2008 Form 10-K Financial Statement
#000110465910063729 Filed on December 21, 2010
Income Statement
| Concept | 2008 |
|---|---|
| Revenue | $6.755B |
| YoY Change | 9.07% |
| Cost Of Revenue | $5.693B |
| YoY Change | 9.69% |
| Gross Profit | $1.062B |
| YoY Change | 5.9% |
| Gross Profit Margin | 15.72% |
| Selling, General & Admin | $552.5M |
| YoY Change | 5.76% |
| % of Gross Profit | 52.03% |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $126.2M |
| YoY Change | -0.39% |
| % of Gross Profit | 11.88% |
| Operating Expenses | $552.5M |
| YoY Change | 5.76% |
| Operating Profit | $509.4M |
| YoY Change | 6.04% |
| Interest Expense | $28.02M |
| YoY Change | -364.37% |
| % of Operating Profit | 5.5% |
| Other Income/Expense, Net | -$28.10M |
| YoY Change | |
| Pretax Income | $460.7M |
| YoY Change | -1.94% |
| Income Tax | $172.0M |
| % Of Pretax Income | 37.34% |
| Net Earnings | $285.5M |
| YoY Change | -5.43% |
| Net Earnings / Revenue | 4.23% |
| Basic Earnings Per Share | $2.11 |
| Diluted Earnings Per Share | $2.08 |
| COMMON SHARES | |
| Basic Shares Outstanding | 135.4M shares |
| Diluted Shares Outstanding | 137.1M shares |
Balance Sheet
| Concept | 2008 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $154.8M |
| YoY Change | 3.41% |
| Cash & Equivalents | $154.8M |
| Short-Term Investments | |
| Other Short-Term Assets | $87.90M |
| YoY Change | 28.51% |
| Inventory | $784.5M |
| Prepaid Expenses | |
| Receivables | $411.0M |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $1.438B |
| YoY Change | 16.77% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $977.7M |
| YoY Change | 1.15% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $93.60M |
| YoY Change | -8.33% |
| Other Assets | $336.5M |
| YoY Change | 0.36% |
| Total Long-Term Assets | $2.178B |
| YoY Change | 0.75% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $1.438B |
| Total Long-Term Assets | $2.178B |
| Total Assets | $3.617B |
| YoY Change | 6.57% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $378.5M |
| YoY Change | 30.11% |
| Accrued Expenses | $293.1M |
| YoY Change | 0.24% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $100.0M |
| YoY Change | 42.86% |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $781.2M |
| YoY Change | 17.51% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $350.0M |
| YoY Change | 0.0% |
| Other Long-Term Liabilities | $477.7M |
| YoY Change | -3.32% |
| Total Long-Term Liabilities | $827.7M |
| YoY Change | -1.94% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $781.2M |
| Total Long-Term Liabilities | $827.7M |
| Total Liabilities | $1.609B |
| YoY Change | 6.63% |
| 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 | $2.008B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $3.617B |
| YoY Change | 6.57% |
Cashflow Statement
| Concept | 2008 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $285.5M |
| YoY Change | -5.43% |
| Depreciation, Depletion And Amortization | $126.2M |
| YoY Change | -0.39% |
| Cash From Operating Activities | $271.6M |
| YoY Change | -18.17% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$125.9M |
| YoY Change | 0.08% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$28.30M |
| YoY Change | -79.04% |
| Cash From Investing Activities | -$154.2M |
| YoY Change | -40.87% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -112.4M |
| YoY Change | 19.83% |
| NET CHANGE | |
| Cash From Operating Activities | 271.6M |
| Cash From Investing Activities | -154.2M |
| Cash From Financing Activities | -112.4M |
| Net Change In Cash | 5.000M |
| YoY Change | -122.03% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $271.6M |
| Capital Expenditures | -$125.9M |
| Free Cash Flow | $397.5M |
| YoY Change | -13.15% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2008 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
6754903000 | USD |
| CY2008 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
5692974000 | USD |
| CY2008 | us-gaap |
Gross Profit
GrossProfit
|
1061929000 | USD |
| CY2008 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
552503000 | USD |
| CY2008 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
7370000 | USD |
| CY2008 | hrl |
Operating Income Loss Including Equity Method Investments
OperatingIncomeLossIncludingEquityMethodInvestments
|
516796000 | USD |
| CY2008 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-28102000 | USD |
| CY2008 | us-gaap |
Interest Expense
InterestExpense
|
28023000 | USD |
| CY2008 | hrl |
Income Loss Before Income Taxes
IncomeLossBeforeIncomeTaxes
|
460671000 | USD |
| CY2008 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
172036000 | USD |
| CY2008 | us-gaap |
Profit Loss
ProfitLoss
|
288635000 | USD |
| CY2008 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
3135000 | USD |
| CY2008 | us-gaap |
Net Income Loss
NetIncomeLoss
|
285500000 | USD |
| CY2008 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.11 | |
| CY2008 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.08 | |
| CY2008 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
135360000 | shares |
| CY2008 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
137128000 | shares |
| CY2008 | us-gaap |
Cumulative Effect Of Initial Adoption Of Fin48
CumulativeEffectOfInitialAdoptionOfFIN48
|
-8985000 | USD |
