$OC
Owens Corning Stock $oc

$oc Overview Financials Valuation SEC Filings Company Website

2011 Q1 Form 10-Q Financial Statement

#000119312511110678 Filed on April 27, 2011

Income Statement

Concept	2011 Q1	2010 Q1
Revenue	$1.238B	$1.265B
YoY Change	-2.13%	17.78%
Cost Of Revenue	$1.036B	$1.029B
YoY Change	0.68%	12.34%
Gross Profit	$202.0M	$236.0M
YoY Change	-14.41%	49.37%
Gross Profit Margin	16.32%	18.66%
Selling, General & Admin	$135.0M	$124.0M
YoY Change	8.87%	-4.62%
% of Gross Profit	66.83%	52.54%
Research & Development	$19.00M	$18.00M
YoY Change	5.56%	20.0%
% of Gross Profit	9.41%	7.63%
Depreciation & Amortization	$80.00M	$80.00M
YoY Change	0.0%	-4.76%
% of Gross Profit	39.6%	33.9%
Operating Expenses	$141.0M	$153.0M
YoY Change	-7.84%	-0.65%
Operating Profit	$61.00M	$83.00M
YoY Change	-26.51%	1975.0%
Interest Expense	$25.00M	$26.00M
YoY Change	-3.85%	-204.0%
% of Operating Profit	40.98%	31.33%
Other Income/Expense, Net
YoY Change
Pretax Income	$36.00M	$57.00M
YoY Change	-36.84%	-232.56%
Income Tax	$11.00M	$9.000M
% Of Pretax Income	30.56%	15.79%
Net Earnings	$24.00M	$48.00M
YoY Change	-50.0%	-271.43%
Net Earnings / Revenue	1.94%	3.79%
Basic Earnings Per Share	$0.19	$0.38
Diluted Earnings Per Share	$0.19	$0.38
COMMON SHARES
Basic Shares Outstanding	123.8M shares	126.5M shares
Diluted Shares Outstanding	125.3M shares	127.5M shares

Balance Sheet

Concept	2011 Q1	2010 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$61.00M	$463.0M
YoY Change	-86.83%	414.44%
Cash & Equivalents	$61.00M	$463.0M
Short-Term Investments
Other Short-Term Assets	$195.0M	$122.0M
YoY Change	59.84%	-10.95%
Inventory	$665.0M	$623.0M
Prepaid Expenses
Receivables	$750.0M	$743.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.689B	$1.951B
YoY Change	-13.43%	6.73%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.807B	$2.780B
YoY Change	0.97%	1.09%
Goodwill
YoY Change
Intangibles	$1.091B
YoY Change
Long-Term Investments
YoY Change
Other Assets	$259.0M	$234.0M
YoY Change	10.68%	6.85%
Total Long-Term Assets	$5.795B	$5.304B
YoY Change	9.26%	0.51%
TOTAL ASSETS
Total Short-Term Assets	$1.689B	$1.951B
Total Long-Term Assets	$5.795B	$5.304B
Total Assets	$7.484B	$7.255B
YoY Change	3.16%	2.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$981.0M	$972.0M
YoY Change	0.93%	8.12%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$5.000M	$1.000M
YoY Change	400.0%	-94.44%
Long-Term Debt Due	$5.000M	$7.000M
YoY Change	-28.57%	-50.0%
Total Short-Term Liabilities	$998.0M	$980.0M
YoY Change	1.84%	1.77%
LONG-TERM LIABILITIES
Long-Term Debt	$1.919B	$2.184B
YoY Change	-12.13%	-7.69%
Other Long-Term Liabilities	$133.0M	$770.0M
YoY Change	-82.73%	12.74%
Total Long-Term Liabilities	$133.0M	$2.954B
YoY Change	-95.5%	-3.12%
TOTAL LIABILITIES
Total Short-Term Liabilities	$998.0M	$980.0M
Total Long-Term Liabilities	$133.0M	$2.954B
Total Liabilities	$1.131B	$4.392B
YoY Change	-74.25%	-1.13%
SHAREHOLDERS EQUITY
Retained Earnings	$218.0M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$234.0M
YoY Change
Treasury Stock Shares	9.500M shares
Shareholders Equity	$3.719B	$2.863B
YoY Change
Total Liabilities & Shareholders Equity	$7.484B	$7.255B
YoY Change	3.16%	2.11%

Cashflow Statement

Concept	2011 Q1	2010 Q1
OPERATING ACTIVITIES
Net Income	$24.00M	$48.00M
YoY Change	-50.0%	-271.43%
Depreciation, Depletion And Amortization	$80.00M	$80.00M
YoY Change	0.0%	-4.76%
Cash From Operating Activities	-$213.0M	-$27.00M
YoY Change	688.89%	-90.63%
INVESTING ACTIVITIES
Capital Expenditures	-$91.00M	-$63.00M
YoY Change	44.44%	57.5%
Acquisitions
YoY Change
Other Investing Activities	$12.00M	$5.000M
YoY Change	140.0%	66.67%
Cash From Investing Activities	-$79.00M	-$58.00M
YoY Change	36.21%	56.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$10.00M	$2.000M
YoY Change	400.0%
Debt Paid & Issued, Net	$1.000M	$3.000M
YoY Change	-66.67%
Cash From Financing Activities	$300.0M	-$14.00M
YoY Change	-2242.86%	-107.73%
NET CHANGE
Cash From Operating Activities	-$213.0M	-$27.00M
Cash From Investing Activities	-$79.00M	-$58.00M
Cash From Financing Activities	$300.0M	-$14.00M
Net Change In Cash	$8.000M	-$99.00M
YoY Change	-108.08%	-31.25%
FREE CASH FLOW
Cash From Operating Activities	-$213.0M	-$27.00M
Capital Expenditures	-$91.00M	-$63.00M
Free Cash Flow	-$122.0M	$36.00M
YoY Change	-438.89%	-114.52%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2011Q1	oc	Other Expenses Net OtherExpensesNet	-13000000	USD
CY2010Q1	oc	Other Expenses Net OtherExpensesNet	5000000	USD
CY2011Q1	us-gaap	Operating Expenses OperatingExpenses	141000000	USD
CY2010Q1	us-gaap	Operating Expenses OperatingExpenses	153000000	USD
CY2011Q1	us-gaap	Interest Expense InterestExpense	25000000	USD
CY2010Q1	us-gaap	Interest Expense InterestExpense	26000000	USD
CY2011Q1	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2011Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2011Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2011Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2011Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2011
CY2011Q1	dei	Entity Registrant Name EntityRegistrantName	Owens Corning
CY2011Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001370946
CY2011Q1	dei	Document Type DocumentType	10-Q
CY2011Q1	dei	Document Period End Date DocumentPeriodEndDate	2011-03-31
CY2011Q1	dei	Amendment Flag AmendmentFlag	false
CY2011Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2011Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2011Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	124804861	shares
CY2011Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	1238000000	USD
CY2010Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	1265000000	USD
CY2011Q1	us-gaap	Cost Of Goods Sold CostOfGoodsSold	1036000000	USD
CY2010Q1	us-gaap	Cost Of Goods Sold CostOfGoodsSold	1029000000	USD
CY2011Q1	us-gaap	Gross Profit GrossProfit	202000000	USD
CY2010Q1	us-gaap	Gross Profit GrossProfit	236000000	USD
CY2011Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	19000000	USD
CY2010Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	18000000	USD
CY2011Q1	us-gaap	Restructuring Charges RestructuringCharges	0	USD
CY2010Q1	us-gaap	Restructuring Charges RestructuringCharges	6000000	USD
CY2011Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	36000000	USD
CY2010Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	57000000	USD
CY2011Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	11000000	USD
CY2010Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9000000	USD
CY2011Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
CY2010Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1000000	USD
CY2010Q1	us-gaap	Profit Loss ProfitLoss	49000000	USD
CY2011Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1000000	USD
CY2010Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1000000	USD
CY2011Q1	us-gaap	Net Income Loss NetIncomeLoss	24000000	USD
CY2010Q1	us-gaap	Net Income Loss NetIncomeLoss	48000000	USD
CY2011Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.19
CY2010Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.38
CY2011Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.19
CY2010Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.38
CY2011Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	123800000	shares
CY2010Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	126500000	shares
CY2011Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	125300000	shares
CY2010Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	127500000	shares
CY2011Q1	oc	Marketing And Administrative Expenses MarketingAndAdministrativeExpenses	135000000	USD
CY2010Q1	oc	Marketing And Administrative Expenses MarketingAndAdministrativeExpenses	124000000	USD
CY2011Q1	us-gaap	Profit Loss ProfitLoss	25000000	USD
CY2011Q1	oc	Earnings Before Interest And Taxes EarningsBeforeInterestAndTaxes	61000000	USD
CY2010Q1	oc	Earnings Before Interest And Taxes EarningsBeforeInterestAndTaxes	83000000	USD
CY2010Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	52000000	USD
CY2011Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	750000000	USD
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CY2011Q1	us-gaap	Inventory Net InventoryNet	665000000	USD
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CY2011Q1	us-gaap	Other Assets Current OtherAssetsCurrent	195000000	USD
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CY2011Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2807000000	USD
CY2010Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	137000000	USD
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CY2010Q4	oc	Common Stock CommonStock	1000000	USD
CY2011Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	3887000000	USD
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CY2010Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2754000000	USD
CY2011Q1	oc	Goodwill Balance GoodwillBalance	1088000000	USD
CY2010Q4	oc	Goodwill Balance GoodwillBalance	1088000000	USD
CY2011Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1091000000	USD
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CY2011Q1	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	524000000	USD
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CY2011Q1	us-gaap	Assets Assets	7484000000	USD
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CY2011Q1	us-gaap	Short Term Borrowings ShortTermBorrowings	5000000	USD
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CY2011Q1	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	5000000	USD
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CY2011Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1919000000	USD
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CY2011Q1	us-gaap	Defined Benefit Pension Plan Liabilities Noncurrent DefinedBenefitPensionPlanLiabilitiesNoncurrent	308000000	USD
CY2010Q4	us-gaap	Defined Benefit Pension Plan Liabilities Noncurrent DefinedBenefitPensionPlanLiabilitiesNoncurrent	378000000	USD
CY2011Q1	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	297000000	USD
CY2010Q4	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	298000000	USD
CY2011Q1	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	72000000	USD
CY2010Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	75000000	USD
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CY2011Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-153000000	USD
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CY2011Q1	us-gaap	Treasury Stock Value TreasuryStockValue	234000000	USD
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CY2011Q1	us-gaap	Stockholders Equity StockholdersEquity	3719000000	USD
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CY2011Q1	us-gaap	Minority Interest MinorityInterest	38000000	USD
CY2010Q4	us-gaap	Minority Interest MinorityInterest	38000000	USD
CY2011Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7484000000	USD
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CY2011Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	19000000	USD
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CY2011Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
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CY2011Q1	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	-239000000	USD
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CY2010Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	124100000	shares
CY2011Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	9500000	shares
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CY2011Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	61000000	USD
CY2011Q1	us-gaap	Assets Held For Sale Current AssetsHeldForSaleCurrent	18000000	USD
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CY2011Q1	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	7000000	USD
CY2010Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	7000000	USD
CY2011Q1	us-gaap	Commitments And Contingencies2009 CommitmentsAndContingencies2009
CY2010	us-gaap	Commitments And Contingencies2009 CommitmentsAndContingencies2009
CY2011Q1	oc	Preferred Stock PreferredStock		USD
CY2010Q4	oc	Preferred Stock PreferredStock		USD
CY2011Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3757000000	USD
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CY2011Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-213000000	USD
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CY2010Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	3000000	USD
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CY2011Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1000000	USD
CY2010Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-14000000	USD
CY2011Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	1000000	USD
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CY2011Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	9000000	USD
CY2010Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-101000000	USD
CY2009Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	564000000	USD
CY2010Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	463000000	USD
CY2011Q1	oc	Provision For Pension And Other Employee Benefits Liabilities ProvisionForPensionAndOtherEmployeeBenefitsLiabilities	8000000	USD
CY2010Q1	oc	Provision For Pension And Other Employee Benefits Liabilities ProvisionForPensionAndOtherEmployeeBenefitsLiabilities	7000000	USD
CY2011Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	10000000	USD
CY2010Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	2000000	USD
CY2011Q1	us-gaap	Proceeds From Other Equity ProceedsFromOtherEquity	8000000	USD
CY2010Q1	us-gaap	Proceeds From Other Equity ProceedsFromOtherEquity	0	USD
CY2011Q1	oc	Proceeds From Sale Of Assets Or Affiliates ProceedsFromSaleOfAssetsOrAffiliates	12000000	USD
CY2010Q1	oc	Proceeds From Sale Of Assets Or Affiliates ProceedsFromSaleOfAssetsOrAffiliates	5000000	USD
CY2011Q1	oc	Accounting Pronouncements AccountingPronouncements	<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">19.       ACCOUNTING PRONOUNCEMENTS</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">There were no accounting standards issued during the quarter that the Company believes would have a material impact on the financial statements.</font></p>

Files In Submission

Name	View Source	Status
0001193125-11-110678-index-headers.html	Edgar Link	pending
0001193125-11-110678-index.html	Edgar Link	pending
0001193125-11-110678.txt	Edgar Link	pending
0001193125-11-110678-xbrl.zip	Edgar Link	pending
d10q.htm	Edgar Link	pending
defnref.xml	Edgar Link	unprocessable
dex311.htm	Edgar Link	pending
dex312.htm	Edgar Link	pending
dex321.htm	Edgar Link	pending
dex322.htm	Edgar Link	pending
dex991.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
oc-20110331.xml	Edgar Link	completed
oc-20110331.xsd	Edgar Link	pending
oc-20110331_cal.xml	Edgar Link	unprocessable
oc-20110331_def.xml	Edgar Link	unprocessable
oc-20110331_lab.xml	Edgar Link	unprocessable
oc-20110331_pre.xml	Edgar Link	unprocessable
R1.xml	Edgar Link	unprocessable
R10.xml	Edgar Link	unprocessable
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R6.xml	Edgar Link	unprocessable
R7.xml	Edgar Link	unprocessable
R8.xml	Edgar Link	unprocessable
R9.xml	Edgar Link	unprocessable

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$OC
Owens Corning Stock $oc

2011 Q1 Form 10-Q Financial Statement

#000119312511110678 Filed on April 27, 2011

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OC Owens Corning Stock $oc

2011 Q1 Form 10-Q Financial Statement

#000119312511110678 Filed on April 27, 2011

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OC
Owens Corning Stock $oc