2010 Q4 Form 10-Q Financial Statement

#000095012310100174 Filed on November 03, 2010

View on sec.gov

Income Statement

Concept 2010 Q4 2010 Q3 2009 Q3
Revenue $2.274B $1.956B $1.779B
YoY Change 14.83% 9.92% 26.83%
Cost Of Revenue $1.394B $1.156B
YoY Change 20.6%
Gross Profit $561.6M $623.2M
YoY Change -9.87%
Gross Profit Margin 28.72% 35.03%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.972B $1.731B $1.589B
YoY Change 12.09% 8.93% 26.03%
Operating Profit -$1.169B -$966.0M
YoY Change 21.06%
Interest Expense -$27.30M $25.19M $5.243M
YoY Change 9.64% 380.47% -131.21%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $256.2M $184.0M $182.6M
YoY Change 59.94% 0.74% 461.85%
Income Tax $78.50M $68.94M $64.34M
% Of Pretax Income 30.64% 37.48% 35.24%
Net Earnings $183.7M $119.5M $118.2M
YoY Change 63.42% 1.06% 369.08%
Net Earnings / Revenue 8.08% 6.11% 6.64%
Basic Earnings Per Share $2.51 $1.63 $1.62
Diluted Earnings Per Share $2.45 $1.61 $1.61
COMMON SHARES
Basic Shares Outstanding 73.23M shares 73.16M shares
Diluted Shares Outstanding 74.42M shares

Balance Sheet

Concept 2010 Q4 2010 Q3 2009 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $463.7M $634.1M $546.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $7.000M
YoY Change
Intangibles
YoY Change
Long-Term Investments $22.67B $22.31B $18.23B
YoY Change 17.91% 22.37% 12.35%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $28.67B $28.93B $24.16B
YoY Change 13.55% 19.75% 10.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $200.0M $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $200.0M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $2.026B $2.226B $1.826B
YoY Change -8.94% 21.91% -5.49%
Other Long-Term Liabilities $8.412B $9.015B $8.126B
YoY Change -0.56% 10.94% 0.73%
Total Long-Term Liabilities $10.44B $11.24B $9.952B
YoY Change -2.3% 12.95% -0.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $200.0M
Total Long-Term Liabilities $10.44B $11.24B $9.952B
Total Liabilities $23.90B $23.94B $20.39B
YoY Change 11.8% 17.4% 5.99%
SHAREHOLDERS EQUITY
Retained Earnings $2.327B $2.402B
YoY Change 13.23%
Common Stock $1.479B $1.478B
YoY Change 1.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $295.0K $8.774M
YoY Change -98.32%
Treasury Stock Shares
Shareholders Equity $4.765B $4.998B $3.773B
YoY Change
Total Liabilities & Shareholders Equity $28.67B $28.93B $24.16B
YoY Change 13.55% 19.75% 10.61%

Cashflow Statement

Concept 2010 Q4 2010 Q3 2009 Q3
OPERATING ACTIVITIES
Net Income $183.7M $119.5M $118.2M
YoY Change 63.42% 1.06% 369.08%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $512.4M $295.1M $363.7M
YoY Change 11.08% -18.86% 268.12%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$511.1M -$332.4M -$217.8M
YoY Change -49.61% 52.62% -7.44%
Cash From Investing Activities -$511.1M -$332.4M -$217.8M
YoY Change -49.61% 52.62% -7.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -180.2M 94.20M -22.60M
YoY Change -134.76% -516.81% -111.4%
NET CHANGE
Cash From Operating Activities 512.4M 295.1M 363.7M
Cash From Investing Activities -511.1M -332.4M -217.8M
Cash From Financing Activities -180.2M 94.20M -22.60M
Net Change In Cash -178.9M 56.90M 123.3M
YoY Change 418.55% -53.85% 99.84%
FREE CASH FLOW
Cash From Operating Activities $512.4M $295.1M $363.7M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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ProceedsFromSaleOfAvailableForSaleSecurities
2533344000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
107648000 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
3664819000 USD
us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
97947000 USD
us-gaap Payments To Fund Policy Loans
PaymentsToFundPolicyLoans
38996000 USD
us-gaap Proceeds From Collection Of Policy Loans
ProceedsFromCollectionOfPolicyLoans
2412000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-20334000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1209383000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
26340000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
0 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
718000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1379000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8804000 USD
us-gaap Proceeds From Issuance Of Financial Services Obligations
ProceedsFromIssuanceOfFinancialServicesObligations
121054000 USD
us-gaap Net Change Annuities And Investment Certificates
NetChangeAnnuitiesAndInvestmentCertificates
-117346000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13167000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
14319000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
122048000 USD
us-gaap Interest Paid
InterestPaid
61327000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
41368000 USD
us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
61137000 USD
us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
94650000 USD
us-gaap Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
-84861000 USD
us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
-20394000 USD
us-gaap Increase Decrease In Insurance Liabilities
IncreaseDecreaseInInsuranceLiabilities
682234000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-46756000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-182090000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
93359000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
38875000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
1491000 USD
us-gaap Other Adjustments For Noncash Items Included In Income Loss From Continuing Operations
OtherAdjustmentsForNoncashItemsIncludedInIncomeLossFromContinuingOperations
23235000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
902938000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
2081979000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
61180000 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
3019892000 USD
us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
72000 USD
us-gaap Payments To Fund Policy Loans
PaymentsToFundPolicyLoans
9508000 USD
us-gaap Increase Decrease In Funds Held Under Reinsurance Agreements
IncreaseDecreaseInFundsHeldUnderReinsuranceAgreements
59486000 USD
us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
29036000 USD
us-gaap Proceeds From Collection Of Policy Loans
ProceedsFromCollectionOfPolicyLoans
27170000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
35343000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-924936000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
19635000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
39960000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
22539000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
1607000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1491000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
963000 USD
us-gaap Proceeds From Issuance Of Financial Services Obligations
ProceedsFromIssuanceOfFinancialServicesObligations
-137418000 USD
us-gaap Net Change Annuities And Investment Certificates
NetChangeAnnuitiesAndInvestmentCertificates
-104694000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-323399000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
16876000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-328521000 USD
CY2009Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
546882000 USD
us-gaap Interest Paid
InterestPaid
49193000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
21491000 USD

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c61070ce10vq.htm Edgar Link pending
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