 178.57%
Pretax Income $53.80M $26.80M $35.70M
YoY Change 55.94% -53.47% 84.97%
Income Tax $17.90M $9.900M $12.40M
% Of Pretax Income 33.27% 36.94% 34.73%
Net Earnings $35.20M $16.60M $22.90M
YoY Change 175.0% -58.19% 131.31%
Net Earnings / Revenue 6.38% 3.78% 5.03%
Basic Earnings Per Share $0.21 $0.10 $0.14
Diluted Earnings Per Share $0.21 $0.10 $0.14
COMMON SHARES
Basic Shares Outstanding 167.6M shares 167.0M shares 166.8M shares
Diluted Shares Outstanding 168.7M shares 168.4M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $438.7M $306.8M $250.9M
YoY Change 41.24% 26.72% 4.41%
Cash & Equivalents $438.7M $306.8M $250.9M
Short-Term Investments
Other Short-Term Assets $95.80M $136.4M $110.6M
YoY Change 3.57% 29.66% 7.69%
Inventory $589.8M $632.0M $601.8M
Prepaid Expenses
Receivables $307.6M $297.7M $300.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.432B $1.373B $1.264B
YoY Change 9.33% 10.28% 4.27%
LONG-TERM ASSETS
Property, Plant & Equipment $299.5M $297.4M $287.8M
YoY Change 5.61% 9.14% 11.08%
Goodwill $127.4M $115.6M
YoY Change 9.92% 5.28%
Intangibles $105.6M $106.1M
YoY Change -9.74% -23.39%
Long-Term Investments
YoY Change
Other Assets $5.200M
YoY Change -58.73%
Total Long-Term Assets $556.4M $563.3M $538.0M
YoY Change 1.77% 1.48% 0.0%
TOTAL ASSETS
Total Short-Term Assets $1.432B $1.373B $1.264B
Total Long-Term Assets $556.4M $563.3M $538.0M
Total Assets $1.988B $1.936B $1.802B
YoY Change 7.11% 7.57% 2.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $74.80M $82.90M $69.50M
YoY Change 7.47% 6.28% -10.21%
Accrued Expenses $172.9M
YoY Change 4.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $700.0K $1.000M $1.100M
YoY Change -46.15% -97.43% -98.58%
Total Short-Term Liabilities $648.6M $646.8M $602.8M
YoY Change -4.87% -5.78% -19.83%
LONG-TERM LIABILITIES
Long-Term Debt $354.3M $354.7M $335.4M
YoY Change 5.48% 19.03% 37.85%
Other Long-Term Liabilities $135.2M $154.1M $140.9M
YoY Change 514.55% 28.63% 24.36%
Total Long-Term Liabilities $135.2M $154.1M $476.3M
YoY Change 514.55% 28.63% 33.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $648.6M $646.8M $602.8M
Total Long-Term Liabilities $135.2M $154.1M $476.3M
Total Liabilities $783.8M $800.9M $1.083B
YoY Change 11.37% -0.67% -2.56%
SHAREHOLDERS EQUITY
Retained Earnings $599.1M
YoY Change 15.43%
Common Stock $63.50M
YoY Change 31.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $600.0K $600.0K
YoY Change 200.0% 200.0%
Treasury Stock Shares 39.84K shares 39.84K shares 32.65K shares
Shareholders Equity $846.1M $777.1M $718.9M
YoY Change
Total Liabilities & Shareholders Equity $1.988B $1.936B $1.802B
YoY Change 7.11% 7.57% 2.95%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income $35.20M $16.60M $22.90M
YoY Change 175.0% -58.19% 131.31%
Depreciation, Depletion And Amortization $15.90M $15.20M $15.00M
YoY Change -4.22% 9.35% 0.0%
Cash From Operating Activities $131.4M $38.50M -$6.700M
YoY Change 44.55% 12733.33% -118.06%
INVESTING ACTIVITIES
Capital Expenditures -$9.000M -$10.20M -$16.50M
YoY Change -60.87% -47.42% -12.23%
Acquisitions
YoY Change
Other Investing Activities $600.0K -$9.300M -$1.300M
YoY Change -113.33% -326.83% -244.44%
Cash From Investing Activities -$8.400M -$19.50M -$17.80M
YoY Change -69.45% 27.45% -0.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.700M 22.10M 2.400M
YoY Change 41.67% 40.76% -11.11%
NET CHANGE
Cash From Operating Activities 131.4M 38.50M -6.700M
Cash From Investing Activities -8.400M -19.50M -17.80M
Cash From Financing Activities 1.700M 22.10M 2.400M
Net Change In Cash 124.7M 41.10M -22.10M
YoY Change 93.03% 5771.43% -200.91%
FREE CASH FLOW
Cash From Operating Activities $131.4M $38.50M -$6.700M
Capital Expenditures -$9.000M -$10.20M -$16.50M
Free Cash Flow $140.4M $48.70M $9.800M
YoY Change 23.27% 147.21% -82.47%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013 us-gaap Nature Of Operations
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Note&#160;1&#8212;Description of Business</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Bruker Corporation, together with its consolidated subsidiaries ("Bruker" or the "Company"), is a designer and manufacturer of proprietary life science and materials research systems and associated products that address the rapidly evolving needs of a diverse array of customers in life science, pharmaceutical, biotechnology, clinical and molecular diagnostics research, and materials and chemical analysis in various industries and government applications.</font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company has two reporting segments,</font> <font size="2"><i>Bruker Scientific Instruments (BSI)</i></font><font size="2">, which represents approximately 93% of the Company's revenues during the year ended December&#160;31, 2013, and</font> <font size="2"><i>Energy&#160;&amp; Supercon Technologies (BEST)</i></font><font size="2">, which represents the remainder of the business. Within BSI, the Company is organized into three operating segments: the Bruker BioSpin Group, the Bruker CALID Group and the Bruker MAT Group. For financial reporting purposes, the Bruker BioSpin, Bruker CALID and Bruker MAT operating segments are aggregated into the BSI reporting segment because each has similar economic characteristics, production processes, service offerings, types and classes of customers, methods of distribution and regulatory environments.</font></p> <ul> <li style="list-style: none;"> <p style="FONT-FAMILY: times;"><font size="2"><i>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Bruker BioSpin</i></font><font size="2">&#8212; Bruker BioSpin designs, manufactures and distributes enabling life science tools based on magnetic resonance and preclinical imaging technologies. Bruker BioSpin's Magnetic Resonance division sells various systems utilizing magnetic resonance technology, including magnetic resonance imaging (MRI) systems, nuclear magnetic resonance systems (NMR), and electron paramagnetic resonance systems (EPR) as well as OEM MRI magnets to medical device manufacturers. Bruker BioSpin's preclinical imaging division sells single and multiple modality systems using MRI, position emission tomography (PET), single photon emission tomography (SPECT), computed tomography (CT), magnetic particle imaging (MPI) and optical imaging (fluorescence and bioluminescence) technologies to preclinical markets.</font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Bruker CALID (Chemicals, Applied Markets, Life Science, In-Vitro Diagnostics, Detection)&#8212;</i></font> <font size="2">Bruker CALID designs, manufactures and distributes life science mass spectrometry instruments that can be integrated and used along with other sample preparation or chromatography instruments, as well as Chemical, Biological, Radiological, Nuclear and Explosive (CBRNE) detection products and instruments based on Raman molecular spectroscopy technologies. Bruker CALID's mass spectrometry units are typically used in applications of expression proteomics, clinical proteomics, metabolic and peptide biomarker profiling, drug discovery and development, molecular diagnostics research, molecular and systems biology, and basic molecular medicine research and clinical microbiology (for research use only outside the European Union).</font></p> <p style="FONT-FAMILY: times;"><font size="2"><i>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Bruker MAT (Materials)</i></font><font size="2">&#8212; Bruker MAT designs, manufactures and distributes spectroscopy and microscopy instruments for the understanding of composition and structure in material science and life science samples. The instruments are based on advanced technologies in X-ray fluorescence spectroscopy (XRF), X-ray diffraction (XRD), X-ray micro computed tomography (<font style="FONT-FAMILY: SYMBOL;">m</font>CT), atomic force microscopy (AFM), stylus and optical metrology (SOM), fluorescence microscopy (FM), analytical tools for electron microscopes, handheld, portable, and mobile X-ray fluorescence, and spark optical emission spectroscopy systems.</font></p></li></ul> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company's BEST reporting segment develops and manufactures superconducting and non-superconducting materials and devices for use in renewable energy, energy infrastructure, healthcare and "big science" research. The segment focuses on metallic low temperature superconductors for use in magnetic resonance imaging, nuclear magnetic resonance, fusion energy research and other applications, and ceramic high temperature superconductors primarily for energy grid and magnet applications.</font></p> </div>
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CY2012 us-gaap Gain Loss On Sale Of Business
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2200000 USD
CY2012 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4900000 USD
CY2011 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1200000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1600000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
52800000 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
49500000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
103300000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4600000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
23400000 USD
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-2400000 USD
CY2011 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-800000 USD
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-4400000 USD
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
17400000 USD
CY2012 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-4600000 USD
CY2011 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
31300000 USD
CY2012 us-gaap Increase Decrease In Other Operating Capital Net
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3600000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
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61600000 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
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3300000 USD
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
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7200000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-93200000 USD
CY2011 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
8700000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
133100000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
87700000 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
27000000 USD
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
14300000 USD
CY2012 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
3300000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
72800000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-68700000 USD
CY2012 us-gaap Repayments Of Short Term Debt
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216500000 USD
CY2012 us-gaap Proceeds From Short Term Debt
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93000000 USD
CY2011 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
30700000 USD
CY2012 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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240000000 USD
CY2012 us-gaap Repayments Of Long Term Debt
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83200000 USD
CY2011 us-gaap Repayments Of Long Term Debt
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29300000 USD
CY2012 us-gaap Payments Of Financing Costs
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1400000 USD
CY2011 us-gaap Payments Of Financing Costs
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1300000 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
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4500000 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3300000 USD
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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200000 USD
CY2012 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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-1400000 USD
CY2011 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
100000 USD
CY2012 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
600000 USD
CY2011 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
400000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
34400000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
3300000 USD
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-9700000 USD
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-6700000 USD
CY2012 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
64600000 USD
CY2011 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
15600000 USD
CY2012 us-gaap Interest Paid
InterestPaid
10100000 USD
CY2011 us-gaap Interest Paid
InterestPaid
6700000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
79900000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
69700000 USD
CY2011 us-gaap Stock Issued1
StockIssued1
2900000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
145000000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-60000000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
26500000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
16600000 USD
CY2013 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
128100000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
84300000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
246000000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
310600000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
230400000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
3700000 USD
CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
600000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
4600000 USD
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
200000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
527400000 USD
CY2011 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
2900000 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4500000 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3400000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7800000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2100000 USD
CY2012 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
600000 USD
CY2011 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1000000 USD
CY2013 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
600000 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7900000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6600000 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
200000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3700000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5100000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9900000 USD
CY2013 us-gaap Use Of Estimates
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Use of Estimates</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period.</font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Significant estimates and judgments made by management in preparing these financial statements include revenue recognition, allowances for doubtful accounts, writedowns for excess and obsolete inventory, estimated fair values used to record impairment charges related to intangible assets, goodwill, and other long-lived assets, amortization periods, expected future cash flows used to evaluate the recoverability of long-lived assets, stock-based compensation expense, warranty allowances, restructuring and other related charges, contingent liabilities and the recoverability of the Company's net deferred tax assets.</font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Although the Company regularly reassesses the assumptions underlying these estimates, actual results could differ materially from these estimates. Changes in estimates are recorded in the period in which they become known. The Company bases its estimates on historical experience and various other assumptions that it believes to be reasonable under the circumstances. Actual results may differ from management's estimates if these results differ from historical experience or other assumptions prove not to be substantially accurate, even if such assumptions are reasonable when made.</font></p> </div>
CY2013 brkr Cash And Cash Equivalents Original Maturity Period Maximum
CashAndCashEquivalentsOriginalMaturityPeriodMaximum
P3M
CY2013 brkr Time Deposits Maturity Period Maximum
TimeDepositsMaturityPeriodMaximum
P3M
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
4000000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
3900000 USD
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1400000 shares
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1500000 shares
CY2013 brkr Restricted Cash Current Maximum Period Until Release
RestrictedCashCurrentMaximumPeriodUntilRelease
P1Y
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6700000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7600000 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7900000 USD
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7900000 USD
CY2013 brkr Inventory Adjustment Usage Period
InventoryAdjustmentUsagePeriod
P12M
CY2013 brkr Product Warranty Term
ProductWarrantyTerm
P1Y
CY2012 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
30500000 USD
CY2011 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
28700000 USD
CY2012 us-gaap Advertising Expense
AdvertisingExpense
7500000 USD
CY2011 us-gaap Advertising Expense
AdvertisingExpense
8100000 USD
CY2013 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
26700000 USD
CY2013 us-gaap Advertising Expense
AdvertisingExpense
9600000 USD
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
166500000 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
168500000 shares
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2012Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
297200000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
643000000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
699200000 USD
CY2012 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1400000 USD
CY2013Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
315500000 USD
CY2013Q4 us-gaap Accounts Receivable Net Current
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307600000 USD
CY2012Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
199000000 USD
CY2013Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
189700000 USD
CY2012Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
197000000 USD
CY2013Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
196500000 USD
CY2012Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
160500000 USD
CY2013Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
155300000 USD
CY2012Q4 us-gaap Other Inventory Demo
OtherInventoryDemo
55000000 USD
CY2013Q4 us-gaap Other Inventory Demo
OtherInventoryDemo
48300000 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
589800000 USD
CY2012Q4 us-gaap Other Inventory In Transit
OtherInventoryInTransit
93900000 USD
CY2013Q4 us-gaap Other Inventory In Transit
OtherInventoryInTransit
81900000 USD
CY2012 brkr Demonstration Inventory Write Down
DemonstrationInventoryWriteDown
31500000 USD
CY2011 brkr Demonstration Inventory Write Down
DemonstrationInventoryWriteDown
30000000 USD
CY2013 brkr Demonstration Inventory Write Down
DemonstrationInventoryWriteDown
32700000 USD
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
359400000 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
399700000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
299500000 USD
CY2012 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
6000000 USD
CY2012 us-gaap Depreciation
Depreciation
37100000 USD
CY2011 us-gaap Depreciation
Depreciation
34800000 USD
CY2013 us-gaap Depreciation
Depreciation
40500000 USD
CY2011Q4 us-gaap Goodwill
Goodwill
100200000 USD
CY2012 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
10500000 USD
CY2012 us-gaap Goodwill Other Changes
GoodwillOtherChanges
-6100000 USD
CY2012 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
500000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
127400000 USD
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
9200000 USD
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2013 us-gaap Goodwill Other Changes
GoodwillOtherChanges
-800000 USD
CY2013 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
1500000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
167000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
55700000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
111300000 USD
CY2012Q4 brkr Intangible Assets Excluding Goodwill Gross
IntangibleAssetsExcludingGoodwillGross
172700000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
176100000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
76200000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
99900000 USD
CY2013Q4 brkr Intangible Assets Excluding Goodwill Gross
IntangibleAssetsExcludingGoodwillGross
181800000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
105600000 USD
CY2012 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
16400000 USD
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18100000 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
22000000 USD
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20800000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
21000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
21000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
20500000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
20100000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
12900000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
4400000 USD
CY2012Q4 us-gaap Deferred Revenue Current
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82500000 USD
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
85100000 USD
CY2012Q4 us-gaap Accrued Income Taxes Current
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60900000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
500000 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
79800000 USD
CY2013Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
88100000 USD
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
88000000 USD
CY2013Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
9500000 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
600000 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
84900000 USD
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
297800000 USD
CY2011Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
27900000 USD
CY2012Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
27900000 USD
CY2013Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
26700000 USD
CY2012 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
15700000 USD
CY2012 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
15900000 USD
CY2012 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
200000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Unrealized Currency Transaction Gains
DeferredTaxLiabilitiesUnrealizedCurrencyTransactionGains
4200000 USD
CY2013 us-gaap Defined Benefit Plan Curtailments
DefinedBenefitPlanCurtailments
500000 USD
CY2012Q4 us-gaap Long Term Debt
LongTermDebt
337200000 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
355000000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
700000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
354300000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
700000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
700000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
20100000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
220200000 USD
CY2013Q4 brkr Long Term Debt And Capital Lease Obligations Excluding United States Dollar Revolving Loan
LongTermDebtAndCapitalLeaseObligationsExcludingUnitedStatesDollarRevolvingLoan
355000000 USD
CY2013 us-gaap Interest Expense Debt
InterestExpenseDebt
13400000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
100000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
113200000 USD
CY2012 us-gaap Interest Expense Debt
InterestExpenseDebt
14300000 USD
CY2011 us-gaap Interest Expense Debt
InterestExpenseDebt
7300000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
9700000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
86100000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
18700000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5200000 USD
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
74800000 USD
CY2013Q4 us-gaap Customer Advances Current
CustomerAdvancesCurrent
258600000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
16700000 USD
CY2013Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
33700000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
22600000 USD
CY2013Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
40500000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
38400000 USD
CY2013Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
1700000 USD
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
600000 USD
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
63500000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
599100000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
4100000 USD
CY2013Q4 brkr Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationExpectedLongTermReturnOnAssets
0.030 pure
CY2013 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1611400000 USD
CY2013 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
219300000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-11600000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-25300000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-42400000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
149900000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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4500000 USD
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7400000 USD
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4600000 USD
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3600000 USD
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500000 USD
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700000 USD
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7100000 USD
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2500000 USD
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2000000 USD
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3800000 USD
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3800000 USD
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4000000 USD
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4100000 USD
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7600000 USD
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5000000 USD
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6600000 USD
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20400000 USD
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183100000 USD
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4600000 USD
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5500000 USD
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4800000 USD
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3400000 USD
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3700000 USD
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3800000 USD
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4500000 USD
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4400000 USD
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10800000 USD
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1600000 USD
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40500000 USD
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60000000 USD
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20300000 USD
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41100000 USD
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CY2013Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
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CY2012Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
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100000 USD
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CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
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4000000 USD
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4600000 USD
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
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4800000 USD
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
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5300000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
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5300000 USD
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4600000 USD
CY2011 us-gaap Defined Contribution Plan Cost Recognized
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3700000 USD
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1300000 USD
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1100000 USD
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2300000 USD
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9200000 USD
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182400000 USD
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42300000 USD
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CY2013 brkr Other Comprehensive Income Reclassification Adjustment Included In Net Income Net Of Tax
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4600000 USD
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1400000 USD
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19500000 USD
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2100000 USD
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500000 USD
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500000 USD
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17300000 USD
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500000 USD
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2500000 USD
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200000 USD
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3000000 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.001 pure

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