2010 Q4 Form 10-K Financial Statement

#000095012311016606 Filed on February 22, 2011

View on sec.gov

Income Statement

Concept 2010 Q4 2009 Q4 2008 Q4
Revenue $1.071K $1.054B $646.1M
YoY Change -100.0% 63.1% -34.1%
Cost Of Revenue $918.7M $878.3M $567.1M
YoY Change 4.6% 54.88% -29.9%
Gross Profit $152.4M $175.5M $79.00M
YoY Change -13.16% 122.15% -53.91%
Gross Profit Margin 14228363.36% 16.65% 12.23%
Selling, General & Admin $40.10M $30.50M $35.50M
YoY Change 31.48% -14.08% -28.71%
% of Gross Profit 26.31% 17.38% 44.94%
Research & Development $16.40M $14.00M $15.30M
YoY Change 17.14% -8.5% 2.68%
% of Gross Profit 10.76% 7.98% 19.37%
Depreciation & Amortization $32.00M $28.10M $33.90M
YoY Change 13.88% -17.11% 5.28%
% of Gross Profit 21.0% 16.01% 42.91%
Operating Expenses $56.50M $44.50M $50.80M
YoY Change 26.97% -12.4% -21.48%
Operating Profit $95.90 $131.0M $28.20M
YoY Change -100.0% 364.54% -73.57%
Interest Expense -$18.40M -$10.10M -$6.200M
YoY Change 82.18% 62.9% 138.46%
% of Operating Profit -19186652.76% -7.71% -21.99%
Other Income/Expense, Net -$100.0K $1.000M -$2.100M
YoY Change -110.0% -147.62% -163.64%
Pretax Income $77.40M $121.9M $19.90M
YoY Change -36.51% 512.56% -81.47%
Income Tax $15.40M $34.40M $100.0K
% Of Pretax Income 19.9% 28.22% 0.5%
Net Earnings $62.00 $87.30M $19.80M
YoY Change -100.0% 340.91% -73.77%
Net Earnings / Revenue 5.79% 8.28% 3.06%
Basic Earnings Per Share $0.44
Diluted Earnings Per Share $0.44 $622.7K $142.2K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2010 Q4 2009 Q4 2008 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $481.6M $206.7M $216.5M
YoY Change 132.99% -4.53% 62.29%
Cash & Equivalents $481.6M $369.0M $216.5M
Short-Term Investments
Other Short-Term Assets $57.40 $1.100M $72.80M
YoY Change -99.99% -98.49% -17.08%
Inventory $2.508K $2.205B $1.882B
Prepaid Expenses $9.900M $14.20M
Receivables $200.20 $160.4M $101.1M
Other Receivables $54.60M $52.60M $160.9M
Total Short-Term Assets $3.295K $2.853B $2.433B
YoY Change -100.0% 17.24% 32.04%
LONG-TERM ASSETS
Property, Plant & Equipment $1.470K $1.279B $1.068B
YoY Change -100.0% 19.75% 10.84%
Goodwill $2.900M $3.00
YoY Change 96666566.67%
Intangibles
YoY Change
Long-Term Investments $4.30 $4.100M $3.900M
YoY Change -100.0% 5.13%
Other Assets $109.90 $74.60M $263.9M
YoY Change -100.0% -71.73% -36.62%
Total Long-Term Assets $1.807K $1.621B $1.327B
YoY Change -100.0% 22.15% -11.36%
TOTAL ASSETS
Total Short-Term Assets $3.295K $2.853B $2.433B
Total Long-Term Assets $1.807K $1.621B $1.327B
Total Assets $5.102K $4.474B $3.760B
YoY Change -100.0% 18.97% 12.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $443.50 $441.3M $316.9M
YoY Change -100.0% 39.26% -12.6%
Accrued Expenses $190.70 $161.9M $144.3M
YoY Change -100.0% 12.2% -11.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.500M $6.700M $7.100M
YoY Change 41.79% -5.63% -55.63%
Total Short-Term Liabilities $1.164K $982.2M $743.3M
YoY Change -100.0% 32.14% 10.12%
LONG-TERM LIABILITIES
Long-Term Debt $1.187B $876.9M $580.9M
YoY Change 35.4% 50.96% 0.33%
Other Long-Term Liabilities $54.60 $52.10M $1.135B
YoY Change -100.0% -95.41% 42.68%
Total Long-Term Liabilities $54.60 $52.10M $1.716B
YoY Change -100.0% -96.96% 24.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.164K $982.2M $743.3M
Total Long-Term Liabilities $54.60 $52.10M $1.716B
Total Liabilities $1.219K $1.034B $2.463B
YoY Change -100.0% -58.01% 18.81%
SHAREHOLDERS EQUITY
Retained Earnings $900.70 $681.8M
YoY Change -100.0%
Common Stock $983.60 $949.8M
YoY Change -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.810K $1.573B $1.297B
YoY Change
Total Liabilities & Shareholders Equity $5.102K $4.474B $3.760B
YoY Change -100.0% 18.97% 12.59%

Cashflow Statement

Concept 2010 Q4 2009 Q4 2008 Q4
OPERATING ACTIVITIES
Net Income $62.00 $87.30M $19.80M
YoY Change -100.0% 340.91% -73.77%
Depreciation, Depletion And Amortization $32.00M $28.10M $33.90M
YoY Change 13.88% -17.11% 5.28%
Cash From Operating Activities $364.1M $4.700M $64.10M
YoY Change 7646.81% -92.67% -12.79%
INVESTING ACTIVITIES
Capital Expenditures -$105.1M -$51.30M -$60.60M
YoY Change 104.87% -15.35% 0.66%
Acquisitions
YoY Change
Other Investing Activities $200.0K $28.30M $29.60M
YoY Change -99.29% -4.39% 21.81%
Cash From Investing Activities -$104.9M -$23.00M -$31.00M
YoY Change 356.09% -25.81% -13.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 155.7M 134.6M 11.80M
YoY Change 15.68% 1040.68% -228.26%
NET CHANGE
Cash From Operating Activities 364.1M 4.700M 64.10M
Cash From Investing Activities -104.9M -23.00M -31.00M
Cash From Financing Activities 155.7M 134.6M 11.80M
Net Change In Cash 414.9M 116.3M 44.90M
YoY Change 256.75% 159.02% 58.1%
FREE CASH FLOW
Cash From Operating Activities $364.1M $4.700M $64.10M
Capital Expenditures -$105.1M -$51.30M -$60.60M
Free Cash Flow $469.2M $56.00M $124.7M
YoY Change 737.86% -55.09% -6.73%

Facts In Submission

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4300000 USD
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8800000 USD
CY2009 us-gaap Net Cash Provided By Used In Operating Activities
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CY2009 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2008 us-gaap Increase Decrease In Accounts Receivable
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CY2008 us-gaap Payments To Acquire Property Plant And Equipment
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CY2008 us-gaap Payments For Proceeds From Other Investing Activities
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CY2008 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2007Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2008Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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293400000 USD
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8500000 USD
CY2010 spr Supplemental Balance Sheet Information
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<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">21</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Supplemental Balance Sheet Information</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:Times New Roman;font-size:10pt;">Accrued expenses and other liabilities consist of the following</font><font style="font-family:Times New Roman;font-size:12pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;">&#160;</td><td style="width: 12px; 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text-align:right;border-color:#000000;min-width:99px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 24.4</font></td></tr><tr style="height: 16px"><td colspan="3" style="width: 414px; text-align:left;border-color:#000000;min-width:414px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Warranty/extraordinary rework reserve - non-current</font></td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 97px; text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 14.2</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 99px; text-align:right;border-color:#000000;min-width:99px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 13.1</font></td></tr><tr style="height: 16px"><td colspan="3" style="width: 414px; text-align:left;border-color:#000000;min-width:414px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other</font></td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;">&#160;</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 97px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 16.9</font></td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 99px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:99px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 14.6</font></td></tr><tr style="height: 16px"><td colspan="3" style="width: 414px; text-align:left;border-color:#000000;min-width:414px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Total</font></td><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 97px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 45.8</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 99px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:99px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 52.1</font></td></tr></table></div>

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