2012 Q4 Form 10-Q Financial Statement

#000088209512000029 Filed on November 06, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q4
Revenue $2.588B $2.427B $2.200B
YoY Change 17.63% 14.37% 10.09%
Cost Of Revenue $675.8M $597.3M $584.4M
YoY Change 15.64% 12.27% 17.75%
Gross Profit $1.835B $1.761B $1.549B
YoY Change 18.47% 14.79% 8.02%
Gross Profit Margin 70.9% 72.56% 70.39%
Selling, General & Admin $365.8M $319.6M $316.5M
YoY Change 15.58% 7.99% 17.44%
% of Gross Profit 19.93% 18.15% 20.43%
Research & Development $439.7M $465.8M $368.2M
YoY Change 19.42% 60.59% 45.36%
% of Gross Profit 23.96% 26.46% 23.77%
Depreciation & Amortization $74.00M $70.00M $73.00M
YoY Change 1.37% -4.11% -5.19%
% of Gross Profit 4.03% 3.98% 4.71%
Operating Expenses $805.5M $785.4M $684.8M
YoY Change 17.63% 34.03% 30.99%
Operating Profit $1.029B $1.044B $864.1M
YoY Change 19.14% 4.01% -5.16%
Interest Expense -$85.90M $89.32M -$75.00M
YoY Change 14.53% 107.26% 84.73%
% of Operating Profit -8.34% 8.56% -8.68%
Other Income/Expense, Net -$5.900M -$3.505M $26.40M
YoY Change -122.35% -124.33% 144.44%
Pretax Income $1.023B $951.1M $818.8M
YoY Change 24.88% -2.45% 2.41%
Income Tax $263.5M $280.1M $157.1M
% Of Pretax Income 25.77% 29.45% 19.19%
Net Earnings $762.5M $675.5M $665.1M
YoY Change 14.64% 52.84% 5.68%
Net Earnings / Revenue 29.46% 27.84% 30.23%
Basic Earnings Per Share $0.50 $0.45 $0.44
Diluted Earnings Per Share $0.47 $0.43 $0.43
COMMON SHARES
Basic Shares Outstanding 757.6M shares 1.515B shares
Diluted Shares Outstanding 1.585B shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.863B $1.695B $9.900B
YoY Change -81.19% -24.9% 371.65%
Cash & Equivalents $1.804B $1.551B $9.884B
Short-Term Investments $58.56M $145.0M $16.00M
Other Short-Term Assets $84.30M $144.2M $126.8M
YoY Change -33.54% -78.95% -83.82%
Inventory $1.745B $1.617B $1.390B
Prepaid Expenses $102.4M $100.7M $95.92M
Receivables $1.751B $1.766B $1.951B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.156B $5.880B $13.92B
YoY Change -55.77% -4.34% 143.85%
LONG-TERM ASSETS
Property, Plant & Equipment $1.100B $856.2M $774.4M
YoY Change 42.08% 12.51% 10.47%
Goodwill $1.061B $1.079B $1.004B
YoY Change 5.66%
Intangibles $11.74B $11.74B $1.063B
YoY Change 1004.22%
Long-Term Investments $720.0M $956.0M $64.00M
YoY Change 1025.0% -70.36% -98.01%
Other Assets $159.2M $170.6M $160.7M
YoY Change -0.93% -56.8% -70.13%
Total Long-Term Assets $15.08B $15.08B $3.384B
YoY Change 345.68% 132.3% -42.49%
TOTAL ASSETS
Total Short-Term Assets $6.156B $5.880B $13.92B
Total Long-Term Assets $15.08B $15.08B $3.384B
Total Assets $21.24B $20.96B $17.30B
YoY Change 22.75% 65.85% 49.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.327B $1.320B $1.206B
YoY Change 10.06% 24.03% 50.19%
Accrued Expenses $1.570B $1.635B $471.1M
YoY Change 233.24% 54.68% -48.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.169B $1.731B $0.00
YoY Change 86441.9% -100.0%
Total Short-Term Liabilities $4.238B $4.802B $2.515B
YoY Change 68.52% 115.92% 2.02%
LONG-TERM LIABILITIES
Long-Term Debt $7.055B $7.040B $7.606B
YoY Change -7.25% 80.89% 167.9%
Other Long-Term Liabilities $250.0M $221.6M $147.7M
YoY Change 69.2% -23.83% -11.54%
Total Long-Term Liabilities $7.305B $7.262B $7.753B
YoY Change -5.79% 73.61% 157.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.238B $4.802B $2.515B
Total Long-Term Liabilities $7.305B $7.262B $7.753B
Total Liabilities $11.54B $12.06B $10.27B
YoY Change 12.41% 84.95% 79.23%
SHAREHOLDERS EQUITY
Retained Earnings $3.705B $3.139B $1.777B
YoY Change 108.51%
Common Stock $1.519M $758.0K $753.0K
YoY Change 101.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.303B $8.604B $6.739B
YoY Change
Total Liabilities & Shareholders Equity $21.24B $20.96B $17.30B
YoY Change 22.75% 65.85% 49.26%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q4
OPERATING ACTIVITIES
Net Income $762.5M $675.5M $665.1M
YoY Change 14.64% 52.84% 5.68%
Depreciation, Depletion And Amortization $74.00M $70.00M $73.00M
YoY Change 1.37% -4.11% -5.19%
Cash From Operating Activities $706.0M $745.0M $978.0M
YoY Change -27.81% -16.95% 34.9%
INVESTING ACTIVITIES
Capital Expenditures -$270.0M -$66.00M -$26.00M
YoY Change 938.46% 3.13% 13.04%
Acquisitions
YoY Change
Other Investing Activities $320.0M -$452.0M $4.467B
YoY Change -92.84% 2725.0% -1260.26%
Cash From Investing Activities $50.00M -$518.0M $4.440B
YoY Change -98.87% 547.5% -1188.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -510.0M -308.0M 3.527B
YoY Change -114.46% -64.84% -866.74%
NET CHANGE
Cash From Operating Activities 706.0M 745.0M 978.0M
Cash From Investing Activities 50.00M -518.0M 4.440B
Cash From Financing Activities -510.0M -308.0M 3.527B
Net Change In Cash 246.0M -81.00M 8.945B
YoY Change -97.25% 37.29% -6355.24%
FREE CASH FLOW
Cash From Operating Activities $706.0M $745.0M $978.0M
Capital Expenditures -$270.0M -$66.00M -$26.00M
Free Cash Flow $976.0M $811.0M $1.004B
YoY Change -2.79% -15.61% 34.22%

Facts In Submission

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us-gaap Concentration Risk Credit Risk
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentrations of Risk</font></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are subject to credit risk from our portfolio of cash equivalents and marketable securities. Under our investment policy, we limit amounts invested in such securities by credit rating, maturity, industry group, investment type and issuer, except for securities issued by the U.S. government. We are not exposed to any significant concentrations of credit risk from these financial instruments. The goals of our investment policy, in order of priority, are as follows: safety and preservation of principal and diversification of risk; liquidity of investments sufficient to meet cash flow requirements; and a competitive after-tax rate of return. </font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are also subject to credit risk from our accounts receivable related to our product sales. The majority of our trade accounts receivable arises from product sales in the United States and Europe. </font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the second quarter of 2012, we received payment on </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$460.6 million</font><font style="font-family:inherit;font-size:10pt;"> in past due accounts receivable from customers based in Spain. Included in this amount were proceeds from a factoring arrangement where we sold receivables with a carrying value of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$319.8 million</font><font style="font-family:inherit;font-size:10pt;">, net of the allowance for doubtful accounts. We received proceeds of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$349.7 million</font><font style="font-family:inherit;font-size:10pt;"> and recorded a gain of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$29.9 million</font><font style="font-family:inherit;font-size:10pt;">, resulting primarily from the reversal of the related allowance for doubtful accounts. This gain was recorded as an offset to selling, general and administrative (SG&amp;A) expenses in our Condensed Consolidated Statement of Income. Subsequent to this transaction, we have had no continuing involvement with the transferred receivables, which were derecognized at the time of the sale.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2012</font><font style="font-family:inherit;font-size:10pt;">, our accounts receivable in Southern Europe, specifically Greece, Italy, Portugal and Spain, totaled approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$826.8 million</font><font style="font-family:inherit;font-size:10pt;">, of which </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$314.9 million</font><font style="font-family:inherit;font-size:10pt;"> were greater than 120 days past due and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$84.8 million</font><font style="font-family:inherit;font-size:10pt;"> were greater than 365 days past due. To date, we have not experienced significant losses with respect to the collection of our accounts receivable. We believe that our allowance for doubtful accounts was adequate at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2012</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recent </font></div></div>
us-gaap Cost Of Goods Sold
CostOfGoodsSold
1795545000 USD
CY2011Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
531989000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
1539963000 USD
CY2012Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
597269000 USD
CY2011Q3 us-gaap Costs And Expenses
CostsAndExpenses
1117982000 USD
us-gaap Costs And Expenses
CostsAndExpenses
4211040000 USD
us-gaap Costs And Expenses
CostsAndExpenses
3262642000 USD
CY2012Q3 us-gaap Costs And Expenses
CostsAndExpenses
1382683000 USD
CY2011Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
208155000 USD
CY2012Q3 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
110331000 USD
CY2011Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
144015000 USD
CY2012Q3 us-gaap Deposit Assets
DepositAssets
5000000 USD
us-gaap Depreciation
Depreciation
60488000 USD
us-gaap Depreciation
Depreciation
53232000 USD
CY2011Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
100475000 USD
CY2012Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
57295000 USD
CY2011Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
5710000 USD
CY2012Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
34135000 USD
CY2011Q3 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-44072000 USD
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-55088000 USD
CY2012Q3 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
39209000 USD
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
65494000 USD
CY2012Q3 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
1688000 USD
CY2011Q3 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
7759000 USD
us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
8444000 USD
us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
10825000 USD
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
7730000 USD
CY2011Q3 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-107871000 USD
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
66236000 USD
CY2012Q3 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
70855000 USD
CY2012Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-31973000 USD
CY2011Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
86781000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
34445000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-33409000 USD
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.89
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.33
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.95
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
872000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-45881000 USD
CY2012Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.294
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.299
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2011Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
173316000 USD
CY2012Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
182756000 USD
CY2012Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
15022000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
41253000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
36365000 USD
CY2011Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
11299000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
64955000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
30255000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
64955000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
30255000 USD
CY2012Q1 us-gaap Fair Value Inputs Discount Rate
FairValueInputsDiscountRate
0.12
CY2012Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
40100000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-40096000 USD
CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
1707000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
4578000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-1618000 USD
CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-22681000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
32630000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-28375000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
-42254000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
-64227000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
-28630000 USD
CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
-1350000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
53883000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0 USD
CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0 USD
CY2012Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
43872000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
0 USD
CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
81821000 USD
CY2010Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
80365000 USD
CY2011Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
104145000 USD
CY2011Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
71693000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
0 USD
CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
116008000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
0 USD
CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
128305000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
199707000 USD
CY2010Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
11100000 USD
CY2012Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
140897000 USD
CY2011Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
135591000 USD
CY2011Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
126690000 USD
CY2012Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
64283000 USD
CY2012Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
15836000 USD
CY2012Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
132786000 USD
CY2012Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
100048000 USD
CY2012Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
73261000 USD
CY2012Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
66735000 USD
CY2012Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
749154000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
796664000 USD
CY2012Q3 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
57298000 USD
CY2011Q4 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
100475000 USD
CY2012Q3 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
34135000 USD
CY2011Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
5710000 USD
CY2012Q2 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
29900000 USD
CY2012Q3 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
3800000 USD
CY2011Q4 us-gaap Goodwill
Goodwill
1004102000 USD
CY2012Q3 us-gaap Goodwill
Goodwill
1078919000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2589517000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2832161000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
974987000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
951087000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
704861000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
280052000 USD
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
237449000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
774877000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
257805000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
146458000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-160831000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
221393000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-75674000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
85177000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
397831000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
106492000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-21374000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-43415000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-32642000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
7238000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
224742000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
136684000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
109550000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-13373000 USD
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2011Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2012Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1301000 shares
CY2012Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
16239000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
14452000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
15463000 shares
CY2011Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
13548000 shares
CY2011Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
266200000 USD
CY2012Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
10986200000 USD
CY2012Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11735354000 USD
CY2011Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1062864000 USD
CY2012Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
12814273000 USD
CY2011Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2066966000 USD
CY2011Q3 us-gaap Interest Expense
InterestExpense
43097000 USD
us-gaap Interest Expense
InterestExpense
130420000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
89322000 USD
us-gaap Interest Expense
InterestExpense
275010000 USD
CY2011Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
225863000 USD
CY2012Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
411730000 USD
CY2012Q3 us-gaap Inventory Net
InventoryNet
1617369000 USD
CY2011Q4 us-gaap Inventory Net
InventoryNet
1389983000 USD
CY2011Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
697621000 USD
CY2012Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
826651000 USD
CY2011Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
466499000 USD
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dei Entity Registrant Name
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Gilead Sciences Inc
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474300000 USD
CY2011Q4 gild Portion Of Inventory Related To Efavirenz
PortionOfInventoryRelatedToEfavirenz
995700000 USD
CY2012Q3 gild Portion Of Inventory Related To Efavirenz
PortionOfInventoryRelatedToEfavirenz
1180000000 USD
CY2012Q3 gild Remaining Balance Due
RemainingBalanceDue
175000000 USD
CY2012Q3 gild Total Southern European Accounts Receivable
TotalSouthernEuropeanAccountsReceivable
826800000 USD
CY2012Q3 gild Total Southern European Accounts Receivable Greater Than120 Days
TotalSouthernEuropeanAccountsReceivableGreaterThan120Days
314900000 USD
CY2012Q3 gild Total Southern European Accounts Receivable Greater Than365 Days
TotalSouthernEuropeanAccountsReceivableGreaterThan365Days
84800000 USD
gild Transaction Costs
TransactionCosts
10463000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000882095
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
757648151 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer

Files In Submission

Name View Source Status
0000882095-12-000029-index-headers.html Edgar Link pending
0000882095-12-000029-index.html Edgar Link pending
0000882095-12-000029.txt Edgar Link pending
0000882095-12-000029-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
gild-20120930.xml Edgar Link completed
gild-20120930.xsd Edgar Link pending
gild-20120930_cal.xml Edgar Link unprocessable
gild-20120930_def.xml Edgar Link unprocessable
gild-20120930_lab.xml Edgar Link unprocessable
gild-20120930_pre.xml Edgar Link unprocessable
gild2012093010-q.htm Edgar Link pending
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