2009 Q4 Form 10-K Financial Statement

#000095012311014739 Filed on February 16, 2011

View on sec.gov

Income Statement

Concept 2009 Q4 2008 2007 Q4
Revenue $591.9M $2.704B $614.7M
YoY Change -9.23% 6.73% 4.36%
Cost Of Revenue $400.1M $1.901B $433.8M
YoY Change -14.18% 5.72% -0.82%
Gross Profit $191.8M $803.4M $180.9M
YoY Change 3.17% 9.19% 19.33%
Gross Profit Margin 32.4% 29.71% 29.43%
Selling, General & Admin $112.3M $457.4M $112.3M
YoY Change -1.06% 4.81% 5.74%
% of Gross Profit 58.55% 56.93% 62.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.50M $63.10M $15.40M
YoY Change 16.77% 4.82% 8.45%
% of Gross Profit 10.17% 7.85% 8.51%
Operating Expenses $112.3M $457.4M $112.3M
YoY Change -1.06% 4.81% 5.74%
Operating Profit $79.50M $346.0M $68.60M
YoY Change 9.81% 15.56% 51.1%
Interest Expense -$7.600M $27.40M -$3.700M
YoY Change -1.3% -280.26% 19.35%
% of Operating Profit -9.56% 7.92% -5.39%
Other Income/Expense, Net -$1.800M -$3.000M -$700.0K
YoY Change 200.0% -41.67%
Pretax Income $70.10M $318.4M $64.20M
YoY Change 9.36% 12.03% 71.66%
Income Tax $20.00M $95.20M $16.20M
% Of Pretax Income 28.53% 29.9% 25.23%
Net Earnings $49.60M $222.7M $48.00M
YoY Change 7.13% 6.91% 64.38%
Net Earnings / Revenue 8.38% 8.23% 7.81%
Basic Earnings Per Share $3.96
Diluted Earnings Per Share $842.1K $3.93 $819.1K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2009 Q4 2008 2007 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $261.1M $178.2M $77.50M
YoY Change 46.52% 129.94% -4.56%
Cash & Equivalents $258.5M $178.2M $77.50M
Short-Term Investments $2.600M
Other Short-Term Assets $68.70M $48.70M $55.20M
YoY Change 41.07% -11.78% 35.63%
Inventory $263.5M $335.2M $322.9M
Prepaid Expenses
Receivables $310.1M $357.0M $332.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $911.3M $919.1M $788.0M
YoY Change -0.85% 16.64% -3.24%
LONG-TERM ASSETS
Property, Plant & Equipment $368.8M $349.1M $327.1M
YoY Change 5.64% 6.73% 2.7%
Goodwill $724.2M
YoY Change
Intangibles
YoY Change
Long-Term Investments $25.50M $35.10M $39.20M
YoY Change -27.35% -10.46% 12966.67%
Other Assets $73.90M $68.10M $151.8M
YoY Change 8.52% -55.14% 41.47%
Total Long-Term Assets $1.492B $1.196B $1.075B
YoY Change 24.67% 11.25% 14.76%
TOTAL ASSETS
Total Short-Term Assets $911.3M $919.1M $788.0M
Total Long-Term Assets $1.492B $1.196B $1.075B
Total Assets $2.403B $2.116B $1.863B
YoY Change 13.58% 13.53% 6.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $130.8M $168.3M $154.0M
YoY Change -22.28% 9.29% -4.05%
Accrued Expenses $154.7M $197.8M $184.5M
YoY Change -34.73% 7.21% 4.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $36.70M
YoY Change -100.0% 75.6%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $418.5M $425.0M $419.5M
YoY Change -1.53% 1.31% 9.73%
LONG-TERM LIABILITIES
Long-Term Debt $497.2M $497.4M $199.4M
YoY Change -0.04% 149.45% 0.05%
Other Long-Term Liabilities $185.1M $172.3M $110.0M
YoY Change 1.7% 56.64% -28.76%
Total Long-Term Liabilities $682.3M $669.7M $309.4M
YoY Change 0.43% 116.45% -12.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $418.5M $425.0M $419.5M
Total Long-Term Liabilities $682.3M $669.7M $309.4M
Total Liabilities $1.101B $1.107B $780.8M
YoY Change -0.6% 41.83% 6.09%
SHAREHOLDERS EQUITY
Retained Earnings $1.208B
YoY Change
Common Stock $158.4M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.298B $1.008B $1.083B
YoY Change
Total Liabilities & Shareholders Equity $2.403B $2.116B $1.863B
YoY Change 13.58% 13.53% 6.39%

Cashflow Statement

Concept 2009 Q4 2008 2007 Q4
OPERATING ACTIVITIES
Net Income $49.60M $222.7M $48.00M
YoY Change 7.13% 6.91% 64.38%
Depreciation, Depletion And Amortization $19.50M $63.10M $15.40M
YoY Change 16.77% 4.82% 8.45%
Cash From Operating Activities $100.6M $319.2M $114.0M
YoY Change 19.34% -4.77% 100.0%
INVESTING ACTIVITIES
Capital Expenditures -$10.10M -$49.40M -$11.30M
YoY Change -34.42% -11.63% -42.64%
Acquisitions $267.4M
YoY Change
Other Investing Activities -$351.4M -$5.500M -$50.30M
YoY Change 475.12% -88.96% 69.36%
Cash From Investing Activities -$361.5M -$306.4M -$61.60M
YoY Change 372.55% 189.88% 24.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $96.60M
YoY Change -166.57%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities 106.3M $93.70M -62.20M
YoY Change -639.59% -146.76% 259.54%
NET CHANGE
Cash From Operating Activities 100.6M $319.2M 114.0M
Cash From Investing Activities -361.5M -$306.4M -61.60M
Cash From Financing Activities 106.3M $93.70M -62.20M
Net Change In Cash -154.6M $106.5M -9.800M
YoY Change 1199.16% 265.98% 1.03%
FREE CASH FLOW
Cash From Operating Activities $100.6M $319.2M $114.0M
Capital Expenditures -$10.10M -$49.40M -$11.30M
Free Cash Flow $110.7M $368.6M $125.3M
YoY Change 11.03% -5.75% 63.36%

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<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Note&#160;</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">8</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">&#160;&#8212; Other Accrued Liabilities</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:11px;">Other </font><font style="font-family:Times New Roman;font-size:10pt;">a</font><font style="font-family:Times New Roman;font-size:10pt;">ccrued </font><font style="font-family:Times New Roman;font-size:10pt;">l</font><font style="font-family:Times New Roman;font-size:10pt;">iabilities consists of the following at December&#160;31, (in millions):</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 50px; 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