2010 Q4 Form 10-K Financial Statement
#000119312512081083 Filed on February 27, 2012
Income Statement
| Concept | 2010 Q4 | 2009 Q4 | 2009 |
|---|---|---|---|
| Revenue | $6.936B | $5.864B | $21.40B |
| YoY Change | 18.28% | -1.31% | -32.24% |
| Cost Of Revenue | $5.390B | $4.609B | $15.89B |
| YoY Change | 16.95% | -2.06% | -31.21% |
| Gross Profit | $1.546B | $1.255B | $5.513B |
| YoY Change | 23.19% | 1.54% | -35.03% |
| Gross Profit Margin | 22.29% | 21.4% | 25.76% |
| Selling, General & Admin | $284.0M | $284.0M | $1.106B |
| YoY Change | 0.0% | 16.39% | -52.94% |
| % of Gross Profit | 18.37% | 22.63% | 20.06% |
| Research & Development | $20.00M | $27.00M | $153.0M |
| YoY Change | -25.93% | -34.15% | 15.91% |
| % of Gross Profit | 1.29% | 2.15% | 2.78% |
| Depreciation & Amortization | $186.0M | $197.0M | $781.0M |
| YoY Change | -5.58% | 10.67% | 7.28% |
| % of Gross Profit | 12.03% | 15.7% | 14.17% |
| Operating Expenses | $490.0M | $508.0M | $1.106B |
| YoY Change | -3.54% | 9.72% | -65.55% |
| Operating Profit | $1.056B | $747.0M | $4.407B |
| YoY Change | 41.37% | -3.36% | -16.47% |
| Interest Expense | -$2.000M | $5.000M | |
| YoY Change | |||
| % of Operating Profit | -0.27% | 0.11% | |
| Other Income/Expense, Net | -$3.000M | ||
| YoY Change | |||
| Pretax Income | $1.053B | $745.0M | $2.200B |
| YoY Change | 41.34% | -3.37% | -58.3% |
| Income Tax | $254.0M | $211.0M | $621.0M |
| % Of Pretax Income | 24.12% | 28.32% | 28.23% |
| Net Earnings | $799.0M | $534.0M | $1.579B |
| YoY Change | 49.63% | -19.09% | -59.28% |
| Net Earnings / Revenue | 11.52% | 9.11% | 7.38% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $938.9K | $625.3K | $1.842M |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2010 Q4 | 2009 Q4 | 2009 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $267.0M | $513.0M | $513.0M |
| YoY Change | -47.95% | -74.01% | -74.01% |
| Cash & Equivalents | $267.0M | $513.0M | |
| Short-Term Investments | |||
| Other Short-Term Assets | $744.0M | $714.0M | $714.0M |
| YoY Change | 4.2% | 31.98% | 31.98% |
| Inventory | $527.0M | $564.0M | $564.0M |
| Prepaid Expenses | |||
| Receivables | $2.000B | $1.714B | $1.714B |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $3.538B | $3.505B | $3.505B |
| YoY Change | 0.94% | -24.51% | -24.51% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $15.91B | $12.85B | $12.85B |
| YoY Change | 23.76% | 14.26% | 14.26% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $870.0M | $854.0M | $854.0M |
| YoY Change | 1.87% | -3.06% | -3.06% |
| Other Assets | $63.00M | $58.00M | $58.00M |
| YoY Change | 8.62% | -1.69% | -1.69% |
| Total Long-Term Assets | $17.04B | $13.97B | $13.97B |
| YoY Change | 22.01% | 12.72% | 12.72% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $3.538B | $3.505B | $3.505B |
| Total Long-Term Assets | $17.04B | $13.97B | $13.97B |
| Total Assets | $20.58B | $17.47B | $17.47B |
| YoY Change | 17.78% | 2.57% | 2.57% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $3.289B | $2.811B | |
| YoY Change | 17.0% | 8.7% | |
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $109.0M |
| YoY Change | 0.0% | ||
| Long-Term Debt Due | $229.0M | $109.0M | $2.811B |
| YoY Change | 110.09% | 0.0% | 8.7% |
| Total Short-Term Liabilities | $4.577B | $3.768B | $3.768B |
| YoY Change | 21.47% | -10.14% | -10.14% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $500.0M | $31.00M | $31.00M |
| YoY Change | 1512.9% | -8.82% | -8.82% |
| Other Long-Term Liabilities | $2.753B | $2.839B | $2.839B |
| YoY Change | -3.03% | 25.95% | 25.95% |
| Total Long-Term Liabilities | $500.0M | $2.870B | $2.870B |
| YoY Change | -82.58% | 25.44% | 25.44% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $4.577B | $3.768B | $3.768B |
| Total Long-Term Liabilities | $500.0M | $2.870B | $2.870B |
| Total Liabilities | $9.403B | $8.034B | $8.034B |
| YoY Change | 17.04% | 0.8% | 0.8% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | $1.511B | $1.508B | |
| YoY Change | 0.2% | -1.31% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $11.18B | $9.439B | $9.439B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $20.58B | $17.47B | $17.47B |
| YoY Change | 17.78% | 2.57% | 2.57% |
Cashflow Statement
| Concept | 2010 Q4 | 2009 Q4 | 2009 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $799.0M | $534.0M | $1.579B |
| YoY Change | 49.63% | -19.09% | -59.28% |
| Depreciation, Depletion And Amortization | $186.0M | $197.0M | $781.0M |
| YoY Change | -5.58% | 10.67% | 7.28% |
| Cash From Operating Activities | $1.004B | $927.0M | $1.591B |
| YoY Change | 8.31% | 1.64% | -62.68% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$1.045B | -$807.0M | -$2.285B |
| YoY Change | 29.49% | 105.87% | 85.62% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $53.00M | $22.00M | $69.00M |
| YoY Change | 140.91% | 83.33% | -74.44% |
| Cash From Investing Activities | -$992.0M | -$785.0M | -$2.216B |
| YoY Change | 26.37% | 106.58% | 130.59% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 204.0M | -87.00M | -836.0M |
| YoY Change | -334.48% | -82.28% | -67.03% |
| NET CHANGE | |||
| Cash From Operating Activities | 1.004B | 927.0M | 1.591B |
| Cash From Investing Activities | -992.0M | -785.0M | -2.216B |
| Cash From Financing Activities | 204.0M | -87.00M | -836.0M |
| Net Change In Cash | 216.0M | 55.00M | -1.461B |
| YoY Change | 292.73% | 34.15% | -290.73% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $1.004B | $927.0M | $1.591B |
| Capital Expenditures | -$1.045B | -$807.0M | -$2.285B |
| Free Cash Flow | $2.049B | $1.734B | $3.876B |
| YoY Change | 18.17% | 32.98% | -29.45% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2010 | imo |
Federal Excise Tax
FederalExciseTax
|
1316000000 | |
| CY2011 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
847700000 | |
| CY2010Q4 | imo |
Asset Retirement Obligation And Other Environmental Liabilities Noncurrent
AssetRetirementObligationAndOtherEnvironmentalLiabilitiesNoncurrent
|
754000000 | |
| CY2011Q4 | imo |
Asset Retirement Obligation And Other Environmental Liabilities Noncurrent
AssetRetirementObligationAndOtherEnvironmentalLiabilitiesNoncurrent
|
914000000 | |
| CY2009 | imo |
Capital And Exploration Expenditures
CapitalAndExplorationExpenditures
|
2438000000 | |
| CY2010 | imo |
Capital And Exploration Expenditures
CapitalAndExplorationExpenditures
|
4045000000 | |
| CY2011 | imo |
Capital And Exploration Expenditures
CapitalAndExplorationExpenditures
|
4066000000 | |
| CY2009 | imo |
Crude Oil And Product Purchases
CrudeOilAndProductPurchases
|
11934000000 | |
| CY2010 | imo |
Crude Oil And Product Purchases
CrudeOilAndProductPurchases
|
14811000000 | |
| CY2011 | imo |
Crude Oil And Product Purchases
CrudeOilAndProductPurchases
|
18847000000 | |
| CY2009 | imo |
Federal Excise Tax
FederalExciseTax
|
1268000000 | |
| CY2011 | imo |
Federal Excise Tax
FederalExciseTax
|
1320000000 | |
| CY2009 | imo |
Net Gain Loss On Asset Sales After Tax
NetGainLossOnAssetSalesAfterTax
|
38000000 | |
| CY2010 | imo |
Net Gain Loss On Asset Sales After Tax
NetGainLossOnAssetSalesAfterTax
|
80000000 | |
| CY2011 | imo |
Net Gain Loss On Asset Sales After Tax
NetGainLossOnAssetSalesAfterTax
|
153000000 | |
| CY2010 | imo |
Operating Revenues Including Federal Excise Tax
OperatingRevenuesIncludingFederalExciseTax
|
24946000000 | |
| CY2010Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
3470000000 | |
| CY2011 | imo |
Operating Revenues Including Federal Excise Tax
OperatingRevenuesIncludingFederalExciseTax
|
30474000000 | |
| CY2009 | imo |
Production And Manufacturing Expenses
ProductionAndManufacturingExpenses
|
3951000000 | |
| CY2009 | imo |
Net Gain Loss On Asset Sales Before Tax
NetGainLossOnAssetSalesBeforeTax
|
45000000 | |
| CY2010 | imo |
Net Gain Loss On Asset Sales Before Tax
NetGainLossOnAssetSalesBeforeTax
|
95000000 | |
| CY2011 | imo |
Net Gain Loss On Asset Sales Before Tax
NetGainLossOnAssetSalesBeforeTax
|
197000000 | |
| CY2009 | imo |
Operating Revenues Including Federal Excise Tax
OperatingRevenuesIncludingFederalExciseTax
|
21292000000 | |
| CY2010 | imo |
Production And Manufacturing Expenses
ProductionAndManufacturingExpenses
|
3996000000 | |
| CY2011 | imo |
Production And Manufacturing Expenses
ProductionAndManufacturingExpenses
|
4114000000 | |
| CY2011Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
4317000000 | |
| CY2009Q4 | us-gaap |
Assets
Assets
|
17473000000 | |
| CY2010Q4 | us-gaap |
Assets
Assets
|
20580000000 | |
| CY2011Q4 | us-gaap |
Assets
Assets
|
25429000000 | |
| CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
513000000 | |
| CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
267000000 | |
| CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1202000000 | |
| CY2010Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1511000000 | |
| CY2011Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1528000000 | |
| CY2009 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-73000000 | |
| CY2010 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
155000000 | |
| CY2011 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
80000000 | |
| CY2009 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
621000000 | |
| CY2010 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
744000000 | |
| CY2011 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1035000000 | |
| CY2009 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
65000000 | |
| CY2010 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
237000000 | |
| CY2011 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
226000000 | |
| CY2009 | us-gaap |
Interest Expense
InterestExpense
|
5000000 | |
| CY2010 | us-gaap |
Interest Expense
InterestExpense
|
7000000 | |
| CY2011 | us-gaap |
Interest Expense
InterestExpense
|
3000000 | |
| CY2010Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
527000000 | |
| CY2011Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
843000000 | |
| CY2010Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
500000000 | |
| CY2011Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
430000000 | |
| CY2011Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
186000000 | |
| CY2011Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
20000000 | |
| CY2011Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
52000000 | |
| CY2011Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
56000000 | |
| CY2011Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
92000000 | |
| CY2011Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
24000000 | |
| CY2010Q4 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
1640000000 | |
| CY2011Q4 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
2645000000 | |
| CY2009Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
12852000000 | |
| CY2010Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
15905000000 | |
| CY2011Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
19162000000 | |
| CY2011Q4 | us-gaap |
Recorded Unconditional Purchase Obligation
RecordedUnconditionalPurchaseObligation
|
369000000 | |
| CY2011Q4 | us-gaap |
Recorded Unconditional Purchase Obligation Due After Fifth Year
RecordedUnconditionalPurchaseObligationDueAfterFifthYear
|
163000000 | |
| CY2011Q4 | us-gaap |
Recorded Unconditional Purchase Obligation Due In Fifth Year
RecordedUnconditionalPurchaseObligationDueInFifthYear
|
39000000 | |
| CY2011Q4 | us-gaap |
Recorded Unconditional Purchase Obligation Due In Fourth Year
RecordedUnconditionalPurchaseObligationDueInFourthYear
|
39000000 | |
| CY2011Q4 | us-gaap |
Recorded Unconditional Purchase Obligation Due In Second Year
RecordedUnconditionalPurchaseObligationDueInSecondYear
|
40000000 | |
| CY2011Q4 | us-gaap |
Recorded Unconditional Purchase Obligation Due In Third Year
RecordedUnconditionalPurchaseObligationDueInThirdYear
|
40000000 | |
| CY2011Q4 | us-gaap |
Recorded Unconditional Purchase Obligation Due Within One Year
RecordedUnconditionalPurchaseObligationDueWithinOneYear
|
48000000 | |
| CY2009 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1106000000 | |
| CY2010 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1070000000 | |
| CY2011 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1168000000 |
