2008 Form 8-K Financial Statement
#000009774511000033 Filed on July 12, 2011
Income Statement
| Concept | 2008 |
|---|---|
| Revenue | $10.50B |
| YoY Change | 7.71% |
| Cost Of Revenue | $992.2M |
| YoY Change | 15.01% |
| Gross Profit | $9.506B |
| YoY Change | 7.0% |
| Gross Profit Margin | 90.55% |
| Selling, General & Admin | $2.692B |
| YoY Change | 5.62% |
| % of Gross Profit | 28.32% |
| Research & Development | $249.0M |
| YoY Change | 4.18% |
| % of Gross Profit | 2.62% |
| Depreciation & Amortization | $792.7M |
| YoY Change | 4.74% |
| % of Gross Profit | 8.34% |
| Operating Expenses | $2.692B |
| YoY Change | 5.62% |
| Operating Profit | $1.229B |
| YoY Change | 26.17% |
| Interest Expense | $151.5M |
| YoY Change | -223.17% |
| % of Operating Profit | 12.32% |
| Other Income/Expense, Net | $4.000M |
| YoY Change | -55.56% |
| Pretax Income | $1.093B |
| YoY Change | 26.93% |
| Income Tax | $152.6M |
| % Of Pretax Income | 13.96% |
| Net Earnings | $980.9M |
| YoY Change | 31.07% |
| Net Earnings / Revenue | 9.34% |
| Basic Earnings Per Share | $2.34 |
| Diluted Earnings Per Share | $2.25 |
| COMMON SHARES | |
| Basic Shares Outstanding | 418.2M shares |
| Diluted Shares Outstanding | 434.7M shares |
Balance Sheet
| Concept | 2008 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $1.288B |
| YoY Change | 101.56% |
| Cash & Equivalents | $1.281B |
| Short-Term Investments | $8.000M |
| Other Short-Term Assets | $408.0M |
| YoY Change | 0.49% |
| Inventory | $1.171B |
| Prepaid Expenses | |
| Receivables | $1.478B |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $4.346B |
| YoY Change | 18.58% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $1.275B |
| YoY Change | 0.63% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $368.0M |
| YoY Change | -8.91% |
| Total Long-Term Assets | $16.74B |
| YoY Change | -4.55% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $4.346B |
| Total Long-Term Assets | $16.74B |
| Total Assets | $21.09B |
| YoY Change | -0.55% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $540.0M |
| YoY Change | -20.24% |
| Accrued Expenses | $818.0M |
| YoY Change | -7.36% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $15.00M |
| YoY Change | -89.93% |
| Total Short-Term Liabilities | $1.540B |
| YoY Change | -19.03% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $2.027B |
| YoY Change | -0.93% |
| Other Long-Term Liabilities | $602.0M |
| YoY Change | 22.36% |
| Total Long-Term Liabilities | $2.629B |
| YoY Change | 3.59% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $1.540B |
| Total Long-Term Liabilities | $2.629B |
| Total Liabilities | $6.164B |
| YoY Change | -8.26% |
| 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 | $14.93B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $21.09B |
| YoY Change | -0.55% |
Cashflow Statement
| Concept | 2008 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $980.9M |
| YoY Change | 31.07% |
| Depreciation, Depletion And Amortization | $792.7M |
| YoY Change | 4.74% |
| Cash From Operating Activities | $1.420B |
| YoY Change | -4.27% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | $264.4M |
| YoY Change | 50.66% |
| Acquisitions | $201.5M |
| YoY Change | -59.09% |
| Other Investing Activities | $10.90M |
| YoY Change | -73.99% |
| Cash From Investing Activities | -$450.0M |
| YoY Change | -23.21% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | $102.3M |
| YoY Change | -81.49% |
| Debt Paid & Issued, Net | $131.4M |
| YoY Change | 1200.99% |
| Cash From Financing Activities | -$228.4M |
| YoY Change | -75.41% |
| NET CHANGE | |
| Cash From Operating Activities | $1.420B |
| Cash From Investing Activities | -$450.0M |
| Cash From Financing Activities | -$228.4M |
| Net Change In Cash | $741.8M |
| YoY Change | -2477.56% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $1.420B |
| Capital Expenditures | $264.4M |
| Free Cash Flow | $1.156B |
| YoY Change | -11.64% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2010 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
36100000 | USD |
| CY2009 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
28100000 | USD |
| CY2008 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
21400000 | USD |
| CY2008 | us-gaap |
Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod
|
13700000 | USD |
| CY2009 | us-gaap |
Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod
|
18600000 | USD |
| CY2010 | us-gaap |
Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod
|
22800000 | USD |
| CY2010 | tmo |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1105700000 | USD |
| CY2009 | tmo |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
880400000 | USD |
| CY2008 | tmo |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1092900000 | USD |
| CY2010 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
9200000 | USD |
| CY2009 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
11400000 | USD |
| CY2008 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-86400000 | USD |
| CY2010 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-1295100000 | USD |
| CY2009 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-557500000 | USD |
| CY2008 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-228400000 | USD |
| CY2010 | us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
24300000 | USD |
| CY2009 | us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
18000000 | USD |
| CY2008 | us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
17200000 | USD |
| CY2010 | tmo |
Schedule Of Convertible Debt Potential Share Increase Tabletextblock
ScheduleOfConvertibleDebtPotentialShareIncreaseTabletextblock
|
<p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">       </font><font style="font-family:Times New Roman;font-size:11pt;">The table below discloses the effect of </font><font style="font-family:Times New Roman;font-size:11pt;">changes</font><font style="font-family:Times New Roman;font-size:11pt;"> in the company's stock price on the amount of shares to be included in the earnings per share calculation. The securities are convertible only if the common stock price equals or exceeds the trigger price. The table assumes normal conversion for the 3.25% Senior Convertible Subordinated Notes due 2024 in which the principal amount is paid in cash, and the excess up to the conversion value is paid in shares of the company's stock as follows</font><font style="font-family:Times New Roman;font-size:11pt;">:</font></p><p style='margin-top:0pt; margin-bottom:12pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="3" style="width: 596px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:596px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">3.25% Senior Convertible Notes</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:88px;"> </td></tr><tr style="height: 16px"><td colspan="3" style="width: 596px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:596px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 77px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:77px;"> </td></tr><tr style="height: 17px"><td colspan="3" style="width: 596px; text-align:left;border-color:#000000;min-width:596px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Principal Outstanding (in millions)</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 77px; text-align:right;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 329.3</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 596px; text-align:left;border-color:#000000;min-width:596px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Conversion Price per Share</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 77px; text-align:right;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 40.20</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 596px; text-align:left;border-color:#000000;min-width:596px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Trigger Price</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 77px; text-align:right;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 48.24</font></td></tr><tr style="height: 16px"><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 558px; text-align:left;border-color:#000000;min-width:558px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 77px; text-align:left;border-color:#000000;min-width:77px;"> </td></tr><tr style="height: 67px"><td colspan="3" style="width: 596px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:596px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Future Common Stock Price</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">Total Potential Shares (in millions)</font></td></tr><tr style="height: 16px"><td style="width: 19px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 19px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 558px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:558px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:11px;"> </td><td style="width: 77px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:77px;"> </td></tr><tr style="height: 17px"><td colspan="3" style="width: 596px; text-align:left;border-color:#000000;min-width:596px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">$40.20</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"> </td><td style="width: 77px; text-align:right;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> —</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 596px; text-align:left;border-color:#000000;min-width:596px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">$41.20</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"> </td><td style="width: 77px; text-align:right;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 0.2</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 596px; text-align:left;border-color:#000000;min-width:596px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">$45.00</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"> </td><td style="width: 77px; text-align:right;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 0.9</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 596px; text-align:left;border-color:#000000;min-width:596px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">$50.00</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"> </td><td style="width: 77px; text-align:right;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 1.6</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 596px; text-align:left;border-color:#000000;min-width:596px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">$55.00</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"> </td><td style="width: 77px; text-align:right;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 2.2</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 596px; text-align:left;border-color:#000000;min-width:596px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">$60.00</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"> </td><td style="width: 77px; text-align:right;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 2.7</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 596px; text-align:left;border-color:#000000;min-width:596px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">$65.00</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"> </td><td style="width: 77px; text-align:right;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 3.1</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 596px; text-align:left;border-color:#000000;min-width:596px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">$70.00</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"> </td><td style="width: 77px; text-align:right;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 3.5</font></td></tr></table></div> | |
| CY2010 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2010Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
7700000 | USD |
| CY2010Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
8600000 | USD |
| CY2010Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
9700000 | USD |
| us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
12600000 | USD | |
| CY2009Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
3500000 | USD |
| CY2009Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
7800000 | USD |
| CY2009Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
7700000 | USD |
| us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
8100000 | USD | |
| CY2011Q1 | tmo |
Debt Subject To Mandatory Redemption Redemption Price
DebtSubjectToMandatoryRedemptionRedemptionPrice
|
1.01 | pure |
| CY2010 | dei |
Document Type
DocumentType
|
8-K |
