$MSTR
MICROSTRATEGY Inc

2010 Q4 Form 10-K Financial Statement

#000119312512067605 Filed on February 17, 2012

View on sec.gov

Income Statement

Concept 2010 Q4 2010 Q3 2010 Q2
Revenue $139.1M $114.5M $107.5M
YoY Change 31.47% 10.1% 22.44%
Cost Of Revenue $32.90M $27.20M $24.30M
YoY Change 68.72% 64.85% 52.83%
Gross Profit $106.2M $87.30M $83.20M
YoY Change 23.06% -0.23% 15.88%
Gross Profit Margin 76.35% 76.24% 77.4%
Selling, General & Admin $73.60M $63.80M $58.00M
YoY Change 52.07% 39.61% 31.22%
% of Gross Profit 69.3% 73.08% 69.71%
Research & Development $13.70M $13.70M $10.80M
YoY Change 20.18% 20.18% -3.57%
% of Gross Profit 12.9% 15.69% 12.98%
Depreciation & Amortization $3.500M $3.200M $2.900M
YoY Change 20.69% 10.34% -3.33%
% of Gross Profit 3.3% 3.67% 3.49%
Operating Expenses $87.40M $77.50M $68.90M
YoY Change 46.4% 35.73% 24.37%
Operating Profit $18.80M $9.800M $14.30M
YoY Change -29.32% -67.76% -12.8%
Interest Expense $100.0K $200.0K $0.00
YoY Change -75.0% 100.0% -100.0%
% of Operating Profit 0.53% 2.04% 0.0%
Other Income/Expense, Net $800.0K -$1.800M $2.100M
YoY Change 300.0% 350.0% -223.53%
Pretax Income $19.70M $8.200M $16.50M
YoY Change -27.57% -72.76% 10.0%
Income Tax $1.800M $800.0K $4.900M
% Of Pretax Income 9.14% 9.76% 29.7%
Net Earnings $17.90M $7.400M $11.60M
YoY Change -12.68% -65.42% 16.0%
Net Earnings / Revenue 12.87% 6.46% 10.79%
Basic Earnings Per Share $1.66 $0.66 $1.00
Diluted Earnings Per Share $1.60 $0.63 $0.97
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2010 Q4 2010 Q3 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $174.1M $184.3M $202.7M
YoY Change -22.55% -8.17% 15.04%
Cash & Equivalents $174.1M $184.3M $202.7M
Short-Term Investments
Other Short-Term Assets $40.80M $33.80M $31.50M
YoY Change 69.29% 33.6% 23.05%
Inventory
Prepaid Expenses
Receivables $82.10M $57.70M $52.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $296.9M $275.8M $286.8M
YoY Change -2.72% -2.2% 17.88%
LONG-TERM ASSETS
Property, Plant & Equipment $65.00M $63.70M $58.90M
YoY Change 18.4% 784.72% 655.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.60M $5.700M $7.100M
YoY Change 8.16% -86.49% -84.67%
Total Long-Term Assets $84.70M $80.20M $78.50M
YoY Change 8.45% 24.15% 10.56%
TOTAL ASSETS
Total Short-Term Assets $296.9M $275.8M $286.8M
Total Long-Term Assets $84.70M $80.20M $78.50M
Total Assets $381.6M $356.0M $365.3M
YoY Change -0.44% 2.71% 16.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.70M $33.30M $27.40M
YoY Change 28.77% 27.1% 26.27%
Accrued Expenses $60.20M $47.50M $39.20M
YoY Change 30.02% 19.95% 17.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $186.6M $166.9M $152.9M
YoY Change 22.28% 19.73% 16.9%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $45.80M $31.90M $23.10M
YoY Change 177.58% 117.01% 80.47%
Total Long-Term Liabilities $45.80M $31.90M $23.10M
YoY Change 177.58% 117.01% 80.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $186.6M $166.9M $152.9M
Total Long-Term Liabilities $45.80M $31.90M $23.10M
Total Liabilities $232.4M $198.7M $176.0M
YoY Change 37.43% 28.94% 22.65%
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 $149.2M $157.2M $189.3M
YoY Change
Total Liabilities & Shareholders Equity $381.6M $356.0M $365.3M
YoY Change -0.44% 2.71% 16.23%

Cashflow Statement

Concept 2010 Q4 2010 Q3 2010 Q2
OPERATING ACTIVITIES
Net Income $17.90M $7.400M $11.60M
YoY Change -12.68% -65.42% 16.0%
Depreciation, Depletion And Amortization $3.500M $3.200M $2.900M
YoY Change 20.69% 10.34% -3.33%
Cash From Operating Activities $19.90M $24.50M $6.500M
YoY Change -49.75% 6.52% -41.96%
INVESTING ACTIVITIES
Capital Expenditures -$4.500M -$7.500M -$5.100M
YoY Change -72.56% 1400.0% 1600.0%
Acquisitions
YoY Change
Other Investing Activities $800.0K $0.00 -$100.0K
YoY Change -100.0% -150.0%
Cash From Investing Activities -$3.600M -$7.500M -$5.200M
YoY Change -78.05% 3650.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.80M -39.70M -27.10M
YoY Change -1942.86% -8040.0% -13650.0%
NET CHANGE
Cash From Operating Activities 19.90M 24.50M 6.500M
Cash From Investing Activities -3.600M -7.500M -5.200M
Cash From Financing Activities -25.80M -39.70M -27.10M
Net Change In Cash -9.500M -22.70M -25.80M
YoY Change -138.62% -197.42% -326.32%
FREE CASH FLOW
Cash From Operating Activities $19.90M $24.50M $6.500M
Capital Expenditures -$4.500M -$7.500M -$5.100M
Free Cash Flow $24.40M $32.00M $11.60M
YoY Change -56.43% 36.17% 0.87%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2009 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.28
CY2010Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.85
CY2010Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.00
CY2010Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2010Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.66
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.67
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
CY2009 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.09
CY2010Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.72
CY2010Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
CY2010Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2010Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.60
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.62
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2009 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
5.08
CY2010 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.85
CY2011 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.67
CY2009 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.92
CY2010 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.72
CY2011 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.62
CY2009 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
1.20
CY2010 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
0.00
CY2009 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
1.17
CY2010 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
0.00
CY2009 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12284000
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11779000
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11066000
CY2009 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11906000
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11378000
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10719000

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