2008 Q4 Form 8-K Financial Statement

#000110465910029054 Filed on May 17, 2010

View on sec.gov

Income Statement

Concept 2008 Q4 2007 2006 Q4
Revenue $5.509B $24.46B $5.782B
YoY Change -11.23% 6.71% 8.58%
Cost Of Revenue $3.101B $12.74B $3.162B
YoY Change -5.97% 8.73% 20.59%
Gross Profit $2.408B $11.73B $2.620B
YoY Change -17.19% 4.61% -3.07%
Gross Profit Margin 43.71% 47.94% 45.31%
Selling, General & Admin $1.307B $5.015B $1.375B
YoY Change 2.59% -1.01% 15.45%
% of Gross Profit 54.28% 42.76% 52.48%
Research & Development $346.0M $1.368B $509.0M
YoY Change -3.62% -10.12% 58.07%
% of Gross Profit 14.37% 11.67% 19.43%
Depreciation & Amortization $307.0M $1.072B $351.0M
YoY Change 11.23% -0.65% 39.29%
% of Gross Profit 12.75% 9.14% 13.4%
Operating Expenses $1.653B $5.015B $1.884B
YoY Change 1.22% -1.01% 24.52%
Operating Profit $755.0M $6.193B $736.0M
YoY Change -40.78% 8.73% -38.15%
Interest Expense -$28.00M -$78.00M -$22.00M
YoY Change -15.15% 9.86% 83.33%
% of Operating Profit -3.71% -1.26% -2.99%
Other Income/Expense, Net -$78.00M
YoY Change 9.86%
Pretax Income $727.0M $6.115B $1.788B
YoY Change -41.23% 8.71% 51.78%
Income Tax $186.0M $1.964B $596.0M
% Of Pretax Income 25.58% 32.12% 33.33%
Net Earnings $536.0M $4.096B $1.176B
YoY Change -37.02% 6.36% 57.64%
Net Earnings / Revenue 9.73% 16.74% 20.34%
Basic Earnings Per Share $5.70
Diluted Earnings Per Share $769.5K $5.60 $1.571M
COMMON SHARES
Basic Shares Outstanding 718.3M shares
Diluted Shares Outstanding 732.0M shares

Balance Sheet

Concept 2008 Q4 2007 2006 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.222B $2.475B $1.918B
YoY Change -10.22% 29.04% 78.92%
Cash & Equivalents $1.849B $1.896B $1.447B
Short-Term Investments $373.0M $579.0M $471.0M
Other Short-Term Assets $1.168B $1.149B $1.325B
YoY Change 1.65% -13.28% 27.04%
Inventory $3.013B $2.852B $2.601B
Prepaid Expenses
Receivables $3.195B $3.362B $3.102B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.598B $9.838B $8.946B
YoY Change -2.44% 9.97% 25.73%
LONG-TERM ASSETS
Property, Plant & Equipment $6.886B $6.582B $5.907B
YoY Change 4.62% 11.43% 5.61%
Goodwill $5.753B $4.082B
YoY Change 25.37%
Intangibles $1.398B $708.0M
YoY Change 74.53%
Long-Term Investments $463.0M $778.0M $480.0M
YoY Change -40.49% 62.08% 76.47%
Other Assets $1.659B $2.106B $776.0M
YoY Change 127.88% 79.85% -78.11%
Total Long-Term Assets $16.20B $14.86B $12.35B
YoY Change 9.01% 20.31% -8.03%
TOTAL ASSETS
Total Short-Term Assets $9.598B $9.838B $8.946B
Total Long-Term Assets $16.20B $14.86B $12.35B
Total Assets $25.79B $24.69B $21.29B
YoY Change 4.45% 15.97% 3.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.301B $1.505B $1.402B
YoY Change -13.55% 7.35% 11.62%
Accrued Expenses $644.0M $580.0M $520.0M
YoY Change 11.03% 11.54% 10.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.552B $901.0M $2.506B
YoY Change 72.25% -64.05% 133.77%
Total Short-Term Liabilities $5.839B $5.362B $7.323B
YoY Change 8.9% -26.78% 39.81%
LONG-TERM LIABILITIES
Long-Term Debt $5.166B $4.019B $1.047B
YoY Change 28.54% 283.86% -20.02%
Other Long-Term Liabilities $1.637B $2.886B $2.965B
YoY Change -54.09% 10.87% -17.62%
Total Long-Term Liabilities $6.803B $6.905B $4.012B
YoY Change -10.31% 89.18% -18.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.839B $5.362B $7.323B
Total Long-Term Liabilities $6.803B $6.905B $4.012B
Total Liabilities $15.49B $12.95B $11.34B
YoY Change 19.63% 14.22% 11.72%
SHAREHOLDERS EQUITY
Retained Earnings $22.23B $17.93B
YoY Change 9.41%
Common Stock $3.015B $2.493B
YoY Change 7.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.68B $8.456B
YoY Change 10.99%
Treasury Stock Shares 250.5M shares 209.7M shares
Shareholders Equity $9.880B $11.75B $9.959B
YoY Change
Total Liabilities & Shareholders Equity $25.79B $24.69B $21.29B
YoY Change 4.45% 15.97% 3.67%

Cashflow Statement

Concept 2008 Q4 2007 2006 Q4
OPERATING ACTIVITIES
Net Income $536.0M $4.096B $1.176B
YoY Change -37.02% 6.36% 57.64%
Depreciation, Depletion And Amortization $307.0M $1.072B $351.0M
YoY Change 11.23% -0.65% 39.29%
Cash From Operating Activities $1.125B $4.246B $1.322B
YoY Change -26.33% 10.6% 13.38%
INVESTING ACTIVITIES
Capital Expenditures -$463.0M $1.422B -$405.0M
YoY Change 18.41% 21.75% 43.11%
Acquisitions $539.0M
YoY Change -39.3%
Other Investing Activities $73.00M $55.00M $374.0M
YoY Change -63.86% -118.84% 6133.33%
Cash From Investing Activities -$390.0M -$1.367B -$31.00M
YoY Change 106.35% -6.37% -88.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.239B
YoY Change 37.77%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -863.0M -$2.518B -823.0M
YoY Change -20.17% 22.17% -53.11%
NET CHANGE
Cash From Operating Activities 1.125B $4.246B 1.322B
Cash From Investing Activities -390.0M -$1.367B -31.00M
Cash From Financing Activities -863.0M -$2.518B -823.0M
Net Change In Cash -128.0M $361.0M 468.0M
YoY Change -149.81% 13.52% -154.04%
FREE CASH FLOW
Cash From Operating Activities $1.125B $4.246B $1.322B
Capital Expenditures -$463.0M $1.422B -$405.0M
Free Cash Flow $1.588B $2.824B $1.727B
YoY Change -17.21% 5.73% 19.19%

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