2011 Q1 Form 10-K Financial Statement
#000119312512204736 Filed on May 02, 2012
Income Statement
| Concept | 2011 Q1 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| Revenue | $28.85B | $28.25B | $27.53B |
| YoY Change | 8.29% | -0.09% | 1.49% |
| Cost Of Revenue | $27.10B | $26.79B | $26.17B |
| YoY Change | 8.15% | -0.12% | 1.45% |
| Gross Profit | $1.751B | $1.461B | $1.366B |
| YoY Change | 10.61% | 0.41% | 2.32% |
| Gross Profit Margin | 6.07% | 5.17% | 4.96% |
| Selling, General & Admin | |||
| YoY Change | |||
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $144.0M | $114.0M | $118.0M |
| YoY Change | 16.13% | -9.52% | 4.42% |
| % of Gross Profit | 8.22% | 7.8% | 8.64% |
| Operating Expenses | $1.128B | $931.0M | $925.0M |
| YoY Change | 11.68% | -1.59% | 4.17% |
| Operating Profit | $623.0M | $530.0M | $441.0M |
| YoY Change | 8.73% | 4.13% | -1.34% |
| Interest Expense | -$82.00M | -$53.00M | -$44.00M |
| YoY Change | 82.22% | 12.77% | -6.38% |
| % of Operating Profit | -13.16% | -10.0% | -9.98% |
| Other Income/Expense, Net | $17.00M | $7.000M | $3.000M |
| YoY Change | 325.0% | -72.0% | -25.0% |
| Pretax Income | $558.0M | $261.0M | $376.0M |
| YoY Change | 4.89% | -46.41% | -11.32% |
| Income Tax | $136.0M | $106.0M | $121.0M |
| % Of Pretax Income | 24.37% | 40.61% | 32.18% |
| Net Earnings | $422.0M | $155.0M | $327.0M |
| YoY Change | 21.26% | -52.45% | 8.64% |
| Net Earnings / Revenue | 1.46% | 0.55% | 1.19% |
| Basic Earnings Per Share | $1.65 | $0.61 | $1.27 |
| Diluted Earnings Per Share | $1.62 | $0.60 | $1.25 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 254.0M shares | 258.0M shares | |
| Diluted Shares Outstanding | 258.0M shares |
Balance Sheet
| Concept | 2011 Q1 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $3.612B | $3.213B | $3.050B |
| YoY Change | -3.19% | -6.27% | -5.13% |
| Cash & Equivalents | $3.612B | $3.213B | $3.050B |
| Short-Term Investments | |||
| Other Short-Term Assets | $333.0M | $286.0M | $256.0M |
| YoY Change | 29.57% | 7.92% | -8.24% |
| Inventory | $9.225B | $9.547B | $8.763B |
| Prepaid Expenses | |||
| Receivables | $9.187B | $8.647B | $8.175B |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $22.36B | $21.69B | $20.24B |
| YoY Change | 3.97% | 4.02% | 1.58% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $991.0M | $934.0M | $860.0M |
| YoY Change | 16.45% | 11.86% | 2.87% |
| Goodwill | $4.364B | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $1.566B | $1.699B | $1.484B |
| YoY Change | 5.74% | 15.19% | 2.2% |
| Total Long-Term Assets | $8.529B | $8.703B | $6.548B |
| YoY Change | 27.58% | 30.19% | -2.18% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $22.36B | $21.69B | $20.24B |
| Total Long-Term Assets | $8.529B | $8.703B | $6.548B |
| Total Assets | $30.89B | $30.40B | $26.79B |
| YoY Change | 9.57% | 10.37% | 0.63% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $14.09B | $13.58B | $12.83B |
| YoY Change | 6.3% | 4.3% | 1.15% |
| Accrued Expenses | $1.861B | $1.890B | $1.411B |
| YoY Change | 19.37% | -22.22% | -44.03% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $417.0M | $1.757B | |
| YoY Change | 13800.0% | 709.68% | |
| Total Short-Term Liabilities | $18.73B | $19.69B | $16.39B |
| YoY Change | 10.08% | 16.36% | -0.21% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $3.587B | $2.305B | $2.279B |
| YoY Change | 56.43% | 0.48% | -0.65% |
| Other Long-Term Liabilities | $1.353B | $1.326B | $1.313B |
| YoY Change | 0.07% | 10.13% | 10.24% |
| Total Long-Term Liabilities | $4.940B | $3.631B | $3.592B |
| YoY Change | 35.53% | 3.8% | 3.07% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $18.73B | $19.69B | $16.39B |
| Total Long-Term Liabilities | $4.940B | $3.631B | $3.592B |
| Total Liabilities | $23.67B | $23.32B | $19.98B |
| YoY Change | 14.57% | 14.2% | 0.36% |
| 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 | $7.220B | $7.080B | $6.815B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $30.89B | $30.40B | $26.79B |
| YoY Change | 9.57% | 10.37% | 0.63% |
Cashflow Statement
| Concept | 2011 Q1 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $422.0M | $155.0M | $327.0M |
| YoY Change | 21.26% | -52.45% | 8.64% |
| Depreciation, Depletion And Amortization | $144.0M | $114.0M | $118.0M |
| YoY Change | 16.13% | -9.52% | 4.42% |
| Cash From Operating Activities | $1.000B | $540.0M | $270.0M |
| YoY Change | 69.2% | 181.25% | -56.87% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$120.0M | -$86.00M | -$95.00M |
| YoY Change | 12.15% | 4.88% | -7.77% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$38.00M | -$285.0M | $79.00M |
| YoY Change | -3900.0% | -501.41% | -2733.33% |
| Cash From Investing Activities | -$158.0M | -$371.0M | -$16.00M |
| YoY Change | 49.06% | 3272.73% | -84.91% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -445.0M | -20.00M | -473.0M |
| YoY Change | 141.85% | -166.67% | -1413.89% |
| NET CHANGE | |||
| Cash From Operating Activities | 1.000B | 540.0M | 270.0M |
| Cash From Investing Activities | -158.0M | -371.0M | -16.00M |
| Cash From Financing Activities | -445.0M | -20.00M | -473.0M |
| Net Change In Cash | 397.0M | 149.0M | -219.0M |
| YoY Change | 31.89% | -29.38% | -139.39% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $1.000B | $540.0M | $270.0M |
| Capital Expenditures | -$120.0M | -$86.00M | -$95.00M |
| Free Cash Flow | $1.120B | $626.0M | $365.0M |
| YoY Change | 60.46% | 128.47% | -49.93% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2010Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.97 | |
| CY2010Q4 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.60 | |
| CY2011Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.62 | |
| CY2012 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
5.59 | |
| CY2010 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.00 | |
| CY2010Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.00 | |
| CY2011 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.28 | |
| CY2010Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.28 | |
| CY2010Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.00 | |
| CY2011Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.00 | |
| CY2012 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.00 | |
| CY2010 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.00 | |
| CY2010Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.00 | |
| CY2011 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.28 | |
| CY2010Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.28 | |
| CY2010Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.00 | |
| CY2011Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.00 | |
| CY2012 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.00 | |
| CY2010 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
6000000 | |
| CY2011 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-6000000 | |
| CY2012 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
9000000 | |
| CY2010Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
298000000 | |
| CY2010Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
327000000 | |
| CY2010Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
155000000 | |
| CY2011Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
422000000 | |
| CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
246000000 | |
| CY2010 | us-gaap |
Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
|
199000000 | |
| CY2011 | us-gaap |
Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
|
233000000 | |
| CY2012 | us-gaap |
Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
|
225000000 | |
| CY2010 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
477000000 | |
| CY2011 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
496000000 | |
| CY2012 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
551000000 | |
| CY2010 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.70 | |
| CY2010Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.12 | |
| CY2011 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.65 | |
| CY2010Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.27 | |
| CY2010Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.61 | |
| CY2011Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.65 | |
| CY2011Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.15 | |
| CY2012 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
5.70 | |
| CY2011Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.20 | |
| CY2011Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.22 | |
| CY2012Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.14 | |
| CY2010 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.62 | |
| CY2010Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.10 | |
| CY2011 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.57 | |
| CY2010Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.25 | |
| CY2010Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.60 | |
| CY2011Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.62 | |
| CY2011Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.13 | |
| CY2012 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
5.59 | |
| CY2011Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.18 | |
| CY2011Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.20 | |
| CY2012Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.09 | |
| CY2010 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
41000000 | |
| CY2011 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
48000000 | |
| CY2012 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
55000000 | |
| CY2010 | us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
17000000 | |
| CY2011 | us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
0 | |
| CY2012 | us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
0 | |
| CY2010 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
4.70 | |
| CY2010Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.12 | |
| CY2011 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
4.37 | |
| CY2010Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.99 | |
| CY2010Q4 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.61 | |
| CY2011Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.65 | |
| CY2012 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
5.70 | |
| CY2010 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
4.62 | |
| CY2010Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.10 | |
| CY2011Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
286000000 | |
| CY2011Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
296000000 | |
| CY2011Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
300000000 | |
| CY2011 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
4.29 | |
| CY2012Q1 | us-gaap |
Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
|
868000000 | |
| CY2009Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
33000000 | |
| CY2010Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
394000000 | |
| CY2011Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
269000000 | |
| CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
226000000 | |
| CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
142000000 | |
| CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
225000000 | |
| CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
7000000 | |
| CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
56.71 | |
| CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
521000000 | |
| CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm
|
4 | |
| CY2010 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
8000000 | |
| CY2011 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
29000000 | |
| CY2012 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
20000000 | |
| CY2010Q1 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
155000000 | |
| CY2011Q1 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
140000000 | |
| CY2012Q1 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
125000000 | |
| CY2010 | us-gaap |
Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
|
17000000 | |
| CY2011 | us-gaap |
Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
|
3000000 | |
| CY2012 | us-gaap |
Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
|
0 | |
| CY2010 | us-gaap |
Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
|
49000000 | |
| CY2011 | us-gaap |
Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
|
36000000 | |
| CY2012 | us-gaap |
Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
|
50000000 |
