2010 Form 10-K Financial Statement
#000095012310030164 Filed on March 30, 2010
Income Statement
| Concept | 2010 | 2009 | 2008 |
|---|---|---|---|
| Revenue | $9.078B | $8.806B | $7.094B |
| YoY Change | 3.09% | 24.13% | 33.37% |
| Cost Of Revenue | $6.643B | $6.536B | $5.280B |
| YoY Change | 1.64% | 23.78% | 37.24% |
| Gross Profit | $2.435B | $2.270B | $1.814B |
| YoY Change | 7.25% | 25.16% | 23.26% |
| Gross Profit Margin | 26.82% | 25.78% | 25.57% |
| Selling, General & Admin | $1.637B | $1.452B | $1.182B |
| YoY Change | 12.76% | 22.83% | 15.76% |
| % of Gross Profit | 67.24% | 63.95% | 65.17% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $164.1M | $146.4M | $131.3M |
| YoY Change | 12.09% | 11.5% | 19.15% |
| % of Gross Profit | 6.74% | 6.45% | 7.24% |
| Operating Expenses | $1.800B | $1.597B | $1.312B |
| YoY Change | 12.71% | 21.69% | 16.02% |
| Operating Profit | $635.0M | $673.3M | $501.5M |
| YoY Change | -5.69% | 34.26% | 47.33% |
| Interest Expense | -$39.40M | -$32.40M | -$47.80M |
| YoY Change | 21.6% | -32.22% | -34.79% |
| % of Operating Profit | -6.2% | -4.81% | -9.53% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $588.5M | $634.0M | $441.1M |
| YoY Change | -7.18% | 43.73% | 73.46% |
| Income Tax | $212.8M | $235.7M | $152.8M |
| % Of Pretax Income | 36.16% | 37.18% | 34.64% |
| Net Earnings | $377.3M | $398.3M | $288.3M |
| YoY Change | -5.27% | 38.15% | 82.12% |
| Net Earnings / Revenue | 4.16% | 4.52% | 4.06% |
| Basic Earnings Per Share | $2.29 | $2.44 | $1.82 |
| Diluted Earnings Per Share | $2.25 | $2.38 | $1.75 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 164.5M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2010 | 2009 | 2008 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $905.4M | $578.1M | $857.4M |
| YoY Change | 56.62% | -32.58% | 31.42% |
| Cash & Equivalents | $905.4M | $578.1M | $857.4M |
| Short-Term Investments | |||
| Other Short-Term Assets | $104.3M | $98.10M | $80.20M |
| YoY Change | 6.32% | 22.32% | 2.43% |
| Inventory | $1.054B | $1.076B | $801.0M |
| Prepaid Expenses | |||
| Receivables | $48.10M | $41.90M | $30.60M |
| Other Receivables | $15.90M | $24.10M | $25.40M |
| Total Short-Term Assets | $2.127B | $1.818B | $1.795B |
| YoY Change | 17.01% | 1.3% | 24.61% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $584.2M | $549.3M | $511.7M |
| YoY Change | 6.35% | 7.35% | 12.09% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $37.40M | $35.40M | $52.90M |
| YoY Change | 5.65% | -33.08% | 8.18% |
| Total Long-Term Assets | $2.828B | $2.666B | $1.981B |
| YoY Change | 6.1% | 34.54% | 3.77% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.127B | $1.818B | $1.795B |
| Total Long-Term Assets | $2.828B | $2.666B | $1.981B |
| Total Assets | $4.955B | $4.484B | $3.776B |
| YoY Change | 10.52% | 18.74% | 12.73% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $961.7M | $1.048B | $844.4M |
| YoY Change | -8.23% | 24.11% | 17.62% |
| Accrued Expenses | $507.2M | $393.9M | $362.5M |
| YoY Change | 28.76% | 8.66% | 20.43% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $1.656B | $1.563B | $1.261B |
| YoY Change | 5.95% | 23.96% | 15.96% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $447.3M | $545.7M | $574.5M |
| YoY Change | -18.03% | -5.01% | -31.87% |
| Other Long-Term Liabilities | $103.8M | $97.00M | $78.40M |
| YoY Change | 7.01% | 23.72% | 81.06% |
| Total Long-Term Liabilities | $551.1M | $642.7M | $652.9M |
| YoY Change | -14.25% | -1.56% | -26.36% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.656B | $1.563B | $1.261B |
| Total Long-Term Liabilities | $551.1M | $642.7M | $652.9M |
| Total Liabilities | $2.232B | $2.213B | $1.913B |
| YoY Change | 0.87% | 15.65% | -3.06% |
| 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 | $2.723B | $2.271B | $1.862B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $4.955B | $4.484B | $3.776B |
| YoY Change | 10.52% | 18.74% | 12.73% |
Cashflow Statement
| Concept | 2010 | 2009 | 2008 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $377.3M | $398.3M | $288.3M |
| YoY Change | -5.27% | 38.15% | 82.12% |
| Depreciation, Depletion And Amortization | $164.1M | $146.4M | $131.3M |
| YoY Change | 12.09% | 11.5% | 19.15% |
| Cash From Operating Activities | $644.2M | $549.2M | $494.0M |
| YoY Change | 17.3% | 11.17% | 17.59% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$163.8M | -$183.2M | -$175.6M |
| YoY Change | -10.59% | 4.33% | 31.14% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$23.50M | -$637.7M | -$1.100M |
| YoY Change | -96.31% | 57872.73% | -113.75% |
| Cash From Investing Activities | -$187.2M | -$820.9M | -$176.6M |
| YoY Change | -77.2% | 364.84% | 40.27% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -154.4M | 29.60M | -124.2M |
| YoY Change | -621.62% | -123.83% | 186.84% |
| NET CHANGE | |||
| Cash From Operating Activities | 644.2M | 549.2M | 494.0M |
| Cash From Investing Activities | -187.2M | -820.9M | -176.6M |
| Cash From Financing Activities | -154.4M | 29.60M | -124.2M |
| Net Change In Cash | 302.6M | -242.1M | 193.2M |
| YoY Change | -224.99% | -225.31% | -23.0% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $644.2M | $549.2M | $494.0M |
| Capital Expenditures | -$163.8M | -$183.2M | -$175.6M |
| Free Cash Flow | $808.0M | $732.4M | $669.6M |
| YoY Change | 10.32% | 9.38% | 20.87% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2010 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
164525000 | shares |
| CY2008 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.82 | |
| CY2008 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.75 | |
| CY2010 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.25 | |
| CY2009 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.44 | |
| CY2010 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.29 | |
| CY2009 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.38 |
