2010 Q4 Form 10-K Financial Statement
#000145150511000032 Filed on February 28, 2011
Income Statement
| Concept | 2010 Q4 | 2010 Q2 | 2010 Q1 |
|---|---|---|---|
| Revenue | $2.127B | $2.479B | $2.579B |
| YoY Change | -22.17% | -13.98% | -17.29% |
| Cost Of Revenue | $1.339B | $1.347B | $1.186B |
| YoY Change | 3.32% | 5.48% | 1.28% |
| Gross Profit | $788.0M | $1.132B | $1.393B |
| YoY Change | -45.16% | -29.47% | -28.45% |
| Gross Profit Margin | 37.05% | 45.66% | 54.01% |
| Selling, General & Admin | $66.00M | $58.00M | $63.00M |
| YoY Change | 43.48% | 9.43% | 12.5% |
| % of Gross Profit | 8.38% | 5.12% | 4.52% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | -$146.0M | $393.0M | $374.0M |
| YoY Change | -141.6% | 9.17% | 5.35% |
| % of Gross Profit | -18.53% | 34.72% | 26.85% |
| Operating Expenses | $447.0M | $451.0M | $437.0M |
| YoY Change | 4.44% | 9.2% | 6.33% |
| Operating Profit | -$662.0M | $957.0M | $926.0M |
| YoY Change | -165.61% | -14.63% | -29.8% |
| Interest Expense | -$146.0M | -$136.0M | -$127.0M |
| YoY Change | 25.86% | 20.35% | -5.93% |
| % of Operating Profit | -14.21% | -13.71% | |
| Other Income/Expense, Net | $11.00M | -$3.000M | $15.00M |
| YoY Change | -52.17% | -62.5% | 87.5% |
| Pretax Income | -$836.0M | $810.0M | $830.0M |
| YoY Change | -193.1% | -18.35% | -30.25% |
| Income Tax | -$32.00M | $98.00M | $147.0M |
| % Of Pretax Income | 12.1% | 17.71% | |
| Net Earnings | -$799.0M | $715.0M | $677.0M |
| YoY Change | -210.51% | -11.29% | -28.13% |
| Net Earnings / Revenue | -37.56% | 28.84% | 26.25% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$2.489M | $2.234M | $2.102M |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2010 Q4 | 2010 Q2 | 2010 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $3.354B | $2.888B | $1.586B |
| YoY Change | 187.16% | 167.16% | 12.16% |
| Cash & Equivalents | $3.354B | $2.888B | $1.586B |
| Short-Term Investments | |||
| Other Short-Term Assets | $472.0M | $305.0M | $376.0M |
| YoY Change | 2.39% | -28.07% | -18.08% |
| Inventory | $514.0M | $467.0M | $464.0M |
| Prepaid Expenses | |||
| Receivables | $1.653B | $2.254B | $2.285B |
| Other Receivables | $190.0M | $0.00 | $0.00 |
| Total Short-Term Assets | $6.209B | $5.914B | $4.711B |
| YoY Change | 38.72% | 27.73% | -9.66% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $19.12B | $22.52B | $23.03B |
| YoY Change | -16.94% | 4.02% | 9.36% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $3.354B | $984.0M | $970.0M |
| YoY Change | 315.1% | 16.86% | 13.32% |
| Total Long-Term Assets | $30.61B | $31.64B | $32.13B |
| YoY Change | -4.24% | 3.3% | 6.93% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $6.209B | $5.914B | $4.711B |
| Total Long-Term Assets | $30.61B | $31.64B | $32.13B |
| Total Assets | $36.81B | $37.55B | $36.84B |
| YoY Change | 1.04% | 6.51% | 4.48% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $832.0M | $968.0M | $746.0M |
| YoY Change | 6.67% | 16.77% | 0.13% |
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $2.160B | $1.662B | $1.529B |
| YoY Change | 15.63% | 42.91% | -25.05% |
| Total Short-Term Liabilities | $3.996B | $4.668B | $3.302B |
| YoY Change | 10.45% | 57.76% | -12.85% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $9.061B | $9.764B | $9.910B |
| YoY Change | -8.0% | -10.34% | -9.28% |
| Other Long-Term Liabilities | $1.791B | $1.683B | $1.707B |
| YoY Change | 6.35% | -1.81% | -2.62% |
| Total Long-Term Liabilities | $11.44B | $11.45B | $11.62B |
| YoY Change | -0.83% | -9.18% | -8.36% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $3.996B | $4.668B | $3.302B |
| Total Long-Term Liabilities | $11.44B | $11.45B | $11.62B |
| Total Liabilities | $15.43B | $16.83B | $15.64B |
| YoY Change | -2.84% | 3.4% | -8.75% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $9.934B | ||
| YoY Change | |||
| Common Stock | $4.482B | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $240.0M | ||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $21.35B | $20.72B | $21.20B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $36.81B | $37.55B | $36.84B |
| YoY Change | 1.04% | 6.51% | 4.48% |
Cashflow Statement
| Concept | 2010 Q4 | 2010 Q2 | 2010 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$799.0M | $715.0M | $677.0M |
| YoY Change | -210.51% | -11.29% | -28.13% |
| Depreciation, Depletion And Amortization | -$146.0M | $393.0M | $374.0M |
| YoY Change | -141.6% | 9.17% | 5.35% |
| Cash From Operating Activities | $756.0M | $1.269B | $1.172B |
| YoY Change | -35.66% | -19.48% | -18.67% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$380.0M | -$300.0M | -$369.0M |
| YoY Change | -55.08% | -68.32% | -47.88% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $580.0M | $46.00M |
| YoY Change | -100.0% | -1035.48% | -79.91% |
| Cash From Investing Activities | -$380.0M | $280.0M | -$323.0M |
| YoY Change | -43.11% | -127.75% | -32.57% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -1.658B | -247.0M | -393.0M |
| YoY Change | 530.42% | -74.32% | -36.92% |
| NET CHANGE | |||
| Cash From Operating Activities | 756.0M | 1.269B | 1.172B |
| Cash From Investing Activities | -380.0M | 280.0M | -323.0M |
| Cash From Financing Activities | -1.658B | -247.0M | -393.0M |
| Net Change In Cash | -1.282B | 1.302B | 456.0M |
| YoY Change | -625.41% | -429.62% | 34.51% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $756.0M | $1.269B | $1.172B |
| Capital Expenditures | -$380.0M | -$300.0M | -$369.0M |
| Free Cash Flow | $1.136B | $1.569B | $1.541B |
| YoY Change | -43.79% | -37.81% | -28.29% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2008 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
743000000 | |
| CY2010Q4 | rig |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax Attributable To Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTaxAttributableToNoncontrollingInterest
|
0 | |
| CY2009Q4 | rig |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax Attributable To Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTaxAttributableToNoncontrollingInterest
|
0 | |
| CY2010Q4 | rig |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax Attributable To Redeemable Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTaxAttributableToRedeemableNoncontrollingInterest
|
0 | |
| CY2009Q4 | rig |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax Attributable To Redeemable Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTaxAttributableToRedeemableNoncontrollingInterest
|
0 | |
| CY2010 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest
|
0 | |
| CY2009 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest
|
0 | |
| CY2008 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest
|
0 | |
| CY2010 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
69000000 | |
| CY2009 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
139000000 | |
| CY2008 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
268000000 | |
| CY2010 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
134000000 | |
| CY2009 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
0 | |
| CY2008 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
0 | |
| CY2010 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
-21000000 | |
| CY2009 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
5000000 | |
| CY2008 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
0 | |
| CY2010 | rig |
Other Comprehensive Income Unrecognized Components Of Net Periodic Benefit Costs Before Tax Period Increase Decrease Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeUnrecognizedComponentsOfNetPeriodicBenefitCostsBeforeTaxPeriodIncreaseDecreasePortionAttributableToNoncontrollingInterest
|
0 | |
| CY2009 | rig |
Other Comprehensive Income Unrecognized Components Of Net Periodic Benefit Costs Before Tax Period Increase Decrease Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeUnrecognizedComponentsOfNetPeriodicBenefitCostsBeforeTaxPeriodIncreaseDecreasePortionAttributableToNoncontrollingInterest
|
0 | |
| CY2008 | rig |
Other Comprehensive Income Unrecognized Components Of Net Periodic Benefit Costs Before Tax Period Increase Decrease Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeUnrecognizedComponentsOfNetPeriodicBenefitCostsBeforeTaxPeriodIncreaseDecreasePortionAttributableToNoncontrollingInterest
|
0 | |
| CY2010 | rig |
Other Comprehensive Income Recognized Gain Loss On Derivatives Arising During Period Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeRecognizedGainLossOnDerivativesArisingDuringPeriodBeforeTaxPortionAttributableToNoncontrollingInterest
|
-2000000 | |
| CY2009 | rig |
Other Comprehensive Income Recognized Gain Loss On Derivatives Arising During Period Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeRecognizedGainLossOnDerivativesArisingDuringPeriodBeforeTaxPortionAttributableToNoncontrollingInterest
|
3000000 | |
| CY2008 | rig |
Other Comprehensive Income Recognized Gain Loss On Derivatives Arising During Period Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeRecognizedGainLossOnDerivativesArisingDuringPeriodBeforeTaxPortionAttributableToNoncontrollingInterest
|
0 | |
| CY2010Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
926000000 | |
| CY2010Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
957000000 | |
| CY2010Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-662000000 | |
| CY2009Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
957000000 | |
| CY2009Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1121000000 | |
| CY2009Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1319000000 | |
| CY2010Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-335000000 | |
| CY2009Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
|
-334000000 | |
| CY2010 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest
|
-21000000 | |
| CY2009 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest
|
5000000 | |
| CY2008 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest
|
0 | |
| CY2010 | rig |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTaxPortionAttributableToNoncontrollingInterest
|
-19000000 | |
| CY2009 | rig |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTaxPortionAttributableToNoncontrollingInterest
|
2000000 | |
| CY2008 | rig |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTaxPortionAttributableToNoncontrollingInterest
|
0 | |
| CY2010 | rig |
Other Comprehensive Income Recognized Components Of Net Periodic Benefit Costs Before Tax Period Increase Decrease Attributable To Noncontrolling Interest
OtherComprehensiveIncomeRecognizedComponentsOfNetPeriodicBenefitCostsBeforeTaxPeriodIncreaseDecreaseAttributableToNoncontrollingInterest
|
0 | |
| CY2009 | rig |
Other Comprehensive Income Recognized Components Of Net Periodic Benefit Costs Before Tax Period Increase Decrease Attributable To Noncontrolling Interest
OtherComprehensiveIncomeRecognizedComponentsOfNetPeriodicBenefitCostsBeforeTaxPeriodIncreaseDecreaseAttributableToNoncontrollingInterest
|
0 | |
| CY2008 | rig |
Other Comprehensive Income Recognized Components Of Net Periodic Benefit Costs Before Tax Period Increase Decrease Attributable To Noncontrolling Interest
OtherComprehensiveIncomeRecognizedComponentsOfNetPeriodicBenefitCostsBeforeTaxPeriodIncreaseDecreaseAttributableToNoncontrollingInterest
|
0 | |
| CY2010Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-799000000 | |
| CY2010Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
715000000 | |
| CY2010Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
677000000 | |
| CY2009Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
710000000 | |
| CY2009Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
806000000 | |
| CY2009Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
942000000 | |
| CY2010 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
0 | |
| CY2009 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
716000000 | |
| CY2008 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
0 | |
| CY2010 | rig |
Other Comprehensive Income Other Net Period Increase Decrease Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeOtherNetPeriodIncreaseDecreaseBeforeTaxPortionAttributableToNoncontrollingInterest
|
0 | |
| CY2009 | rig |
Other Comprehensive Income Other Net Period Increase Decrease Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeOtherNetPeriodIncreaseDecreaseBeforeTaxPortionAttributableToNoncontrollingInterest
|
0 | |
| CY2008 | rig |
Other Comprehensive Income Other Net Period Increase Decrease Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeOtherNetPeriodIncreaseDecreaseBeforeTaxPortionAttributableToNoncontrollingInterest
|
0 | |
| CY2010 | us-gaap |
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign Countries Amount
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToIndividualForeignCountriesAmount
|
9576000000 | |
| CY2009 | us-gaap |
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign Countries Amount
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToIndividualForeignCountriesAmount
|
11556000000 | |
| CY2008 | us-gaap |
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Individual Foreign Countries Amount
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToIndividualForeignCountriesAmount
|
12674000000 |
