2011 Q1 Form 10-Q Financial Statement
#000119312511130601 Filed on May 06, 2011
Income Statement
| Concept | 2011 Q1 | 2010 Q1 |
|---|---|---|
| Revenue | $6.387B | $5.807B |
| YoY Change | 9.99% | 2.45% |
| Cost Of Revenue | $4.625B | $4.464B |
| YoY Change | 3.61% | 19.65% |
| Gross Profit | $1.762B | $1.343B |
| YoY Change | 31.2% | -30.67% |
| Gross Profit Margin | 27.59% | 23.13% |
| Selling, General & Admin | $865.0M | $783.0M |
| YoY Change | 10.47% | -1.26% |
| % of Gross Profit | 49.09% | 58.3% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $340.0M | $371.0M |
| YoY Change | -8.36% | 8.16% |
| % of Gross Profit | 19.3% | 27.62% |
| Operating Expenses | $1.211B | $1.154B |
| YoY Change | 4.94% | 1.58% |
| Operating Profit | $551.0M | $189.0M |
| YoY Change | 191.53% | -76.4% |
| Interest Expense | $150.0M | $158.0M |
| YoY Change | -5.06% | -196.34% |
| % of Operating Profit | 27.22% | 83.6% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $368.0M | -$175.0M |
| YoY Change | -310.29% | -133.78% |
| Income Tax | $123.0M | -$24.00M |
| % Of Pretax Income | 33.42% | |
| Net Earnings | $354.0M | -$154.0M |
| YoY Change | -329.87% | -159.92% |
| Net Earnings / Revenue | 5.54% | -2.65% |
| Basic Earnings Per Share | $0.82 | -$0.36 |
| Diluted Earnings Per Share | $0.81 | -$0.36 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 430.2M | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2011 Q1 | 2010 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $2.049B | $1.749B |
| YoY Change | 17.15% | 83.14% |
| Cash & Equivalents | $2.073B | $1.749B |
| Short-Term Investments | ||
| Other Short-Term Assets | $621.0M | $788.0M |
| YoY Change | -21.19% | 103.62% |
| Inventory | $2.390B | $2.145B |
| Prepaid Expenses | ||
| Receivables | $3.428B | $2.867B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $8.488B | $7.549B |
| YoY Change | 12.44% | 5.77% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $12.72B | $12.97B |
| YoY Change | -1.98% | -9.92% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $1.095B | $1.077B |
| YoY Change | 1.67% | -7.71% |
| Other Assets | $977.0M | $1.277B |
| YoY Change | -23.49% | -8.92% |
| Total Long-Term Assets | $17.11B | $17.59B |
| YoY Change | -2.76% | -7.8% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $8.488B | $7.549B |
| Total Long-Term Assets | $17.11B | $17.59B |
| Total Assets | $25.60B | $25.14B |
| YoY Change | 1.8% | -4.11% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.541B | $2.217B |
| YoY Change | 14.61% | 15.77% |
| Accrued Expenses | $355.0M | $325.0M |
| YoY Change | 9.23% | -8.19% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $375.0M | $358.0M |
| YoY Change | 4.75% | -33.21% |
| Total Short-Term Liabilities | $4.497B | $4.083B |
| YoY Change | 10.14% | -6.16% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $8.156B | $8.597B |
| YoY Change | -5.13% | -21.55% |
| Other Long-Term Liabilities | $2.562B | $4.018B |
| YoY Change | -36.24% | -12.37% |
| Total Long-Term Liabilities | $10.72B | $12.62B |
| YoY Change | -15.04% | -18.84% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.497B | $4.083B |
| Total Long-Term Liabilities | $10.72B | $12.62B |
| Total Liabilities | $18.28B | $19.32B |
| YoY Change | -5.42% | -12.47% |
| 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 | $7.320B | $5.819B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $25.60B | $25.14B |
| YoY Change | 1.8% | -4.11% |
Cashflow Statement
| Concept | 2011 Q1 | 2010 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $354.0M | -$154.0M |
| YoY Change | -329.87% | -159.92% |
| Depreciation, Depletion And Amortization | $340.0M | $371.0M |
| YoY Change | -8.36% | 8.16% |
| Cash From Operating Activities | $514.0M | $159.0M |
| YoY Change | 223.27% | -79.97% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$181.0M | -$120.0M |
| YoY Change | 50.83% | -6.25% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$126.0M | -$31.00M |
| YoY Change | 306.45% | -52.31% |
| Cash From Investing Activities | -$307.0M | -$151.0M |
| YoY Change | 103.31% | -21.76% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -280.0M | -149.0M |
| YoY Change | 87.92% | -80.37% |
| NET CHANGE | ||
| Cash From Operating Activities | 514.0M | 159.0M |
| Cash From Investing Activities | -307.0M | -151.0M |
| Cash From Financing Activities | -280.0M | -149.0M |
| Net Change In Cash | -73.00M | -141.0M |
| YoY Change | -48.23% | -10.76% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $514.0M | $159.0M |
| Capital Expenditures | -$181.0M | -$120.0M |
| Free Cash Flow | $695.0M | $279.0M |
| YoY Change | 149.1% | -69.74% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
430200000 | |
| CY2010Q1 | ip |
Costs Related To Early Retirement Of Debt Pre Tax
CostsRelatedToEarlyRetirementOfDebtPreTax
|
5000000 | |
| CY2011Q1 | ip |
Costs Related To Early Retirement Of Debt Pre Tax
CostsRelatedToEarlyRetirementOfDebtPreTax
|
32000000 | |
| CY2010Q4 | ip |
Goodwill Accumulated Impairments
GoodwillAccumulatedImpairments
|
3429000000 | |
| CY2011Q1 | ip |
Goodwill Accumulated Impairments
GoodwillAccumulatedImpairments
|
3429000000 | |
| CY2011Q1 | ip |
Goodwill Reclassifications And Other
GoodwillReclassificationsAndOther
|
17000000 | |
| CY2010Q1 | ip |
Income From Equity Method Investment And Income Attributable To Noncontrolling Interests
IncomeFromEquityMethodInvestmentAndIncomeAttributableToNoncontrollingInterests
|
8000000 | |
| CY2011Q1 | ip |
Income From Equity Method Investment And Income Attributable To Noncontrolling Interests
IncomeFromEquityMethodInvestmentAndIncomeAttributableToNoncontrollingInterests
|
-2000000 | |
| CY2010Q1 | ip |
Incremental Common Shares Attributable To Performance And Restricted Stock
IncrementalCommonSharesAttributableToPerformanceAndRestrictedStock
|
0 | |
| CY2011Q1 | ip |
Incremental Common Shares Attributable To Performance And Restricted Stock
IncrementalCommonSharesAttributableToPerformanceAndRestrictedStock
|
3600000 | |
| CY2010Q1 | ip |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
0 | |
| CY2011Q1 | ip |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
0 | |
| CY2010Q1 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | |
| CY2011Q1 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | |
| CY2010Q1 | us-gaap |
Interest Expense
InterestExpense
|
158000000 | |
| CY2011Q1 | us-gaap |
Interest Expense
InterestExpense
|
150000000 | |
| CY2010Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
9000000 | |
| CY2011Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
14000000 | |
| CY2010Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
120000000 | |
| CY2011Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
129000000 | |
| CY2010Q1 | us-gaap |
Segment Reporting Segment Operating Profit Loss
SegmentReportingSegmentOperatingProfitLoss
|
20000000 | |
| CY2011Q1 | us-gaap |
Segment Reporting Segment Operating Profit Loss
SegmentReportingSegmentOperatingProfitLoss
|
585000000 |
