2011 Q3 Form 10-Q Financial Statement
#000002474111000055 Filed on October 27, 2011
Income Statement
| Concept | 2011 Q3 |
|---|---|
| Revenue | $2.075B |
| YoY Change | 29.53% |
| Cost Of Revenue | $1.097B |
| YoY Change | 24.94% |
| Gross Profit | $978.0M |
| YoY Change | 35.08% |
| Gross Profit Margin | 47.13% |
| Selling, General & Admin | $216.0M |
| YoY Change | -13.6% |
| % of Gross Profit | 22.09% |
| Research & Development | $166.0M |
| YoY Change | 12.16% |
| % of Gross Profit | 16.97% |
| Depreciation & Amortization | $245.0M |
| YoY Change | 14.49% |
| % of Gross Profit | 25.05% |
| Operating Expenses | $386.0M |
| YoY Change | -3.5% |
| Operating Profit | $592.0M |
| YoY Change | 82.72% |
| Interest Expense | $343.0M |
| YoY Change | -33.91% |
| % of Operating Profit | 57.94% |
| Other Income/Expense, Net | -$9.000M |
| YoY Change | 0.0% |
| Pretax Income | $921.0M |
| YoY Change | 15.27% |
| Income Tax | $110.0M |
| % Of Pretax Income | 11.94% |
| Net Earnings | $749.0M |
| YoY Change | -4.59% |
| Net Earnings / Revenue | 36.1% |
| Basic Earnings Per Share | |
| Diluted Earnings Per Share | $510.7K |
| COMMON SHARES | |
| Basic Shares Outstanding | 1.569B |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2011 Q3 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $6.421B |
| YoY Change | 27.68% |
| Cash & Equivalents | $4.901B |
| Short-Term Investments | $1.520B |
| Other Short-Term Assets | $715.0M |
| YoY Change | -6.9% |
| Inventory | $939.0M |
| Prepaid Expenses | |
| Receivables | $1.189B |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $9.264B |
| YoY Change | 25.82% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $10.27B |
| YoY Change | 20.41% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $4.890B |
| YoY Change | -5.85% |
| Other Assets | $2.872B |
| YoY Change | -1.61% |
| Total Long-Term Assets | $18.91B |
| YoY Change | 9.26% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $9.264B |
| Total Long-Term Assets | $18.91B |
| Total Assets | $28.17B |
| YoY Change | 14.2% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $938.0M |
| YoY Change | 30.28% |
| Accrued Expenses | $1.044B |
| YoY Change | 10.01% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $27.00M |
| YoY Change | 8.0% |
| Total Short-Term Liabilities | $2.009B |
| YoY Change | 18.6% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $2.282B |
| YoY Change | -4.52% |
| Other Long-Term Liabilities | $2.191B |
| YoY Change | 3.4% |
| Total Long-Term Liabilities | $4.473B |
| YoY Change | -0.8% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $2.009B |
| Total Long-Term Liabilities | $4.473B |
| Total Liabilities | $6.533B |
| YoY Change | 4.46% |
| 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 | $21.64B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $28.17B |
| YoY Change | 14.2% |
Cashflow Statement
| Concept | 2011 Q3 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $749.0M |
| YoY Change | -4.59% |
| Depreciation, Depletion And Amortization | $245.0M |
| YoY Change | 14.49% |
| Cash From Operating Activities | $913.0M |
| YoY Change | 113.32% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$640.0M |
| YoY Change | 184.44% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | $222.0M |
| YoY Change | -132.79% |
| Cash From Investing Activities | -$418.0M |
| YoY Change | -53.66% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -46.00M |
| YoY Change | -113.29% |
| NET CHANGE | |
| Cash From Operating Activities | 913.0M |
| Cash From Investing Activities | -418.0M |
| Cash From Financing Activities | -46.00M |
| Net Change In Cash | 449.0M |
| YoY Change | -450.78% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $913.0M |
| Capital Expenditures | -$640.0M |
| Free Cash Flow | $1.553B |
| YoY Change | 137.83% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1569000000 | |
| glw |
Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
|
-41000000 | ||
| CY2010Q3 | glw |
Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
|
6000000 | |
| glw |
Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
|
15000000 | ||
| CY2011Q3 | glw |
Asbestos Settlement Credit Charge
AsbestosSettlementCreditCharge
|
5000000 | |
| glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-326000000 | ||
| CY2010Q3 | glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-101000000 | |
| glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-284000000 | ||
| CY2011Q3 | glw |
Equity In Earnings Of Affiliated Companies Net Of Impairments
EquityInEarningsOfAffiliatedCompaniesNetOfImpairments
|
-93000000 | |
| glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
137000000 | ||
| CY2010Q3 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
47000000 | |
| glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
146000000 | ||
| CY2011Q3 | glw |
Reconciliation Of Net Financing Costs
ReconciliationOfNetFinancingCosts
|
47000000 | |
| glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-245000000 | ||
| CY2010Q3 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-85000000 | |
| glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-167000000 | ||
| CY2011Q3 | glw |
Reconciliation Of Other Corporate Items
ReconciliationOfOtherCorporateItems
|
-71000000 | |
| us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
91000000 | ||
| CY2010Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
1752000000 | |
| CY2011Q3 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
1520000000 | |
| CY2011Q3 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-4000000 |
