2009 Form 10-K Financial Statement
#000091636511000013 Filed on February 23, 2011
Income Statement
| Concept | 2009 | 2008 |
|---|---|---|
| Revenue | $3.207B | $3.008B |
| YoY Change | 6.62% | 11.28% |
| Cost Of Revenue | $2.165B | $2.053B |
| YoY Change | 5.46% | 11.27% |
| Gross Profit | $1.042B | $955.0M |
| YoY Change | 9.11% | 11.31% |
| Gross Profit Margin | 32.49% | 31.75% |
| Selling, General & Admin | $784.0M | $716.0M |
| YoY Change | 9.5% | 11.53% |
| % of Gross Profit | 75.24% | 74.97% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $66.30M | $60.70M |
| YoY Change | 9.23% | 18.79% |
| % of Gross Profit | 6.36% | 6.36% |
| Operating Expenses | $850.0M | $777.0M |
| YoY Change | 9.4% | 12.12% |
| Operating Profit | $192.0M | $178.0M |
| YoY Change | 7.87% | 7.88% |
| Interest Expense | -$2.000M | -$2.000M |
| YoY Change | 0.0% | -60.0% |
| % of Operating Profit | -1.04% | -1.12% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $190.0M | $176.0M |
| YoY Change | 7.95% | 10.0% |
| Income Tax | $70.00M | $68.00M |
| % Of Pretax Income | 36.84% | 38.64% |
| Net Earnings | $119.7M | $108.0M |
| YoY Change | 10.88% | 9.08% |
| Net Earnings / Revenue | 3.73% | 3.59% |
| Basic Earnings Per Share | $1.66 | $1.47 |
| Diluted Earnings Per Share | $1.63 | $1.44 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 71.98K | 73.66K |
| Diluted Shares Outstanding | 73.30K | 74.93K |
Balance Sheet
| Concept | 2009 | 2008 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $172.9M | $37.00M |
| YoY Change | 367.3% | 170.07% |
| Cash & Equivalents | $172.9M | $37.00M |
| Short-Term Investments | $0.00 | |
| Other Short-Term Assets | $30.70M | $43.60M |
| YoY Change | -29.59% | 3.07% |
| Inventory | $676.5M | $603.4M |
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $880.1M | $684.0M |
| YoY Change | 28.67% | -1.14% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $370.2M | $362.0M |
| YoY Change | 2.27% | 8.74% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $16.00M | $19.70M |
| YoY Change | -18.78% | -13.97% |
| Total Long-Term Assets | $396.5M | $392.0M |
| YoY Change | 1.15% | 7.07% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $880.1M | $684.0M |
| Total Long-Term Assets | $396.5M | $392.0M |
| Total Assets | $1.277B | $1.076B |
| YoY Change | 18.64% | 1.7% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $261.6M | $286.8M |
| YoY Change | -8.79% | 11.03% |
| Accrued Expenses | $123.4M | $113.5M |
| YoY Change | 8.72% | -1.82% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $400.0K | $600.0K |
| YoY Change | -33.33% | -25.0% |
| Total Short-Term Liabilities | $404.2M | $400.8M |
| YoY Change | 0.85% | 5.5% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.400M | $1.800M |
| YoY Change | -22.22% | -96.86% |
| Other Long-Term Liabilities | $91.80M | $63.20M |
| YoY Change | 45.25% | 14.08% |
| Total Long-Term Liabilities | $93.20M | $65.00M |
| YoY Change | 43.38% | -42.38% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $404.2M | $400.8M |
| Total Long-Term Liabilities | $93.20M | $65.00M |
| Total Liabilities | $497.4M | $465.9M |
| YoY Change | 6.76% | -5.42% |
| 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 | $779.2M | $610.1M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.277B | $1.076B |
| YoY Change | 18.64% | 1.7% |
Cashflow Statement
| Concept | 2009 | 2008 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $119.7M | $108.0M |
| YoY Change | 10.88% | 9.08% |
| Depreciation, Depletion And Amortization | $66.30M | $60.70M |
| YoY Change | 9.23% | 18.79% |
| Cash From Operating Activities | $215.3M | $217.7M |
| YoY Change | -1.1% | 40.63% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$74.00M | -$91.80M |
| YoY Change | -19.39% | 9.94% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $100.0K | $3.300M |
| YoY Change | -96.97% | 230.0% |
| Cash From Investing Activities | -$73.90M | -$88.40M |
| YoY Change | -16.4% | 7.02% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -5.600M | -105.5M |
| YoY Change | -94.69% | 23.97% |
| NET CHANGE | ||
| Cash From Operating Activities | 215.3M | 217.7M |
| Cash From Investing Activities | -73.90M | -88.40M |
| Cash From Financing Activities | -5.600M | -105.5M |
| Net Change In Cash | 135.8M | 23.80M |
| YoY Change | 470.59% | -284.5% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $215.3M | $217.7M |
| Capital Expenditures | -$74.00M | -$91.80M |
| Free Cash Flow | $289.3M | $309.5M |
| YoY Change | -6.53% | 29.88% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2009 | us-gaap |
Net Income Loss
NetIncomeLoss
|
119745000 | |
| CY2008 | us-gaap |
Net Income Loss
NetIncomeLoss
|
107993000 | |
| CY2010 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.28 | |
| CY2009 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0 | |
| CY2008 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0 | |
| CY2008 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1470000 | |
| CY2009 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
4348000 | |
| CY2010 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
22138000 | |
| CY2008 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
-53866000 | |
| CY2009 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
-15289000 | |
| CY2010 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
-38172000 | |
| CY2010 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
72597 | |
| CY2009 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
71981 | |
| CY2008 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
73661 | |
| CY2010 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.31 | |
| CY2009 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.66 | |
| CY2008 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.47 | |
| CY2010 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
74686 | |
| CY2009 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
73297 | |
| CY2008 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
74927 | |
| CY2008 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
1680000 | |
| CY2009 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
1631000 | |
| CY2010 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
1740000 | |
| CY2008 | us-gaap |
Cumulative Effect Of Initial Adoption Of New Accounting Principle
CumulativeEffectOfInitialAdoptionOfNewAccountingPrinciple
|
15606000 | |
| CY2010 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.25 | |
| CY2009 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.63 | |
| CY2008 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.44 | |
| CY2009Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
350505000 |
