2011 Q2 Form 10-Q Financial Statement
#000089772311000011 Filed on April 26, 2011
Income Statement
Concept | 2011 Q2 | 2010 Q4 | 2010 Q2 |
---|---|---|---|
Revenue | $1.569B | $1.688B | $1.527B |
YoY Change | 2.72% | 24.65% | 26.32% |
Cost Of Revenue | $1.452B | $1.556B | $1.410B |
YoY Change | 3.0% | 23.54% | 24.4% |
Gross Profit | $116.8M | $131.7M | $117.5M |
YoY Change | -0.55% | 39.66% | 54.98% |
Gross Profit Margin | 7.45% | 7.8% | 7.69% |
Selling, General & Admin | $62.21M | $61.20M | $63.56M |
YoY Change | -2.12% | 1.49% | 9.96% |
% of Gross Profit | 53.25% | 46.47% | 54.1% |
Research & Development | $4.914M | $3.600M | $3.252M |
YoY Change | 51.11% | -10.0% | -14.42% |
% of Gross Profit | 4.21% | 2.73% | 2.77% |
Depreciation & Amortization | $24.90M | $25.00M | $21.30M |
YoY Change | 16.9% | 9.17% | -4.05% |
% of Gross Profit | 21.31% | 18.98% | 18.13% |
Operating Expenses | $72.20M | $65.10M | $72.24M |
YoY Change | -0.06% | -0.46% | 15.21% |
Operating Profit | $44.63M | $66.60M | $45.24M |
YoY Change | -1.34% | 130.45% | 245.33% |
Interest Expense | $26.27M | -$22.90M | $26.58M |
YoY Change | -1.17% | -8.4% | -199.55% |
% of Operating Profit | 58.85% | -34.38% | 58.76% |
Other Income/Expense, Net | -$23.65M | -$37.00M | -$25.86M |
YoY Change | -8.57% | 516.67% | -3332.88% |
Pretax Income | $20.99M | $33.80M | $19.38M |
YoY Change | 8.33% | -222.02% | -171.49% |
Income Tax | $7.923M | $2.400M | $9.284M |
% Of Pretax Income | 37.75% | 7.1% | 47.92% |
Net Earnings | $13.07M | $31.40M | $10.09M |
YoY Change | 29.47% | -196.02% | -124.32% |
Net Earnings / Revenue | 0.83% | 1.86% | 0.66% |
Basic Earnings Per Share | $0.16 | $0.13 | |
Diluted Earnings Per Share | $0.16 | $379.7K | $0.12 |
COMMON SHARES | |||
Basic Shares Outstanding | 80.24M shares | 79.00M shares | |
Diluted Shares Outstanding | 83.94M shares | 82.78M shares |
Balance Sheet
Concept | 2011 Q2 | 2010 Q4 | 2010 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $655.0M | $593.0M | $673.0M |
YoY Change | -2.67% | -34.04% | -23.35% |
Cash & Equivalents | $654.7M | $592.8M | $673.0M |
Short-Term Investments | |||
Other Short-Term Assets | $136.0M | $134.0M | $152.0M |
YoY Change | -10.53% | -8.84% | 16.92% |
Inventory | $820.1M | $844.3M | $816.0M |
Prepaid Expenses | |||
Receivables | $965.2M | $1.019B | $819.0M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $2.576B | $2.590B | $2.460B |
YoY Change | 4.72% | 4.6% | 2.37% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $561.2M | $570.3M | $539.0M |
YoY Change | 4.13% | 5.02% | -6.75% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $125.5M | $141.5M | $85.00M |
YoY Change | 47.63% | 36.09% | -32.54% |
Total Long-Term Assets | $686.7M | $711.8M | $624.0M |
YoY Change | 10.05% | 9.84% | -11.24% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.576B | $2.590B | $2.460B |
Total Long-Term Assets | $686.7M | $711.8M | $624.0M |
Total Assets | $3.263B | $3.302B | $3.084B |
YoY Change | 5.8% | 5.69% | -0.71% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $854.4M | $923.0M | $885.0M |
YoY Change | -3.46% | 18.19% | 24.47% |
Accrued Expenses | $234.0M | $263.0M | $219.0M |
YoY Change | 6.85% | 10.04% | -13.44% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $61.90M | $65.00M | $0.00 |
YoY Change | |||
Long-Term Debt Due | $62.00M | $65.00M | $0.00 |
YoY Change | -63.07% | -100.0% | |
Total Short-Term Liabilities | $1.150B | $1.251B | $1.104B |
YoY Change | 4.16% | 4.63% | -3.16% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.240B | $1.241B | $1.261B |
YoY Change | -1.67% | -1.69% | -1.18% |
Other Long-Term Liabilities | $141.6M | $148.2M | $114.0M |
YoY Change | 24.23% | 0.81% | -8.8% |
Total Long-Term Liabilities | $1.382B | $1.389B | $1.375B |
YoY Change | 0.48% | -1.43% | -1.86% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.150B | $1.251B | $1.104B |
Total Long-Term Liabilities | $1.382B | $1.389B | $1.375B |
Total Liabilities | $2.532B | $2.640B | $2.479B |
YoY Change | 2.12% | 1.35% | -2.4% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$5.210B | ||
YoY Change | |||
Common Stock | $6.031B | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $214.5M | ||
YoY Change | |||
Treasury Stock Shares | 13.35M shares | ||
Shareholders Equity | $731.2M | $661.6M | $604.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.263B | $3.302B | $3.084B |
YoY Change | 5.8% | 5.69% | -0.71% |
Cashflow Statement
Concept | 2011 Q2 | 2010 Q4 | 2010 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $13.07M | $31.40M | $10.09M |
YoY Change | 29.47% | -196.02% | -124.32% |
Depreciation, Depletion And Amortization | $24.90M | $25.00M | $21.30M |
YoY Change | 16.9% | 9.17% | -4.05% |
Cash From Operating Activities | $106.8M | -$33.90M | -$32.20M |
YoY Change | -431.68% | -174.18% | -149.31% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$21.60M | -$37.30M | -$22.50M |
YoY Change | -4.0% | 258.65% | 108.33% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $3.100M | $1.000M | -$100.0K |
YoY Change | -3200.0% | 233.33% | -99.63% |
Cash From Investing Activities | -$18.30M | -$36.30M | -$22.70M |
YoY Change | -19.38% | 259.41% | -39.47% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 22.70M | 3.000M | 1.400M |
YoY Change | 1521.43% | -127.03% | -131.11% |
NET CHANGE | |||
Cash From Operating Activities | 106.8M | -33.90M | -32.20M |
Cash From Investing Activities | -18.30M | -36.30M | -22.70M |
Cash From Financing Activities | 22.70M | 3.000M | 1.400M |
Net Change In Cash | 111.2M | -67.20M | -53.50M |
YoY Change | -307.85% | -374.29% | -329.61% |
FREE CASH FLOW | |||
Cash From Operating Activities | $106.8M | -$33.90M | -$32.20M |
Capital Expenditures | -$21.60M | -$37.30M | -$22.50M |
Free Cash Flow | $128.4M | $3.400M | -$9.700M |
YoY Change | -1423.71% | -93.94% | -112.75% |
Facts In Submission
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|
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Allowance For Doubtful Accounts Product Returns And Other Net Sales Adjustments
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Allowance For Doubtful Accounts Product Returns And Other Net Sales Adjustments
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Prepaid Expenses And Other Current Assets
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|
14678000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-54922000 | USD | |
CY2010Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
10091000 | USD |
CY2011Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-23646000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-48518000 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-12604000 | USD | |
CY2010Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-25863000 | USD |
CY2010Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
72239000 | USD |
CY2011Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
72197000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
139289000 | USD | |
us-gaap |
Operating Expenses
OperatingExpenses
|
142268000 | USD | |
CY2011Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
44634000 | USD |
CY2010Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
45238000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
84896000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
105589000 | USD | |
us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
500000 | USD | |
us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
85000 | USD | |
CY2010Q2 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
500000 | USD |
CY2011Q2 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
0 | USD |
CY2011Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
125484000 | USD |
CY2010Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
141529000 | USD |
CY2011Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
125260000 | USD |
CY2010Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
140371000 | USD |
CY2011Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
141618000 | USD |
CY2010Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
148186000 | USD |
CY2010Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
120000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3278000 | USD | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
39775000 | USD | |
CY2011Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2061000 | USD |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
8509000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
2293000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
54760000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
35664000 | USD | |
us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
2105000 | USD | |
us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
3141000 | USD | |
us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
2784000 | USD | |
us-gaap |
Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
|
14637000 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
0 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-3100000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
779000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
8347000 | USD | |
CY2010Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
570258000 | USD |
CY2011Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
561249000 | USD |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
175700000 | USD | |
CY2011Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4914000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
9080000 | USD | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
6350000 | USD | |
CY2010Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3252000 | USD |
CY2010Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1527451000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
3005753000 | USD | |
CY2011Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1569058000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
3231509000 | USD | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
120683000 | USD | |
CY2011Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
62212000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
125972000 | USD | |
CY2010Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
63557000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7924000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10004000 | USD | |
CY2010Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
65000000 | USD |
CY2011Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
61900000 | USD |
CY2011Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
731196000 | USD |
CY2010Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
661601000 | USD |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
83338000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
81773000 | shares | |
CY2011Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
83940000 | shares |
CY2010Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
82782000 | shares |
CY2010Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
79001000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
80044000 | shares | |
CY2011Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
80242000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
78808000 | shares |