2010 Q4 Form 10-K Financial Statement
#000093041312001031 Filed on February 23, 2012
Income Statement
| Concept | 2010 Q4 | 2010 | 2009 Q4 |
|---|---|---|---|
| Revenue | $382.3M | $1.289B | $328.8M |
| YoY Change | 16.27% | 13.05% | -5.33% |
| Cost Of Revenue | $165.0M | $552.2M | $146.5M |
| YoY Change | 12.63% | 10.79% | -6.45% |
| Gross Profit | $217.3M | $736.2M | $182.3M |
| YoY Change | 19.2% | 14.78% | -4.4% |
| Gross Profit Margin | 56.84% | 57.14% | 55.44% |
| Selling, General & Admin | $154.8M | $543.2M | $131.0M |
| YoY Change | 18.17% | 13.88% | 2.66% |
| % of Gross Profit | 71.24% | 73.78% | 71.86% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $8.700M | $35.90M | $6.600M |
| YoY Change | 31.82% | 32.96% | -9.59% |
| % of Gross Profit | 4.0% | 4.88% | 3.62% |
| Operating Expenses | $163.4M | $579.1M | $137.7M |
| YoY Change | 18.66% | 14.9% | 2.08% |
| Operating Profit | $53.90M | $157.1M | $44.60M |
| YoY Change | 20.85% | 14.34% | -20.07% |
| Interest Expense | -$6.000M | -$15.60M | -$2.900M |
| YoY Change | 106.9% | -2.5% | -36.96% |
| % of Operating Profit | -11.13% | -9.93% | -6.5% |
| Other Income/Expense, Net | -$300.0K | $400.0K | -$400.0K |
| YoY Change | -25.0% | -113.79% | -500.0% |
| Pretax Income | $46.70M | $134.1M | $38.40M |
| YoY Change | 21.61% | 16.1% | -25.15% |
| Income Tax | $10.00M | $37.80M | $12.70M |
| % Of Pretax Income | 21.41% | 28.19% | 33.07% |
| Net Earnings | $36.70M | $96.30M | $25.70M |
| YoY Change | 42.8% | 16.02% | -23.51% |
| Net Earnings / Revenue | 9.6% | 7.47% | 7.82% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $368.5K | $964.9K | $259.1K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 95.75M shares | ||
| Diluted Shares Outstanding | 99.83M shares |
Balance Sheet
| Concept | 2010 Q4 | 2010 | 2009 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $120.2M | $120.2M | $116.6M |
| YoY Change | 3.09% | 3.09% | -17.25% |
| Cash & Equivalents | $120.2M | $120.2M | $116.6M |
| Short-Term Investments | |||
| Other Short-Term Assets | $136.1M | $136.1M | $123.7M |
| YoY Change | 10.02% | 10.02% | 30.21% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $364.8M | $364.8M | $317.6M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $621.1M | $621.1M | $557.8M |
| YoY Change | 11.35% | 11.35% | 0.6% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $47.60M | $47.60M | $52.50M |
| YoY Change | -9.33% | -9.33% | -15.19% |
| Goodwill | $510.3M | $513.6M | |
| YoY Change | -0.65% | ||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $93.10M | $93.10M | $67.30M |
| YoY Change | 38.34% | 38.34% | -11.33% |
| Total Long-Term Assets | $97.19M | $664.6M | $90.22M |
| YoY Change | 7.73% | 1.08% | -83.25% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $621.1M | $621.1M | $557.8M |
| Total Long-Term Assets | $97.19M | $664.6M | $90.22M |
| Total Assets | $1.286B | $1.286B | $1.215B |
| YoY Change | 5.79% | 5.79% | 11.18% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $247.7M | $17.80M | $256.0M |
| YoY Change | -3.24% | -35.04% | 16.68% |
| Accrued Expenses | $169.0M | ||
| YoY Change | 1.02% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $40.20M | $40.20M | $205.0M |
| YoY Change | -80.39% | -80.39% | 15.3% |
| Total Short-Term Liabilities | $811.2M | $811.2M | $898.2M |
| YoY Change | -9.69% | -9.69% | 13.35% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $180.0M | $180.0M | $124.0M |
| YoY Change | 45.16% | 45.16% | -48.01% |
| Other Long-Term Liabilities | $107.5M | $107.5M | $80.60M |
| YoY Change | 33.37% | 33.37% | -3.47% |
| Total Long-Term Liabilities | $287.5M | $287.5M | $204.6M |
| YoY Change | 40.52% | 40.52% | -36.46% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $811.2M | $811.2M | $898.2M |
| Total Long-Term Liabilities | $287.5M | $287.5M | $204.6M |
| Total Liabilities | $1.099B | $1.099B | $1.103B |
| YoY Change | -0.37% | -0.37% | -1.05% |
| 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 | $187.1M | $187.1M | $112.5M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.286B | $1.286B | $1.215B |
| YoY Change | 5.79% | 5.79% | 11.18% |
Cashflow Statement
| Concept | 2010 Q4 | 2010 | 2009 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $36.70M | $96.30M | $25.70M |
| YoY Change | 42.8% | 16.02% | -23.51% |
| Depreciation, Depletion And Amortization | $8.700M | $35.90M | $6.600M |
| YoY Change | 31.82% | 32.96% | -9.59% |
| Cash From Operating Activities | $79.10M | $205.5M | $44.30M |
| YoY Change | 78.56% | 26.93% | -5.74% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$9.500M | -$21.70M | -$4.000M |
| YoY Change | 137.5% | 43.71% | -33.33% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | -$12.20M | -$104.5M |
| YoY Change | -100.0% | -88.33% | -104600.0% |
| Cash From Investing Activities | -$9.400M | -$33.80M | -$108.6M |
| YoY Change | -91.34% | -71.76% | 1680.33% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -98.10M | -171.6M | 68.50M |
| YoY Change | -243.21% | 132.52% | -319.55% |
| NET CHANGE | |||
| Cash From Operating Activities | 79.10M | 205.5M | 44.30M |
| Cash From Investing Activities | -9.400M | -33.80M | -108.6M |
| Cash From Financing Activities | -98.10M | -171.6M | 68.50M |
| Net Change In Cash | -28.40M | 100.0K | 4.200M |
| YoY Change | -776.19% | -100.32% | -56.7% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $79.10M | $205.5M | $44.30M |
| Capital Expenditures | -$9.500M | -$21.70M | -$4.000M |
| Free Cash Flow | $88.60M | $227.2M | $48.30M |
| YoY Change | 83.44% | 28.36% | -8.87% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2009Q4 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
14358000 | |
| CY2009Q4 | us-gaap |
Goodwill
Goodwill
|
513612000 | |
| CY2009Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
90224000 | |
| CY2009Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
3217000 | |
| CY2009Q4 | us-gaap |
Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
|
14358000 | |
| CY2010Q4 | us-gaap |
Lease Incentive Receivable Noncurrent
LeaseIncentiveReceivableNoncurrent
|
24570000 | |
| CY2010Q4 | us-gaap |
Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
|
2130000 | |
| CY2010Q4 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
19730000 | |
| CY2010Q4 | us-gaap |
Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
|
-5449000 | |
| CY2010Q4 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
23813000 | |
| CY2010Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
97194000 | |
| CY2010Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
2205000 | |
| CY2010Q4 | us-gaap |
Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
|
17600000 | |
| CY2011Q4 | us-gaap |
Lease Incentive Receivable Noncurrent
LeaseIncentiveReceivableNoncurrent
|
16062000 | |
| CY2011Q4 | us-gaap |
Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
|
2480000 | |
| CY2011Q4 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
21160000 | |
| CY2011Q4 | us-gaap |
Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
|
-9717000 | |
| CY2011Q4 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
21046000 | |
| CY2011Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
119621000 | |
| CY2011Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
205650000 | |
| CY2011Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
2488000 | |
| CY2011Q4 | us-gaap |
Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
|
18680000 | |
| CY2009 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
2199000 | |
| CY2009 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
26066000 | |
| CY2009 | us-gaap |
Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
|
562000 | |
| CY2009 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
97549000 | shares |
| CY2010 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
2430000 | |
| CY2010 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
32634000 | |
| CY2010 | us-gaap |
Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
|
220000 | |
| CY2010 | us-gaap |
Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
|
1961000 | |
| CY2010 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
99834000 | shares |
| CY2011 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
2705000 | |
| CY2011 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
32865000 | |
| CY2011 | us-gaap |
Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
|
390000 | |
| CY2011 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
98846000 | shares |
