2011 Q4 Form 10-K Financial Statement

#000104746913002037 Filed on March 01, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $4.653B $4.596B $4.406B
YoY Change 170.21% 162.93% 148.65%
Cost Of Revenue $1.958B $1.950B $1.781B
YoY Change 209.81% 204.21% 184.05%
Gross Profit $2.695B $2.646B $2.625B
YoY Change 147.25% 139.02% 129.26%
Gross Profit Margin 57.92% 57.57% 59.58%
Selling, General & Admin $849.0M $870.0M $968.0M
YoY Change 261.28% 291.89% 313.68%
% of Gross Profit 31.5% 32.88% 36.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.252B $1.228B $1.178B
YoY Change 243.01% 243.11% 229.0%
% of Gross Profit 46.46% 46.41% 44.86%
Operating Expenses $2.101B $4.048B $3.926B
YoY Change 250.17% 597.93% 563.18%
Operating Profit $533.0M $548.0M $480.0M
YoY Change 8.78% 3.98% -13.2%
Interest Expense -$340.0M $324.0M $280.0M
YoY Change 165.63% -334.78% -300.0%
% of Operating Profit -63.79% 59.12% 58.33%
Other Income/Expense, Net $6.000M -$317.0M -$294.0M
YoY Change 500.0% -8025.0% -7450.0%
Pretax Income $192.0M $231.0M $186.0M
YoY Change -46.52% -37.9% -51.94%
Income Tax $83.00M $93.00M $71.00M
% Of Pretax Income 43.23% 40.26% 38.17%
Net Earnings $109.0M $138.0M $115.0M
YoY Change -51.56% -40.52% -51.68%
Net Earnings / Revenue 2.34% 3.0% 2.61%
Basic Earnings Per Share $0.18 $0.22 $0.19
Diluted Earnings Per Share $0.18 $0.22 $0.19
COMMON SHARES
Basic Shares Outstanding 612.3M shares 598.9M shares
Diluted Shares Outstanding 613.7M shares 600.3M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $128.0M $1.123B $2.546B
YoY Change -26.01% 362.14% 1268.82%
Cash & Equivalents $128.0M $1.123B $2.546B
Short-Term Investments
Other Short-Term Assets $393.0M $630.0M $624.0M
YoY Change 153.55% 452.63% 433.33%
Inventory $107.0M
Prepaid Expenses $240.0M
Receivables $1.950B $1.998B $1.830B
Other Receivables $354.0M $57.00M $7.000M
Total Short-Term Assets $3.517B $3.808B $5.007B
YoY Change 207.7% 210.35% 361.9%
LONG-TERM ASSETS
Property, Plant & Equipment $19.44B $19.29B $18.02B
YoY Change 122.12% 119.15% 103.29%
Goodwill $21.73B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $869.0M $832.0M $778.0M
YoY Change 164.94% 29.8% 19.69%
Total Long-Term Assets $52.53B $52.93B $49.84B
YoY Change 151.39% 152.12% 136.01%
TOTAL ASSETS
Total Short-Term Assets $3.517B $3.808B $5.007B
Total Long-Term Assets $52.53B $52.93B $49.84B
Total Assets $56.04B $56.74B $54.84B
YoY Change 154.31% 155.33% 147.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.400B $1.360B $1.256B
YoY Change 366.67% 364.16% 320.07%
Accrued Expenses $926.0M $1.087B $1.034B
YoY Change 252.09% 189.1% 184.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $480.0M $1.034B $1.610B
YoY Change 3900.0% 108.05% 223.94%
Total Short-Term Liabilities $4.017B $4.737B $5.064B
YoY Change 297.33% 187.09% 210.67%
LONG-TERM LIABILITIES
Long-Term Debt $21.36B $21.14B $19.73B
YoY Change 191.91% 199.38% 174.89%
Other Long-Term Liabilities $6.044B $5.364B $5.297B
YoY Change 256.58% 226.48% 226.37%
Total Long-Term Liabilities $27.40B $26.51B $25.03B
YoY Change 204.07% 204.49% 184.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.017B $4.737B $5.064B
Total Long-Term Liabilities $27.40B $26.51B $25.03B
Total Liabilities $35.22B $34.76B $33.20B
YoY Change 184.21% 175.41% 162.35%
SHAREHOLDERS EQUITY
Retained Earnings $2.319B
YoY Change
Common Stock $619.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.83B $21.98B $21.65B
YoY Change
Total Liabilities & Shareholders Equity $56.04B $56.74B $54.84B
YoY Change 154.31% 155.33% 147.04%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income $109.0M $138.0M $115.0M
YoY Change -51.56% -40.52% -51.68%
Depreciation, Depletion And Amortization $1.252B $1.228B $1.178B
YoY Change 243.01% 243.11% 229.0%
Cash From Operating Activities $728.0M $1.455B $1.348B
YoY Change 29.19% 142.38% 221.23%
INVESTING ACTIVITIES
Capital Expenditures -$900.0M -$721.0M -$579.4M
YoY Change 240.65% 203.45% 197.13%
Acquisitions
YoY Change
Other Investing Activities $2.000M -$1.666B $425.6M
YoY Change -35.48% 416400.0% 11722.22%
Cash From Investing Activities -$898.0M -$2.387B -$153.8M
YoY Change 243.93% 903.36% -19.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -818.0M -476.0M 1.082B
YoY Change 119.48% 55.76% -535.59%
NET CHANGE
Cash From Operating Activities 728.0M 1.455B 1.348B
Cash From Investing Activities -898.0M -2.387B -153.8M
Cash From Financing Activities -818.0M -476.0M 1.082B
Net Change In Cash -988.0M -1.408B 2.276B
YoY Change 1305.41% -2578.87% -11369.31%
FREE CASH FLOW
Cash From Operating Activities $728.0M $1.455B $1.348B
Capital Expenditures -$900.0M -$721.0M -$579.4M
Free Cash Flow $1.628B $2.176B $1.928B
YoY Change 96.69% 159.7% 213.58%

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CY2011 us-gaap Payments To Acquire Property Plant And Equipment
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<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <ul> <li style="list-style: none"> <p style="FONT-FAMILY: times"><font size="2"><b>Use of Estimates</b></font></p></li></ul> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Our consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles. These accounting principles require us to make certain estimates, judgments and assumptions. We believe that the estimates, judgments and assumptions we made when accounting for items and matters such as, but not limited to, investments, long-term contracts, customer retention patterns, allowance for doubtful accounts, depreciation, amortization, asset valuations, internal labor capitalization rates, recoverability of assets (including deferred tax assets), impairment assessments, pension, post-retirement and other post-employment benefits, taxes, certain liabilities and other provisions and contingencies are reasonable, based on information available at the time they were made. These estimates, judgments and assumptions can affect the reported amounts of assets, liabilities and components of stockholders' equity as of the dates of the consolidated balance sheets, as well as the reported amounts of revenue, expenses and components of cash flows during the periods presented in our consolidated statements of operations, our consolidated statements of comprehensive (loss) income and our consolidated statements of cash flows. We also make estimates in our assessments of potential losses in relation to threatened or pending tax and legal matters. See Note&#160;12&#8212;Income Taxes and Note&#160;15&#8212;Commitments and Contingencies for additional information.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For matters not related to income taxes, if a loss is considered probable and the amount can be reasonably estimated, we recognize an expense for the estimated loss. If we have the potential to recover a portion of the estimated loss from a third party, we make a separate assessment of recoverability and reduce the estimated loss if recovery is also deemed probable.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For matters related to income taxes, if the impact of an uncertain tax position is more likely than not to be sustained upon audit by the relevant taxing authority, then we recognize a benefit for the largest amount that is more likely than not to be sustained. No portion of an uncertain tax position will be recognized if the position has less than a 50% likelihood of being sustained. Interest is recognized on the amount of unrecognized benefit from uncertain tax positions.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For all of these and other matters, actual results could differ from our estimates.</font></p></div>
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CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2012 ctl Income Tax Rate Reconciliation Nondeductible Compensation Pursuant To Executive Compensation Limitations
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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ProceedsFromPaymentsForOtherFinancingActivities
2000000 USD
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
3000000 USD
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
432000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
4000000 USD
CY2012 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
1000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
1000000 USD
CY2012Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
20587000000 USD
CY2013Q1 ctl Other Current Assets Disposals
OtherCurrentAssetsDisposals
43000000 USD
CY2013Q1 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
32000000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
6065000000 USD
CY2012 ctl Number Of Operating Segments For Which Certain Expenses Are Allocated From Enterprise Markets Data Hosting Segment
NumberOfOperatingSegmentsForWhichCertainExpensesAreAllocatedFromEnterpriseMarketsDataHostingSegment
3 segment
CY2012 ctl Number Of Groups Of Products And Services Included In Segment Revenue
NumberOfGroupsOfProductsAndServicesIncludedInSegmentRevenue
3 item
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
88000000 USD
CY2010Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
311000000 USD
CY2011 ctl Unrecognized Tax Benefits Pertaining To Business Acquisitions
UnrecognizedTaxBenefitsPertainingToBusinessAcquisitions
206000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3000000 USD
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
13000000 USD
CY2011 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
52000000 USD
us-gaap Depreciation
Depreciation
15000000 USD
CY2012 ctl Capital Leased Assets Acquired During Period
CapitalLeasedAssetsAcquiredDuringPeriod
209000000 USD
CY2011 ctl Capital Leased Assets Acquired During Period
CapitalLeasedAssetsAcquiredDuringPeriod
696000000 USD
CY2012Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
281000000 USD
CY2012 ctl Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
6000000 USD
CY2011 ctl Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
-15000000 USD
CY2010 ctl Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
0 USD
CY2012 ctl Effective Income Tax Rate Reconciliation Reversal Of Valuation Allowance On Sale Of Securities
EffectiveIncomeTaxRateReconciliationReversalOfValuationAllowanceOnSaleOfSecurities
-0.012 pure
CY2012 ctl Valuation Allowance Reversal
ValuationAllowanceReversal
16000000 USD
CY2012 ctl Operating Loss Carryforwards Benefit On Sale Of Securities Net Of Valuation Allowance
OperatingLossCarryforwardsBenefitOnSaleOfSecuritiesNetOfValuationAllowance
12000000 USD
CY2012 ctl Income Tax Reconciliation Reversal Of Valuation Allowance On Sale Of Securities
IncomeTaxReconciliationReversalOfValuationAllowanceOnSaleOfSecurities
6000000 USD
CY2011 ctl Valuation Allowance Reversal
ValuationAllowanceReversal
16000000 USD
CY2012 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
191000000 USD
CY2012Q4 ctl Accounts Receivables Trade And Purchased Current
AccountsReceivablesTradeAndPurchasedCurrent
1782000000 USD
CY2011Q4 ctl Accounts Receivables Trade And Purchased Current
AccountsReceivablesTradeAndPurchasedCurrent
1768000000 USD
CY2012 ctl Defined Benefit Plan Health Care Participating Management Employees Contribution
DefinedBenefitPlanHealthCareParticipatingManagementEmployeesContribution
113000000 USD
CY2011 ctl Defined Benefit Plan Health Care Participating Management Employees Contribution
DefinedBenefitPlanHealthCareParticipatingManagementEmployeesContribution
90000000 USD
CY2010 ctl Defined Benefit Plan Health Care Participating Management Employees Contribution
DefinedBenefitPlanHealthCareParticipatingManagementEmployeesContribution
47000000 USD

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