2010 Form 10-K Financial Statement
#000119312511047229 Filed on February 25, 2011
Income Statement
| Concept | 2010 | 2009 Q4 | 2009 Q3 |
|---|---|---|---|
| Revenue | $14.27B | $3.110B | $3.396B |
| YoY Change | 12.1% | -0.73% | -3.19% |
| Cost Of Revenue | $381.0M | $841.0M | $941.0M |
| YoY Change | -12.01% | -32.83% | 1106.41% |
| Gross Profit | $13.89B | $2.269B | $2.455B |
| YoY Change | 12.95% | 20.63% | -28.43% |
| Gross Profit Margin | 97.33% | 72.96% | 72.29% |
| Selling, General & Admin | |||
| YoY Change | |||
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $1.994B | $451.0M | $478.0M |
| YoY Change | 8.02% | 0.89% | -0.21% |
| % of Gross Profit | 14.35% | 19.88% | 19.47% |
| Operating Expenses | $10.86B | $1.672B | $1.609B |
| YoY Change | 12.33% | 19.94% | -41.98% |
| Operating Profit | $2.461B | $597.0M | $846.0M |
| YoY Change | -6.53% | 22.59% | 28.77% |
| Interest Expense | $840.0M | -$181.0M | -$176.0M |
| YoY Change | -296.26% | -6.7% | -33.33% |
| % of Operating Profit | 34.13% | -30.32% | -20.8% |
| Other Income/Expense, Net | $589.0M | $80.00M | $82.00M |
| YoY Change | 1800.0% | 60.0% | 148.48% |
| Pretax Income | $2.210B | $494.0M | $351.0M |
| YoY Change | 20.7% | 38.76% | 1.45% |
| Income Tax | $890.0M | $158.0M | $244.0M |
| % Of Pretax Income | 40.27% | 31.98% | 69.52% |
| Net Earnings | $1.320B | $346.0M | $109.0M |
| YoY Change | 22.79% | 4.53% | -49.3% |
| Net Earnings / Revenue | 9.25% | 11.13% | 3.21% |
| Basic Earnings Per Share | $3.00 | $0.26 | $0.08 |
| Diluted Earnings Per Share | $3.00 | $0.26 | $0.08 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 439.0M shares | ||
| Diluted Shares Outstanding | 440.0M shares |
Balance Sheet
| Concept | 2010 | 2009 Q4 | 2009 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.670B | $1.542B | $1.607B |
| YoY Change | 8.3% | 48.7% | -21.84% |
| Cash & Equivalents | $1.670B | $1.542B | $1.606B |
| Short-Term Investments | $0.00 | $1.000M | |
| Other Short-Term Assets | $1.169B | $968.0M | $1.299B |
| YoY Change | 20.76% | -33.15% | 27.98% |
| Inventory | $1.318B | $1.515B | $1.420B |
| Prepaid Expenses | |||
| Receivables | $2.066B | $1.741B | $1.489B |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $6.223B | $5.766B | $5.815B |
| YoY Change | 7.93% | 9.35% | -0.63% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $40.34B | $37.95B | $36.43B |
| YoY Change | 6.31% | 11.5% | 9.56% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $444.0M | $436.0M | $458.0M |
| YoY Change | 1.83% | -7.82% | -35.22% |
| Other Assets | $7.712B | $7.900B | $7.954B |
| YoY Change | -2.38% | 1.79% | 6.82% |
| Total Long-Term Assets | $52.87B | $51.27B | $49.96B |
| YoY Change | 3.11% | 7.26% | 6.48% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $6.223B | $5.766B | $5.815B |
| Total Long-Term Assets | $52.87B | $51.27B | $49.96B |
| Total Assets | $59.09B | $57.04B | $55.77B |
| YoY Change | 3.59% | 7.47% | 5.69% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.387B | $1.390B | $1.095B |
| YoY Change | -0.22% | -5.89% | -6.01% |
| Accrued Expenses | $649.0M | $650.0M | $627.0M |
| YoY Change | -0.15% | 18.4% | -6.42% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $216.0M | $0.00 | $279.0M |
| YoY Change | -100.0% | -69.03% | |
| Long-Term Debt Due | $275.0M | $902.0M | $743.0M |
| YoY Change | -69.51% | 39.63% | -43.84% |
| Total Short-Term Liabilities | $3.897B | $4.088B | $3.718B |
| YoY Change | -4.67% | -5.91% | -26.52% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $17.94B | $16.11B | $15.41B |
| YoY Change | 11.31% | 21.61% | 21.35% |
| Other Long-Term Liabilities | $7.268B | $9.028B | $8.941B |
| YoY Change | -19.49% | -0.42% | 8.07% |
| Total Long-Term Liabilities | $25.20B | $25.14B | $24.35B |
| YoY Change | 0.25% | 12.66% | 16.12% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $3.897B | $4.088B | $3.718B |
| Total Long-Term Liabilities | $25.20B | $25.14B | $24.35B |
| Total Liabilities | $36.57B | $35.29B | $34.17B |
| YoY Change | 3.62% | 9.98% | 8.67% |
| 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 | $22.52B | $21.75B | $21.61B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $59.09B | $57.04B | $55.77B |
| YoY Change | 3.59% | 7.47% | 5.69% |
Cashflow Statement
| Concept | 2010 | 2009 Q4 | 2009 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $1.320B | $346.0M | $109.0M |
| YoY Change | 22.79% | 4.53% | -49.3% |
| Depreciation, Depletion And Amortization | $1.994B | $451.0M | $478.0M |
| YoY Change | 8.02% | 0.89% | -0.21% |
| Cash From Operating Activities | $4.511B | $921.0M | $1.525B |
| YoY Change | 30.26% | 8.23% | 95.01% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $4.803B | -$1.272B | -$1.124B |
| YoY Change | -211.8% | 8.26% | 5.14% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$6.000M | $1.000M | $36.00M |
| YoY Change | -96.94% | -97.92% | -67.86% |
| Cash From Investing Activities | -$4.423B | -$1.271B | -$1.088B |
| YoY Change | -1.54% | 12.78% | 13.69% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | -$1.284B | ||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $288.0M | ||
| YoY Change | |||
| Debt Paid & Issued, Net | $1.647B | ||
| YoY Change | |||
| Cash From Financing Activities | 40.00M | 286.0M | 463.0M |
| YoY Change | -97.48% | -146.58% | -65.29% |
| NET CHANGE | |||
| Cash From Operating Activities | 4.511B | 921.0M | 1.525B |
| Cash From Investing Activities | -4.423B | -1.271B | -1.088B |
| Cash From Financing Activities | 40.00M | 286.0M | 463.0M |
| Net Change In Cash | 128.0M | -64.00M | 900.0M |
| YoY Change | -76.98% | -92.81% | -22.35% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $4.511B | $921.0M | $1.525B |
| Capital Expenditures | $4.803B | -$1.272B | -$1.124B |
| Free Cash Flow | -$292.0M | $2.193B | $2.649B |
| YoY Change | -103.76% | 8.24% | 43.11% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2008 | duk |
Composite Weighted Average Depreciation Rates
CompositeWeightedAverageDepreciationRates
|
0.031 | |
| CY2009 | duk |
Composite Weighted Average Depreciation Rates
CompositeWeightedAverageDepreciationRates
|
0.033 | |
| CY2010 | duk |
Composite Weighted Average Depreciation Rates
CompositeWeightedAverageDepreciationRates
|
0.032 | |
| CY2010 | duk |
Correction Of Prior Year Error
CorrectionOfPriorYearError
|
-1465000000 | |
| CY2009Q4 | duk |
Notes Payable And Commercial Paper
NotesPayableAndCommercialPaper
|
450000000 | |
| CY2008 | duk |
Other Comprehensive Income Net Actuarial Gains And Prior Service Cost Arising During Period Net Of Tax
OtherComprehensiveIncomeNetActuarialGainsAndPriorServiceCostArisingDuringPeriodNetOfTax
|
-280000000 | |
| CY2009 | duk |
Other Comprehensive Income Net Actuarial Gains And Prior Service Cost Arising During Period Net Of Tax
OtherComprehensiveIncomeNetActuarialGainsAndPriorServiceCostArisingDuringPeriodNetOfTax
|
-21000000 | |
| CY2008 | duk |
Reclassification Of Losses On Investments In Auction Rate Securities And Other Available For Sale Securities Into Earnings
ReclassificationOfLossesOnInvestmentsInAuctionRateSecuritiesAndOtherAvailableForSaleSecuritiesIntoEarnings
|
8000000 | |
| CY2008 | duk |
Unrealized Gain Loss On Investments In Auction Rate Securities
UnrealizedGainLossOnInvestmentsInAuctionRateSecurities
|
-28000000 | |
| CY2009 | duk |
Unrealized Gain Loss On Investments In Auction Rate Securities
UnrealizedGainLossOnInvestmentsInAuctionRateSecurities
|
-6000000 | |
| CY2010 | duk |
Unrealized Gain Loss On Investments In Auction Rate Securities
UnrealizedGainLossOnInvestmentsInAuctionRateSecurities
|
14000000 | |
| CY2010 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
97000000 | |
| CY2009Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
|
603000000 | |
| CY2010Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
|
440000000 | |
| CY2010Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
392000000 | |
| CY2009Q4 | us-gaap |
Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
|
4313000000 | |
| CY2009Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.27 | |
| CY2009 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.83 | |
| CY2009Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.21 | |
| CY2009Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.08 | |
| CY2009 | us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
70000000 | |
| CY2009Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.26 | |
| CY2010Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.34 | |
| CY2010Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.32 | |
| CY2008 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
-420000000 | |
| CY2008 | us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
-102000000 | |
| CY2010 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1 | |
| CY2010Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.17 | |
| CY2010Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.51 | |
| CY2010Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.32 | |
| CY2009Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.27 | |
| CY2009 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.83 | |
| CY2009Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.21 | |
| CY2009Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.08 | |
| CY2009Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.26 | |
| CY2010Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.34 | |
| CY2010 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1 | |
| CY2010Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.17 | |
| CY2010Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.51 | |
| CY2010 | us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
116000000 | |
| CY2009Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
3137000000 | |
| CY2008 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
|
3000000 | |
| CY2009 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
|
36000000 | |
| CY2010 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
|
276000000 | |
| CY2009 | us-gaap |
Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
|
-5000000 | |
| CY2008 | us-gaap |
Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
|
-3000000 | |
| CY2009 | us-gaap |
Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
|
-18000000 | |
| CY2010 | us-gaap |
Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
|
-3000000 | |
| CY2008 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
10000000 | |
| CY2009 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
1000000 | |
| CY2010 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
1000000 | |
| CY2008 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-10000000 | |
| CY2009 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
8000000 | |
| CY2008 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
43000000 | |
| CY2009 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
40000000 | |
| CY2010 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
67000000 | |
| CY2010 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.063 | |
| CY2010 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm
|
6.0 | |
| CY2010 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.204 | |
| CY2010 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.029 |
