2011 Q1 Form 10-Q Financial Statement

#000104746911004480 Filed on May 03, 2011

View on sec.gov

Income Statement

Concept 2011 Q1 2010 Q1
Revenue $3.376B $3.531B
YoY Change -4.39% 11.74%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $658.0M $616.0M
YoY Change 6.82%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $658.0M $616.0M
YoY Change 6.82%
Operating Profit $470.0M $153.0M
YoY Change 207.19% 42.33%
Interest Expense $110.0M $138.0M
YoY Change -20.29%
% of Operating Profit 23.4% 90.2%
Other Income/Expense, Net $9.000M -$13.00M
YoY Change -169.23%
Pretax Income $338.0M $6.000M
YoY Change 5533.33%
Income Tax $122.0M $21.00M
% Of Pretax Income 36.09% 350.0%
Net Earnings $202.0M -$26.00M
YoY Change -876.92% -52.98%
Net Earnings / Revenue 5.98% -0.74%
Basic Earnings Per Share $0.30 -$0.04
Diluted Earnings Per Share $0.29 -$0.04
COMMON SHARES
Basic Shares Outstanding 674.0M shares 676.0M shares
Diluted Shares Outstanding 693.0M shares 676.0M shares

Balance Sheet

Concept 2011 Q1 2010 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $972.0M $873.0M
Short-Term Investments
Other Short-Term Assets $456.0M
YoY Change
Inventory $438.0M
Prepaid Expenses $262.0M
Receivables $3.146B
Other Receivables
Total Short-Term Assets $5.637B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.642B
YoY Change
Goodwill $8.622B
YoY Change
Intangibles $6.607B
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.453B
YoY Change
Total Long-Term Assets $20.74B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $5.637B
Total Long-Term Assets $20.74B
Total Assets $26.37B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $376.0M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.195B
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $3.458B
YoY Change
Total Long-Term Liabilities $3.458B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $4.195B
Total Long-Term Liabilities $3.458B
Total Liabilities $7.653B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$29.45B
YoY Change
Common Stock $43.43B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.936B
YoY Change
Treasury Stock Shares 132.0M shares
Shareholders Equity
YoY Change
Total Liabilities & Shareholders Equity $26.37B
YoY Change

Cashflow Statement

Concept 2011 Q1 2010 Q1
OPERATING ACTIVITIES
Net Income $202.0M -$26.00M
YoY Change -876.92% -52.98%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $894.0M $701.0M
YoY Change 27.53%
INVESTING ACTIVITIES
Capital Expenditures $41.00M $41.00M
YoY Change 0.0%
Acquisitions $53.00M $2.000M
YoY Change 2550.0%
Other Investing Activities -$4.000M $0.00
YoY Change
Cash From Investing Activities -$103.0M -$74.00M
YoY Change 39.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $250.0M $25.00M
YoY Change 900.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$299.0M -$471.0M
YoY Change -36.52%
NET CHANGE
Cash From Operating Activities $894.0M $701.0M
Cash From Investing Activities -$103.0M -$74.00M
Cash From Financing Activities -$299.0M -$471.0M
Net Change In Cash $492.0M $156.0M
YoY Change 215.38%
FREE CASH FLOW
Cash From Operating Activities $894.0M $701.0M
Capital Expenditures $41.00M $41.00M
Free Cash Flow $853.0M $660.0M
YoY Change 29.24%

Facts In Submission

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7000000 USD
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222000000 USD
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34000000 USD
CY2010Q1 us-gaap Share Based Compensation
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33000000 USD
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13000000 USD
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13000000 USD
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21000000 USD
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20000000 USD
CY2011Q1 cbs Intangible Assets Gross
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CY2010Q4 cbs Intangible Assets Gross
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31000000 USD
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33000000 USD
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121000000 USD
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99000000 USD
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87000000 USD
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79000000 USD
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69000000 USD
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1136000000 USD
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471000000 USD
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61000000 USD
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32000000 USD
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7000000 USD
CY2011Q1 cbs Publishing Primarily Finished Goods
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69000000 USD
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1000000 USD
CY2011Q1 cbs Inventory Total
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1777000000 USD
CY2010Q4 us-gaap Inventory For Long Term Contracts Or Programs
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1372000000 USD
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534000000 USD
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119000000 USD
CY2010Q4 cbs Released Theatrical Programming
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29000000 USD
CY2010Q4 cbs In Process And Other Theatrical Programming
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CY2010Q4 cbs Publishing Primarily Finished Goods
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69000000 USD
CY2010Q4 us-gaap Other Inventory
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1000000 USD
CY2010Q4 cbs Inventory Total
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2150000000 USD
CY2011Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
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2000000 USD
CY2010Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
1000000 USD
CY2011Q1 us-gaap Deferred Gain Loss On Discontinuation Of Fair Value Hedge
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81000000 USD
CY2010Q4 us-gaap Deferred Gain Loss On Discontinuation Of Fair Value Hedge
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83000000 USD
CY2011Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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2000000000 USD
CY2011Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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1980000000 USD
CY2011Q1 us-gaap Debt Instrument Face Amount
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5850000000 USD
CY2010Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
5850000000 USD
CY2011Q1 us-gaap Debt Of Subsidiary Not Assumed
DebtOfSubsidiaryNotAssumed
52000000 USD
CY2011Q1 us-gaap Debt Instrument Interest Rate Stated Percentage Rate Range Minimum
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0.0430
CY2011Q1 us-gaap Debt Instrument Interest Rate Stated Percentage Rate Range Maximum
DebtInstrumentInterestRateStatedPercentageRateRangeMaximum
0.08875
CY2011Q1 us-gaap Debt Instrument Maturity Date Range Start
DebtInstrumentMaturityDateRangeStart
2012
CY2011Q1 us-gaap Debt Instrument Maturity Date Range End
DebtInstrumentMaturityDateRangeEnd
2056
CY2010Q1 cbs Amounts Under Accounts Receivable Securitization
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0 USD
CY2011Q1 us-gaap Senior Notes
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5928000000 USD
CY2010Q4 us-gaap Senior Notes
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5929000000 USD
CY2011Q1 us-gaap Other Notes Payable
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0 USD
CY2010Q4 us-gaap Other Notes Payable
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2000000 USD
CY2011Q1 us-gaap Capital Lease Obligations
CapitalLeaseObligations
87000000 USD
CY2010Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
90000000 USD
CY2011Q1 us-gaap Long Term Debt
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6015000000 USD
CY2010Q4 us-gaap Long Term Debt
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6021000000 USD
CY2011Q1 us-gaap Common Stock Dividends Per Share Declared
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.05 USD
CY2011Q1 cbs Dividends On Unvested Restricted Share Units
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1000000 USD
CY2011Q2 us-gaap Payments Of Dividends Common Stock
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33000000 USD
CY2011Q1 us-gaap Treasury Stock Shares Acquired
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11800000 shares
CY2011Q1 us-gaap Treasury Stock Value Acquired Cost Method
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250000000 USD
CY2011Q1 cbs Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
1500000000 USD
CY2011Q1 us-gaap Dividends Payable Date Declared Day Month And Year
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2011-02-23
CY2011Q1 cbs Dividend Payable Date To Be Paid Day Month And Year
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2011-04-01
CY2011Q1 cbs Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
2000000 shares
CY2010Q1 cbs Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
2000000 shares
CY2010Q1 cbs Discrete Tax Items Impacting Comparability
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26000000 USD
CY2010Q1 cbs Change In Tax Law Impact On Income Tax Provision
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62000000 USD
CY2010Q1 cbs Reversal Of Previously Established Deferred Tax Liabilities
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CY2010Q1 us-gaap Income Tax Reconciliation Tax Settlements
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CY2006Q3 cbs Legal Forfeiture Paid
LegalForfeiturePaid
550000 USD
CY2006Q1 cbs Per Station Proposed Legal Forfeiture
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32500 USD
CY2006Q1 cbs Total Proposed Legal Forfeiture
TotalProposedLegalForfeiture
260000 USD
CY2011Q1 cbs Pending Asbestos Claims
PendingAsbestosClaims
52230
CY2010Q4 cbs Pending Asbestos Claims
PendingAsbestosClaims
52220
CY2010Q1 cbs Pending Asbestos Claims
PendingAsbestosClaims
62340
CY2011Q1 cbs New Asbestos Claims
NewAsbestosClaims
1440
CY2011Q1 cbs Closed Or Moved To Inactive Docket Asbestos Claims
ClosedOrMovedToInactiveDocketAsbestosClaims
1430
CY2010 us-gaap Liability For Asbestos And Environmental Claims Net Claims Paid
LiabilityForAsbestosAndEnvironmentalClaimsNetClaimsPaid
14000000 USD
CY2009 us-gaap Liability For Asbestos And Environmental Claims Net Claims Paid
LiabilityForAsbestosAndEnvironmentalClaimsNetClaimsPaid
18000000 USD
CY2011Q1 us-gaap Debtor In Possession Financing Letters Of Credit Outstanding
DebtorInPossessionFinancingLettersOfCreditOutstanding
391000000 USD
CY2010 us-gaap Restructuring Charges
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81000000 USD
CY2009 us-gaap Restructuring Charges
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23000000 USD
us-gaap Restructuring Reserve Accrual Adjustment
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5000000 USD
us-gaap Restructuring Reserve Settled With Cash
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59000000 USD
CY2010Q4 us-gaap Restructuring Reserve
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57000000 USD
CY2011Q1 us-gaap Restructuring Reserve Settled With Cash
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CY2011Q1 us-gaap Restructuring Reserve
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45000000 USD
CY2011Q1 us-gaap Debt Instrument Fair Value
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6500000000 USD
CY2010Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
6540000000 USD
CY2011Q1 us-gaap Investments Fair Value Disclosure
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67000000 USD
CY2011Q1 cbs Assets Fair Value Disclosure
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67000000 USD
CY2010Q4 us-gaap Investments Fair Value Disclosure
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66000000 USD
CY2010Q4 cbs Assets Fair Value Disclosure
AssetsFairValueDisclosure
66000000 USD
CY2011Q1 cbs Fair Value Measured On Recurring Basis Deferred Compensation
FairValueMeasuredOnRecurringBasisDeferredCompensation
167000000 USD
CY2011Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
6000000 USD
CY2011Q1 cbs Liabilities Fair Value Disclosure
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173000000 USD
CY2010Q4 cbs Fair Value Measured On Recurring Basis Deferred Compensation
FairValueMeasuredOnRecurringBasisDeferredCompensation
162000000 USD
CY2010Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
3000000 USD
CY2010Q4 cbs Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
165000000 USD
CY2010Q1 cbs Intercompany Revenues Total
IntercompanyRevenuesTotal
68000000 USD
CY2011Q1 cbs Intercompany Revenues Total
IntercompanyRevenuesTotal
66000000 USD
CY2010Q1 cbs Operating Income Before Depreciation And Amortization
OperatingIncomeBeforeDepreciationAndAmortization
294000000 USD
CY2011Q1 cbs Operating Income Before Depreciation And Amortization
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576000000 USD
CY2011Q1 us-gaap Interest Income Expense Net
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-108000000 USD
CY2010Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-137000000 USD
CY2011Q1 cbs Investments In Consolidated Subsidiaries
InvestmentsInConsolidatedSubsidiaries
0 USD
CY2011Q1 cbs Intercompany Liabilities
IntercompanyLiabilities
0 USD
CY2011Q1 cbs Prepaid Expenses And Other Current Assets Condensed
PrepaidExpensesAndOtherCurrentAssetsCondensed
1081000000 USD
CY2011Q1 cbs Total Other Assets Noncurrent
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1525000000 USD
CY2011Q1 cbs Accrued Expenses And Other Liabilities Current Condensed
AccruedExpensesAndOtherLiabilitiesCurrentCondensed
2029000000 USD
CY2011Q1 cbs Total Other Liabilities
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6429000000 USD
CY2011Q1 us-gaap Preferred Stock Value
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0 USD
CY2011Q1 us-gaap Common Stock Value
CommonStockValue
1000000 USD
CY2011Q1 cbs Intercompany Receivables
IntercompanyReceivables
0 USD
CY2010Q4 cbs Investments In Consolidated Subsidiaries
InvestmentsInConsolidatedSubsidiaries
0 USD
CY2010Q4 cbs Intercompany Liabilities
IntercompanyLiabilities
0 USD
CY2010Q4 cbs Prepaid Expenses And Other Current Assets Condensed
PrepaidExpensesAndOtherCurrentAssetsCondensed
882000000 USD
CY2010Q4 cbs Total Other Assets Noncurrent
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1541000000 USD
CY2010Q4 cbs Accrued Expenses And Other Liabilities Current Condensed
AccruedExpensesAndOtherLiabilitiesCurrentCondensed
2016000000 USD
CY2010Q4 cbs Total Other Liabilities
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6323000000 USD
CY2010Q4 us-gaap Preferred Stock Value
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0 USD
CY2010Q4 us-gaap Common Stock Value
CommonStockValue
1000000 USD
CY2010Q4 cbs Intercompany Receivables
IntercompanyReceivables
0 USD
CY2011Q1 cbs Increase Decrease In Intercompany Payables
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0 USD
CY2010Q1 cbs Increase Decrease In Intercompany Payables
IncreaseDecreaseInIntercompanyPayables
0 USD

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