2011 Q1 Form 10-K Financial Statement
#000104746912006353 Filed on May 29, 2012
Income Statement
| Concept | 2011 Q1 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| Revenue | $6.789B | $7.771B | $6.566B |
| YoY Change | 14.29% | 18.53% | 13.54% |
| Cost Of Revenue | $6.240B | $7.025B | $6.195B |
| YoY Change | 11.42% | 13.79% | 12.5% |
| Gross Profit | $379.5M | $434.9M | $370.2M |
| YoY Change | 11.88% | 16.57% | 65.26% |
| Gross Profit Margin | 5.59% | 5.6% | 5.64% |
| Selling, General & Admin | $192.0M | $199.0M | $195.7M |
| YoY Change | 4.58% | -3.22% | -2.96% |
| % of Gross Profit | 50.6% | 45.76% | 52.87% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $119.6M | $119.2M | $93.50M |
| YoY Change | -1.24% | -43.08% | -1.06% |
| % of Gross Profit | 31.52% | 27.41% | 25.26% |
| Operating Expenses | $202.0M | $220.4M | $195.7M |
| YoY Change | -6.57% | 7.19% | -2.96% |
| Operating Profit | $177.5M | $214.5M | $174.5M |
| YoY Change | 44.29% | 28.1% | 682.24% |
| Interest Expense | -$6.800M | -$22.80M | $31.30M |
| YoY Change | -81.67% | -40.16% | -32.25% |
| % of Operating Profit | -3.83% | -10.63% | 17.94% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $172.5M | $154.4M | $129.6M |
| YoY Change | 162.96% | 46.66% | -181.99% |
| Income Tax | $21.10M | $10.00M | $11.40M |
| % Of Pretax Income | 12.23% | 6.48% | 8.8% |
| Net Earnings | $135.3M | $144.4M | $118.2M |
| YoY Change | 125.12% | 55.49% | -176.72% |
| Net Earnings / Revenue | 1.99% | 1.86% | 1.8% |
| Basic Earnings Per Share | $0.15 | ||
| Diluted Earnings Per Share | $174.4K | $184.1K | $0.14 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 776.4M | 810.6M | |
| Diluted Shares Outstanding | 776.6M | 824.0M |
Balance Sheet
| Concept | 2011 Q1 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.748B | $1.788B | $1.731B |
| YoY Change | -9.34% | -9.05% | 3.22% |
| Cash & Equivalents | $1.748B | $1.788B | $1.731B |
| Short-Term Investments | $376.0M | ||
| Other Short-Term Assets | $1.217B | $965.0M | $715.2M |
| YoY Change | 62.77% | 9.86% | -1.05% |
| Inventory | $3.517B | $3.639B | $3.321B |
| Prepaid Expenses | |||
| Receivables | $2.572B | $2.978B | $2.874B |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $9.054B | $9.370B | $8.641B |
| YoY Change | 13.32% | 12.64% | 21.06% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $2.084B | $2.176B | $2.149B |
| YoY Change | -1.63% | 1.71% | -3.49% |
| Goodwill | $93.21M | $83.33M | |
| YoY Change | 10.49% | ||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $33.00M | ||
| YoY Change | |||
| Other Assets | $282.0M | $203.0M | $270.6M |
| YoY Change | 0.98% | -25.42% | -63.26% |
| Total Long-Term Assets | $2.579B | $2.640B | $2.655B |
| YoY Change | -2.77% | -1.45% | -18.7% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $9.054B | $9.370B | $8.641B |
| Total Long-Term Assets | $2.579B | $2.640B | $2.655B |
| Total Assets | $11.63B | $12.01B | $11.30B |
| YoY Change | 9.31% | 9.2% | 8.58% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $5.003B | $5.714B | $4.920B |
| YoY Change | 12.48% | 29.03% | 35.48% |
| Accrued Expenses | $377.0M | $379.0M | $342.0M |
| YoY Change | 8.65% | 12.46% | 6.21% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Long-Term Debt Due | $21.00M | $20.00M | -$414.6M |
| YoY Change | -107.9% | ||
| Total Short-Term Liabilities | $6.829B | $7.490B | $7.064B |
| YoY Change | 7.59% | 15.35% | 21.56% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $2.199B | $2.213B | $1.978B |
| YoY Change | 10.56% | -3.78% | -21.96% |
| Other Long-Term Liabilities | $310.0M | $287.0M | $281.7M |
| YoY Change | -3.28% | -6.7% | -9.81% |
| Total Long-Term Liabilities | $2.509B | $2.500B | $2.259B |
| YoY Change | 8.64% | 712.73% | 623.38% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $6.829B | $7.490B | $7.064B |
| Total Long-Term Liabilities | $2.509B | $2.500B | $2.259B |
| Total Liabilities | $9.338B | $9.990B | $9.323B |
| YoY Change | 7.87% | 46.89% | 52.26% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$6.547B | ||
| YoY Change | -4.25% | ||
| Common Stock | $8.941B | ||
| YoY Change | 0.7% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $395.9M | ||
| YoY Change | 52.23% | ||
| Treasury Stock Shares | $51.68M | ||
| Shareholders Equity | $2.295B | $2.020B | $1.971B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $11.63B | $12.01B | $11.30B |
| YoY Change | 9.31% | 9.2% | 8.58% |
Cashflow Statement
| Concept | 2011 Q1 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $135.3M | $144.4M | $118.2M |
| YoY Change | 125.12% | 55.49% | -176.72% |
| Depreciation, Depletion And Amortization | $119.6M | $119.2M | $93.50M |
| YoY Change | -1.24% | -43.08% | -1.06% |
| Cash From Operating Activities | $274.5M | $508.7M | $88.76M |
| YoY Change | 457.93% | 63.31% | -16.94% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$69.80M | -$154.2M | -$119.0M |
| YoY Change | 24.42% | 270.67% | 208.29% |
| Acquisitions | $477.0K | ||
| YoY Change | -94.49% | ||
| Other Investing Activities | -$20.30M | $47.00M | $15.10M |
| YoY Change | 120.65% | -76.85% | -322.06% |
| Cash From Investing Activities | -$90.10M | -$107.2M | -$103.9M |
| YoY Change | 37.98% | -166.38% | 128.82% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $102.7M | ||
| YoY Change | 9522.49% | ||
| Debt Paid & Issued, Net | $589.5M | ||
| YoY Change | -25.19% | ||
| Cash From Financing Activities | -35.50M | -358.4M | -186.9M |
| YoY Change | -88.28% | 81.65% | -10.17% |
| NET CHANGE | |||
| Cash From Operating Activities | 274.5M | 508.7M | 88.76M |
| Cash From Investing Activities | -90.10M | -107.2M | -103.9M |
| Cash From Financing Activities | -35.50M | -358.4M | -186.9M |
| Net Change In Cash | 148.9M | 43.10M | -202.0M |
| YoY Change | -146.69% | -84.37% | 37.85% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $274.5M | $508.7M | $88.76M |
| Capital Expenditures | -$69.80M | -$154.2M | -$119.0M |
| Free Cash Flow | $344.3M | $662.9M | $207.8M |
| YoY Change | 226.97% | 87.74% | 42.83% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
13388000 | |
| CY2012Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
39279000 | |
| CY2012 | us-gaap |
Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
|
4439000 | |
| CY2011 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
7119000 | |
| CY2011 | us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
1170000 | |
| CY2012 | us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
601000 | |
| CY2010Q3 | us-gaap |
Gross Profit
GrossProfit
|
370181000 | |
| CY2010Q4 | us-gaap |
Gross Profit
GrossProfit
|
401427000 | |
| CY2010Q4 | us-gaap |
Gross Profit
GrossProfit
|
434880000 | |
| CY2011Q1 | us-gaap |
Gross Profit
GrossProfit
|
379481000 | |
| CY2011Q3 | us-gaap |
Gross Profit
GrossProfit
|
400778000 | |
| CY2011Q3 | us-gaap |
Gross Profit
GrossProfit
|
372577000 | |
| CY2012 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
8607000 | |
| CY2011Q4 | us-gaap |
Gross Profit
GrossProfit
|
385179000 | |
| CY2012Q1 | us-gaap |
Gross Profit
GrossProfit
|
358807000 | |
| CY2010 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
9435000 | |
| CY2011 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
12877000 | |
| CY2012 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
11560000 | |
| CY2012 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
30330000 | |
| CY2010Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
6546874000 | |
| CY2010Q4 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
7382211000 | |
| CY2010Q4 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
7771159000 | |
| CY2011Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
6788774000 | |
| CY2011Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
7506204000 | |
| CY2011Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
8019217000 | |
| CY2011Q4 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
7479823000 | |
| CY2012Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
6382412000 | |
| CY2010 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
821112000 | |
| CY2011 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
790192000 | |
| CY2012 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
727807000 |
