2012 Q4 Form 10-K Financial Statement

#000104746913000991 Filed on February 13, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2011 Q4 2010 Q4
Revenue $1.748B $1.818B $1.728B
YoY Change -3.85% 5.21% -0.97%
Cost Of Revenue $1.470B $1.514B $1.420B
YoY Change -2.91% 6.62% -2.27%
Gross Profit $278.0M $304.0M $308.0M
YoY Change -8.55% -1.3% 5.48%
Gross Profit Margin 15.9% 16.72% 17.82%
Selling, General & Admin $145.0M $130.0M $125.0M
YoY Change 11.54% 4.0% -6.72%
% of Gross Profit 52.16% 42.76% 40.58%
Research & Development $17.00M $19.00M $19.00M
YoY Change -10.53% 0.0% 18.75%
% of Gross Profit 6.12% 6.25% 6.17%
Depreciation & Amortization $109.0M $109.0M $109.0M
YoY Change 0.0% 0.0% 6.13%
% of Gross Profit 39.21% 35.86% 35.39%
Operating Expenses $122.0M $162.0M $144.0M
YoY Change -24.69% 12.5% -46.07%
Operating Profit $156.0M $142.0M $164.0M
YoY Change 9.86% -13.41% 556.0%
Interest Expense -$42.00M -$51.00M -$56.00M
YoY Change -17.65% -8.93% 43.59%
% of Operating Profit -26.92% -35.92% -34.15%
Other Income/Expense, Net
YoY Change
Pretax Income -$148.0M -$769.0M -$81.00M
YoY Change -80.75% 849.38% -58.25%
Income Tax -$5.000M $0.00 -$7.000M
% Of Pretax Income
Net Earnings -$160.0M -$771.0M -$412.0M
YoY Change -79.25% 87.14% 159.12%
Net Earnings / Revenue -9.15% -42.41% -23.84%
Basic Earnings Per Share
Diluted Earnings Per Share -$975.0K -$4.810M -$2.525M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q4 2011 Q4 2010 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $431.0M $400.0M $640.0M
YoY Change 7.75% -37.5% -15.34%
Cash & Equivalents $431.0M $400.0M $640.0M
Short-Term Investments $0.00
Other Short-Term Assets $541.0M $524.0M $77.00M
YoY Change 3.24% 580.52% -54.44%
Inventory $1.139B $1.061B $946.0M
Prepaid Expenses $110.0M $124.0M
Receivables $786.0M $1.158B $1.075B
Other Receivables $182.0M $0.00 $0.00
Total Short-Term Assets $2.648B $2.743B $2.738B
YoY Change -3.46% 0.18% -2.11%
LONG-TERM ASSETS
Property, Plant & Equipment $2.769B $2.877B $3.107B
YoY Change -3.75% -7.4% 14.61%
Goodwill $2.079B $2.082B $2.821B
YoY Change -0.14% -26.2% 18.48%
Intangibles
YoY Change
Long-Term Investments $294.0M $315.0M $299.0M
YoY Change -6.67% 5.35% 162.28%
Other Assets $675.0M $687.0M $789.0M
YoY Change -1.75% -12.93% 8.98%
Total Long-Term Assets $5.950B $6.232B $7.055B
YoY Change -4.53% -11.67% 18.97%
TOTAL ASSETS
Total Short-Term Assets $2.648B $2.743B $2.738B
Total Long-Term Assets $5.950B $6.232B $7.055B
Total Assets $8.598B $8.975B $9.793B
YoY Change -4.2% -8.35% 12.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.032B $1.038B $878.0M
YoY Change -0.58% 18.22% 3.29%
Accrued Expenses $441.0M $449.0M $645.0M
YoY Change -1.78% -30.39% 5.91%
Deferred Revenue
YoY Change
Short-Term Debt $296.0M $330.0M $0.00
YoY Change -10.3%
Long-Term Debt Due $23.00M $76.00M $354.0M
YoY Change -69.74% -78.53% 1.14%
Total Short-Term Liabilities $2.162B $2.245B $2.079B
YoY Change -3.7% 7.98% 2.21%
LONG-TERM LIABILITIES
Long-Term Debt $3.454B $3.627B $3.924B
YoY Change -4.77% -7.57% 20.44%
Other Long-Term Liabilities $329.0M $404.0M $1.522B
YoY Change -18.56% -73.46% 0.59%
Total Long-Term Liabilities $329.0M $404.0M $5.446B
YoY Change -18.56% -92.58% 14.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.162B $2.245B $2.079B
Total Long-Term Liabilities $329.0M $404.0M $5.446B
Total Liabilities $2.491B $2.649B $7.939B
YoY Change -5.96% -66.63% 10.43%
SHAREHOLDERS EQUITY
Retained Earnings -$195.0M -$379.0M
YoY Change -48.55%
Common Stock $3.007B $2.993B
YoY Change 0.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $425.0M $405.0M
YoY Change 4.94%
Treasury Stock Shares 17.90M shares 16.80M shares
Shareholders Equity $881.0M $888.0M $1.815B
YoY Change
Total Liabilities & Shareholders Equity $8.598B $8.975B $9.754B
YoY Change -4.2% -7.99% 11.77%

Cashflow Statement

Concept 2012 Q4 2011 Q4 2010 Q4
OPERATING ACTIVITIES
Net Income -$160.0M -$771.0M -$412.0M
YoY Change -79.25% 87.14% 159.12%
Depreciation, Depletion And Amortization $109.0M $109.0M $109.0M
YoY Change 0.0% 0.0% 6.13%
Cash From Operating Activities $348.0M $223.0M $187.0M
YoY Change 56.05% 19.25% -15.23%
INVESTING ACTIVITIES
Capital Expenditures -$112.0M -$81.00M -$108.0M
YoY Change 38.27% -25.0% -49.37%
Acquisitions
YoY Change
Other Investing Activities $16.00M $6.000M -$61.00M
YoY Change 166.67% -109.84% 425.86%
Cash From Investing Activities -$96.00M -$75.00M -$169.0M
YoY Change 28.0% -55.62% -24.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -160.0M -7.000M -81.00M
YoY Change 2185.71% -91.36% -23.08%
NET CHANGE
Cash From Operating Activities 348.0M 223.0M 187.0M
Cash From Investing Activities -96.00M -75.00M -169.0M
Cash From Financing Activities -160.0M -7.000M -81.00M
Net Change In Cash 92.00M 141.0M -63.00M
YoY Change -34.75% -323.81% -42.52%
FREE CASH FLOW
Cash From Operating Activities $348.0M $223.0M $187.0M
Capital Expenditures -$112.0M -$81.00M -$108.0M
Free Cash Flow $460.0M $304.0M $295.0M
YoY Change 51.32% 3.05% -32.01%

Facts In Submission

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750000000 USD
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CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2010 oi Loss Contingency Dismissed Plaintiffs And Claimants Number
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CY2012Q4 oi Claims Disposed Of To Date
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CY2012 oi Sales Revenue Asbestos
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CY2012Q4 oi Loss Contingency Plaintiffs And Claimants Number
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CY2011Q4 oi Loss Contingency Plaintiffs And Claimants Number
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4600 item
CY2010Q4 oi Loss Contingency Plaintiffs And Claimants Number
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5900 item
CY2009Q4 oi Loss Contingency Plaintiffs And Claimants Number
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6900 item
CY2012 oi Loss Contingency New Claims Filed Plaintiffs And Claimants Number
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CY2011 oi Loss Contingency New Claims Filed Plaintiffs And Claimants Number
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CY2010 oi Loss Contingency New Claims Filed Plaintiffs And Claimants Number
LossContingencyNewClaimsFiledPlaintiffsAndClaimantsNumber
3200 item
CY2012 oi Loss Contingency Dismissed Plaintiffs And Claimants Number
LossContingencyDismissedPlaintiffsAndClaimantsNumber
4400 item
CY2011 oi Loss Contingency Dismissed Plaintiffs And Claimants Number
LossContingencyDismissedPlaintiffsAndClaimantsNumber
4500 item
CY2012Q4 oi Accrual For Asbestos Related Liability To Date
AccrualForAsbestosRelatedLiabilityToDate
4300000000 USD
CY1993Q4 oi Accrual For Asbestos Related Liability To Date
AccrualForAsbestosRelatedLiabilityToDate
975000000 USD
CY2011Q1 oi Loss Contingency Damages Assessed
LossContingencyDamagesAssessed
90000000 USD
CY2011Q1 us-gaap Loss Contingency Number Of Defendants
LossContingencyNumberOfDefendants
4 item
CY2011Q1 oi Loss Contingency Compensatory Damages Assessed Against Other Defendants
LossContingencyCompensatoryDamagesAssessedAgainstOtherDefendants
10000000 USD
CY2011Q1 oi Loss Contingency Punitive Damages Assessed Against Entity
LossContingencyPunitiveDamagesAssessedAgainstEntity
40000000 USD
CY2012 oi Asbestos Related Costs
AsbestosRelatedCosts
155000000 USD
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5455000 shares
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11000000 USD
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1000000 USD
CY2010 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11000000 USD
CY2012Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
15000000 USD
CY2012 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2011 us-gaap Asset Impairment Charges
AssetImpairmentCharges
17000000 USD
CY2010 oi Acquisition Related To Fair Value Inventory Adjustments
AcquisitionRelatedToFairValueInventoryAdjustments
12000000 USD
CY2010 oi Acquisition Related Charges Other Expenses
AcquisitionRelatedChargesOtherExpenses
20000000 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
76000000 USD
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
89000000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
52000000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
42000000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
33000000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
26000000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
18000000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
35000000 USD
CY2011 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
25000000 USD
CY2010 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
9000000 USD
CY2010 oi Reduction Of Interest Expense Unamortized Proceeds From Derivative Designated As Hedging Instrument
ReductionOfInterestExpenseUnamortizedProceedsFromDerivativeDesignatedAsHedgingInstrument
9000000 USD
CY2011 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
500000 shares
CY2011 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
300000 shares
CY2012 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
800000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164474000 shares
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1294000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
165768000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
163691000 shares
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164271000 shares
CY2010 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
25000000 USD
CY2010 oi Disposal Of Discontinued Operations
DisposalOfDiscontinuedOperations
-14000000 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5000000 USD
CY2011 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
7000000 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1000000 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3000000 USD
CY2011 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
107000000 USD
CY2011 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
35000000 USD
CY2012 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
7000000 USD
CY2012 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
27000000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11000000 USD
CY2012 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
24000000 USD
CY2010 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
900000 shares
CY2010 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
200000 shares
CY2010 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
6000000 shares
CY2012 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
300000 shares
CY2012 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1400000 shares
CY2012Q2 dei Entity Public Float
EntityPublicFloat
3527469000 USD
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2010 us-gaap Other Noncash Income Tax Expense
OtherNoncashIncomeTaxExpense
8000000 USD
CY2011Q4 oi Loss Contingency Settlement Deferred Amount Payable
LossContingencySettlementDeferredAmountPayable
18000000 USD
CY2010 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
115000000 USD
CY2010 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
3000000 USD
CY2011 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
6000000 USD
CY2012 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
8000000 USD
CY2011 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
1000000 USD
CY2012 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-2000000 USD
CY2011Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
76000000 USD
CY2012Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
23000000 USD
CY2012 oi Restructuring And Asset Impairment Charges
RestructuringAndAssetImpairmentCharges
168000000 USD
CY2010 oi Restructuring And Asset Impairment Charges
RestructuringAndAssetImpairmentCharges
13000000 USD
CY2011 oi Restructuring And Asset Impairment Charges
RestructuringAndAssetImpairmentCharges
95000000 USD
CY2011Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
330000000 USD
CY2010 oi Proceeds From Short Term Debt Discontinued Operations
ProceedsFromShortTermDebtDiscontinuedOperations
2000000 USD
CY2012 us-gaap Restructuring Charges
RestructuringCharges
168000000 USD
CY2011 us-gaap Restructuring Charges
RestructuringCharges
95000000 USD
CY2012 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
168000000 USD
CY2011 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
112000000 USD
CY2010 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
13000000 USD
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
354000000 USD
CY2012 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
38000000 USD
CY2011 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
-80000000 USD
CY2010 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
39000000 USD
CY2012 oi Loss Contingency Penalty Amount
LossContingencyPenaltyAmount
1000000 USD
CY2012Q4 oi Cost Of Pollution Control Equipment
CostOfPollutionControlEquipment
38000000 USD
CY2012 oi Amount Already Spent To Install Pollution Control Equipment
AmountAlreadySpentToInstallPollutionControlEquipment
17000000 USD
CY2012 oi Gain On Land Compensation
GainOnLandCompensation
61000000 USD
CY2012 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
21000000 USD
CY2012Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
296000000 USD
CY2012Q4 us-gaap Debt Current
DebtCurrent
319000000 USD

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