2011 Q3 Form 10-Q Financial Statement
#000115752311004964 Filed on August 11, 2011
Income Statement
| Concept | 2011 Q3 | 2010 Q3 |
|---|---|---|
| Revenue | $16.49B | $17.33B |
| YoY Change | -4.86% | 49.1% |
| Cost Of Revenue | $3.571B | $3.684B |
| YoY Change | -3.07% | 105.93% |
| Gross Profit | $12.91B | $13.64B |
| YoY Change | -5.34% | 38.76% |
| Gross Profit Margin | 78.34% | 78.74% |
| Selling, General & Admin | $4.800B | $4.774B |
| YoY Change | 0.54% | 45.46% |
| % of Gross Profit | 37.17% | 34.99% |
| Research & Development | $2.231B | $2.181B |
| YoY Change | 2.29% | 33.64% |
| % of Gross Profit | 17.28% | 15.99% |
| Depreciation & Amortization | $2.249B | $2.213B |
| YoY Change | 1.63% | 128.38% |
| % of Gross Profit | 17.42% | 16.22% |
| Operating Expenses | $7.031B | $6.955B |
| YoY Change | 1.09% | 41.53% |
| Operating Profit | $5.883B | $6.688B |
| YoY Change | -12.04% | 35.99% |
| Interest Expense | $404.0M | $389.0M |
| YoY Change | 3.86% | 5.42% |
| % of Operating Profit | 6.87% | 5.82% |
| Other Income/Expense, Net | $16.00M | |
| YoY Change | ||
| Pretax Income | $3.598B | $3.926B |
| YoY Change | -8.35% | -1.13% |
| Income Tax | $1.077B | $1.472B |
| % Of Pretax Income | 29.93% | 37.49% |
| Net Earnings | $2.610B | $2.475B |
| YoY Change | 5.45% | -14.0% |
| Net Earnings / Revenue | 15.83% | 14.28% |
| Basic Earnings Per Share | $0.33 | $0.31 |
| Diluted Earnings Per Share | $0.33 | $0.31 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 7.875B shares | |
| Diluted Shares Outstanding | 7.935B shares |
Balance Sheet
| Concept | 2011 Q3 | 2010 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $25.95B | $19.78B |
| YoY Change | 31.15% | -62.86% |
| Cash & Equivalents | $3.096B | $1.877B |
| Short-Term Investments | $22.85B | $17.91B |
| Other Short-Term Assets | $10.75B | $7.795B |
| YoY Change | 37.9% | 66.6% |
| Inventory | $8.597B | $9.511B |
| Prepaid Expenses | ||
| Receivables | $15.19B | $14.01B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $60.48B | $51.10B |
| YoY Change | 18.36% | -30.74% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $18.28B | $20.04B |
| YoY Change | -8.78% | 52.14% |
| Goodwill | $43.14B | |
| YoY Change | 97.94% | |
| Intangibles | $57.06B | |
| YoY Change | ||
| Long-Term Investments | $10.21B | $10.52B |
| YoY Change | -3.01% | -13.5% |
| Other Assets | $4.761B | $4.032B |
| YoY Change | 18.08% | -5.13% |
| Total Long-Term Assets | $135.4B | $140.0B |
| YoY Change | -3.25% | 107.33% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $60.48B | $51.10B |
| Total Long-Term Assets | $135.4B | $140.0B |
| Total Assets | $195.9B | $191.1B |
| YoY Change | 2.53% | 35.23% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $3.698B | $3.078B |
| YoY Change | 20.14% | 24.06% |
| Accrued Expenses | $1.815B | $1.789B |
| YoY Change | 1.45% | 6.62% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $5.988B | $5.509B |
| YoY Change | 8.69% | -20.78% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $30.47B | $24.68B |
| YoY Change | 23.46% | 2.87% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $35.72B | $37.77B |
| YoY Change | -5.41% | 16.55% |
| Other Long-Term Liabilities | $20.67B | $24.40B |
| YoY Change | -15.3% | 678.16% |
| Total Long-Term Liabilities | $35.72B | $37.77B |
| YoY Change | -5.41% | 6.27% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $30.47B | $24.68B |
| Total Long-Term Liabilities | $35.72B | $37.77B |
| Total Liabilities | $107.4B | $104.6B |
| YoY Change | 2.66% | 39.43% |
| 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 | $88.48B | $86.44B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $195.9B | $191.1B |
| YoY Change | 2.53% | 35.23% |
Cashflow Statement
| Concept | 2011 Q3 | 2010 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $2.610B | $2.475B |
| YoY Change | 5.45% | -14.0% |
| Depreciation, Depletion And Amortization | $2.249B | $2.213B |
| YoY Change | 1.63% | 128.38% |
| Cash From Operating Activities | $5.898B | $4.873B |
| YoY Change | 21.03% | 18.82% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$358.0M | -$373.0M |
| YoY Change | -4.02% | 42.91% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $719.0M | $12.00M |
| YoY Change | 5891.67% | -132.43% |
| Cash From Investing Activities | $361.0M | -$361.0M |
| YoY Change | -200.0% | 21.14% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -3.918B | -4.361B |
| YoY Change | -10.16% | 138.57% |
| NET CHANGE | ||
| Cash From Operating Activities | 5.898B | 4.873B |
| Cash From Investing Activities | 361.0M | -361.0M |
| Cash From Financing Activities | -3.918B | -4.361B |
| Net Change In Cash | 2.341B | 151.0M |
| YoY Change | 1450.33% | -92.35% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $5.898B | $4.873B |
| Capital Expenditures | -$358.0M | -$373.0M |
| Free Cash Flow | $6.256B | $5.246B |
| YoY Change | 19.25% | 20.27% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
57059000000 | |
| CY2011Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
35723000000 | |
| CY2011Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
2355000000 | |
| CY2011Q3 | us-gaap |
Inventory Net
InventoryNet
|
8597000000 | |
| CY2011Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
30833000000 | |
| CY2011Q3 | us-gaap |
Held To Maturity Securities Debt Maturities Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesNetCarryingAmount
|
781000000 | |
| CY2011Q3 | us-gaap |
Debt Current
DebtCurrent
|
5988000000 | |
| CY2011Q3 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
32352000000 | |
| CY2011Q3 | us-gaap |
Derivative Financial Instruments Liabilities Fair Value Disclosure
DerivativeFinancialInstrumentsLiabilitiesFairValueDisclosure
|
938000000 | |
| CY2011Q3 | pfe |
Intangible Assets Gross Carrying Amount
IntangibleAssetsGrossCarryingAmount
|
87892000000 | |
| CY2011Q3 | pfe |
Other Selected Financial Assets
OtherSelectedFinancialAssets
|
2471000000 | |
| CY2011Q3 | pfe |
Selected Financial Assets
SelectedFinancialAssets
|
34823000000 | |
| CY2011Q3 | pfe |
Selected Financial Assets Current Deferred Tax Assets And Other Current Assets
SelectedFinancialAssetsCurrentDeferredTaxAssetsAndOtherCurrentAssets
|
321000000 | |
| CY2011Q3 | pfe |
Selected Financial Assets Noncurrent Deferred Tax Assets And Other Noncurrent Assets
SelectedFinancialAssetsNoncurrentDeferredTaxAssetsAndOtherNoncurrentAssets
|
848000000 | |
| CY2011Q3 | pfe |
Selected Financial Liabilities Current Deferred Tax Liabilities And Other Current Liabilities
SelectedFinancialLiabilitiesCurrentDeferredTaxLiabilitiesAndOtherCurrentLiabilities
|
606000000 | |
| CY2011Q3 | pfe |
Selected Financial Liabilities Other Noncurrent Liabilities
SelectedFinancialLiabilitiesOtherNoncurrentLiabilities
|
332000000 | |
| CY2010Q3 | us-gaap |
Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
|
211000000 | |
| CY2010Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
38410000000 | |
| CY2010Q4 | us-gaap |
Inventory Net
InventoryNet
|
8275000000 | |
| CY2010Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
27402000000 | |
| CY2010Q4 | us-gaap |
Held To Maturity Securities Debt Maturities Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesNetCarryingAmount
|
1178000000 | |
| CY2010Q4 | us-gaap |
Debt Current
DebtCurrent
|
5603000000 | |
| CY2010Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
35544000000 | |
| CY2010Q4 | us-gaap |
Derivative Financial Instruments Liabilities Fair Value Disclosure
DerivativeFinancialInstrumentsLiabilitiesFairValueDisclosure
|
884000000 | |
| CY2010Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
57555000000 | |
| CY2010Q4 | pfe |
Intangible Assets Gross Carrying Amount
IntangibleAssetsGrossCarryingAmount
|
84957000000 | |
| CY2010Q4 | pfe |
Other Selected Financial Assets
OtherSelectedFinancialAssets
|
3078000000 | |
| CY2010Q4 | pfe |
Selected Financial Assets
SelectedFinancialAssets
|
38622000000 | |
| CY2010Q4 | pfe |
Selected Financial Assets Current Deferred Tax Assets And Other Current Assets
SelectedFinancialAssetsCurrentDeferredTaxAssetsAndOtherCurrentAssets
|
515000000 | |
| CY2010Q4 | pfe |
Selected Financial Assets Noncurrent Deferred Tax Assets And Other Noncurrent Assets
SelectedFinancialAssetsNoncurrentDeferredTaxAssetsAndOtherNoncurrentAssets
|
710000000 | |
| CY2010Q4 | pfe |
Selected Financial Liabilities Current Deferred Tax Liabilities And Other Current Liabilities
SelectedFinancialLiabilitiesCurrentDeferredTaxLiabilitiesAndOtherCurrentLiabilities
|
339000000 | |
| CY2010Q4 | pfe |
Selected Financial Liabilities Other Noncurrent Liabilities
SelectedFinancialLiabilitiesOtherNoncurrentLiabilities
|
545000000 | |
| us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
197000000 | ||
| us-gaap |
Loss Contingency Loss In Period
LossContingencyLossInPeriod
|
174000000 | ||
| us-gaap |
Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
4402000000 | ||
| us-gaap |
Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
|
419000000 | ||
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
7886000000 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.56 | ||
| us-gaap |
Interest Expense
InterestExpense
|
911000000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
7075000000 | ||
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
427000000 | shares | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.56 | ||
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
9177000000 | ||
| us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
-1253000000 | ||
| pfe |
Asset Impairment Charges And Other Charges
AssetImpairmentChargesAndOtherCharges
|
232000000 | ||
| pfe |
Business Combination Acquisition Related Costs Transaction Costs
BusinessCombinationAcquisitionRelatedCostsTransactionCosts
|
13000000 | ||
| pfe |
Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
|
1591000000 | ||
| us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
222000000 | ||
| us-gaap |
Loss Contingency Loss In Period
LossContingencyLossInPeriod
|
487000000 | ||
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Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
4328000000 | ||
| us-gaap |
Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
|
380000000 | ||
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
7498000000 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.61 | ||
| us-gaap |
Interest Expense
InterestExpense
|
862000000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
6800000000 | ||
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
281000000 | shares | |
| us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
791000000 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.61 | ||
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
9476000000 | ||
| us-gaap |
Goodwill Other Changes
GoodwillOtherChanges
|
388000000 | ||
| us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
734000000 | ||
| pfe |
Asset Impairment Charges And Other Charges
AssetImpairmentChargesAndOtherCharges
|
480000000 | ||
| pfe |
Business Combination Acquisition Related Costs Transaction Costs
BusinessCombinationAcquisitionRelatedCostsTransactionCosts
|
23000000 | ||
| pfe |
Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
|
1373000000 | ||
| us-gaap |
Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
|
10636000000 | ||
| CY2010Q3 | us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
85000000 | |
| CY2010Q3 | us-gaap |
Loss Contingency Loss In Period
LossContingencyLossInPeriod
|
37000000 | |
| CY2010Q3 | us-gaap |
Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
2181000000 | |
| CY2010Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
3684000000 | |
| CY2010Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.31 | |
| CY2010Q3 | us-gaap |
Interest Expense
InterestExpense
|
389000000 | |
| CY2010Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3926000000 | |
| CY2010Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
427000000 | shares |
| CY2010Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.31 | |
| CY2010Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
4774000000 | |
| CY2010Q3 | us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
-626000000 | |
| CY2010Q3 | pfe |
Asset Impairment Charges And Other Charges
AssetImpairmentChargesAndOtherCharges
|
196000000 | |
| CY2010Q3 | pfe |
Business Combination Acquisition Related Costs Transaction Costs
BusinessCombinationAcquisitionRelatedCostsTransactionCosts
|
4000000 | |
| CY2010Q3 | pfe |
Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
|
885000000 | |
| CY2011Q3 | us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
117000000 | |
| CY2011Q3 | us-gaap |
Loss Contingency Loss In Period
LossContingencyLossInPeriod
|
-14000000 | |
| CY2011Q3 | us-gaap |
Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
2237000000 | |
| CY2011Q3 | us-gaap |
Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
|
201000000 | |
| CY2011Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
3805000000 | |
| CY2011Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.33 | |
| CY2011Q3 | us-gaap |
Interest Expense
InterestExpense
|
404000000 | |
| CY2011Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3682000000 | |
| CY2011Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
280000000 | shares |
| CY2011Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.33 | |
| CY2011Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
4973000000 | |
| CY2011Q3 | us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
224000000 | |
| CY2011Q3 | pfe |
Asset Impairment Charges And Other Charges
AssetImpairmentChargesAndOtherCharges
|
320000000 | |
| CY2011Q3 | pfe |
Business Combination Acquisition Related Costs Transaction Costs
BusinessCombinationAcquisitionRelatedCostsTransactionCosts
|
13000000 | |
| CY2011Q3 | pfe |
Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
|
479000000 |
