2010 Q2 Form 10-Q Financial Statement
#000119312510172130 Filed on July 30, 2010
Income Statement
| Concept | 2010 Q2 | 2009 Q4 | 2009 Q2 |
|---|---|---|---|
| Revenue | $1.037B | $1.159B | $1.101B |
| YoY Change | -5.83% | -9.45% | -17.82% |
| Cost Of Revenue | $749.0M | $818.5M | $840.6M |
| YoY Change | -10.9% | -21.43% | -18.88% |
| Gross Profit | $288.0M | $340.1M | $260.6M |
| YoY Change | 10.51% | 43.08% | -14.22% |
| Gross Profit Margin | 27.77% | 29.35% | 23.67% |
| Selling, General & Admin | $160.4M | $180.9M | $167.8M |
| YoY Change | -4.41% | -29.09% | -33.15% |
| % of Gross Profit | 55.69% | 53.19% | 64.39% |
| Research & Development | $21.10M | $25.10M | $25.10M |
| YoY Change | -15.94% | -17.43% | -16.89% |
| % of Gross Profit | 7.33% | 7.38% | 9.63% |
| Depreciation & Amortization | $62.50M | $96.60M | $90.10M |
| YoY Change | -30.63% | -20.56% | -8.9% |
| % of Gross Profit | 21.7% | 28.4% | 34.57% |
| Operating Expenses | $181.5M | $206.0M | $192.9M |
| YoY Change | -5.91% | -27.85% | -31.4% |
| Operating Profit | $106.5M | $134.1M | $67.70M |
| YoY Change | 57.31% | -380.54% | 199.56% |
| Interest Expense | $25.30M | -$26.80M | $21.20M |
| YoY Change | 19.34% | 28.85% | -200.0% |
| % of Operating Profit | 23.76% | -19.99% | 31.31% |
| Other Income/Expense, Net | -$7.500M | -$9.300M | $3.000M |
| YoY Change | -350.0% | -20.51% | -146.88% |
| Pretax Income | $73.70M | $98.00M | $49.50M |
| YoY Change | 48.89% | -222.04% | -1090.0% |
| Income Tax | $13.30M | -$12.60M | $13.50M |
| % Of Pretax Income | 18.05% | -12.86% | 27.27% |
| Net Earnings | $120.2M | $114.5M | $38.10M |
| YoY Change | 215.49% | -297.41% | -372.14% |
| Net Earnings / Revenue | 11.59% | 9.88% | 3.46% |
| Basic Earnings Per Share | $2.82 | $1.03 | |
| Diluted Earnings Per Share | $2.77 | $2.644M | $1.02 |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2010 Q2 | 2009 Q4 | 2009 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $497.0M | $648.0M | $475.0M |
| YoY Change | 4.63% | 19.12% | 0.85% |
| Cash & Equivalents | $497.0M | $647.6M | $475.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | $154.0M | $258.0M | $149.0M |
| YoY Change | 3.36% | 82.98% | -14.37% |
| Inventory | $91.00M | $101.0M | $122.0M |
| Prepaid Expenses | $139.2M | ||
| Receivables | $786.0M | $767.0M | $740.0M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $1.527B | $1.773B | $1.486B |
| YoY Change | 2.76% | 8.27% | -17.49% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $402.0M | $225.7M | $561.0M |
| YoY Change | -28.34% | -61.81% | -19.51% |
| Goodwill | $198.5M | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $447.0M | $213.5M | $302.0M |
| YoY Change | 48.01% | 5.17% | -62.2% |
| Total Long-Term Assets | $1.187B | $1.184B | $1.240B |
| YoY Change | -4.27% | -0.21% | -36.51% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.527B | $1.773B | $1.486B |
| Total Long-Term Assets | $1.187B | $1.184B | $1.240B |
| Total Assets | $2.714B | $2.957B | $2.726B |
| YoY Change | -0.44% | 4.71% | -27.38% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $265.0M | $292.2M | $311.0M |
| YoY Change | -14.79% | -22.9% | -16.62% |
| Accrued Expenses | $435.0M | $566.0M | $945.0M |
| YoY Change | -53.97% | -45.89% | -18.67% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $1.000M | $65.80M | $96.00M |
| YoY Change | -98.96% | 3190.0% | 3100.0% |
| Total Short-Term Liabilities | $1.161B | $1.450B | $1.352B |
| YoY Change | -14.13% | 1.7% | -12.15% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $836.0M | $845.9M | $965.0M |
| YoY Change | -13.37% | -20.12% | -8.96% |
| Other Long-Term Liabilities | $1.798B | $142.7M | $1.753B |
| YoY Change | 2.57% | -91.9% | 129.15% |
| Total Long-Term Liabilities | $2.634B | $988.6M | $2.718B |
| YoY Change | -3.09% | -64.96% | 48.93% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.161B | $1.450B | $1.352B |
| Total Long-Term Liabilities | $2.634B | $988.6M | $2.718B |
| Total Liabilities | $3.795B | $2.439B | $4.097B |
| YoY Change | -7.37% | -42.85% | 21.79% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$2.407B | ||
| YoY Change | |||
| Common Stock | $4.197B | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $45.90M | $45.00M | |
| YoY Change | |||
| Treasury Stock Shares | $200.0K | ||
| Shareholders Equity | -$1.081B | -$1.268B | -$1.371B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $2.714B | $2.957B | $2.726B |
| YoY Change | -0.44% | 4.71% | -27.38% |
Cashflow Statement
| Concept | 2010 Q2 | 2009 Q4 | 2009 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $120.2M | $114.5M | $38.10M |
| YoY Change | 215.49% | -297.41% | -372.14% |
| Depreciation, Depletion And Amortization | $62.50M | $96.60M | $90.10M |
| YoY Change | -30.63% | -20.56% | -8.9% |
| Cash From Operating Activities | $51.60M | $215.0M | $48.40M |
| YoY Change | 6.61% | 55.57% | -6.2% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$47.70M | -$52.10M | -$53.50M |
| YoY Change | -10.84% | -35.04% | -24.86% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $45.70M | $12.50M | -$10.80M |
| YoY Change | -523.15% | -47.03% | 535.29% |
| Cash From Investing Activities | -$2.000M | -$39.60M | -$64.30M |
| YoY Change | -96.89% | -30.04% | -11.8% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -14.80M | -700.0K | -800.0K |
| YoY Change | 1750.0% | ||
| NET CHANGE | |||
| Cash From Operating Activities | 51.60M | 215.0M | 48.40M |
| Cash From Investing Activities | -2.000M | -39.60M | -64.30M |
| Cash From Financing Activities | -14.80M | -700.0K | -800.0K |
| Net Change In Cash | 34.80M | 174.7M | -16.70M |
| YoY Change | -308.38% | 114.09% | -21.6% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $51.60M | $215.0M | $48.40M |
| Capital Expenditures | -$47.70M | -$52.10M | -$53.50M |
| Free Cash Flow | $99.30M | $267.1M | $101.9M |
| YoY Change | -2.55% | 22.3% | -17.02% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2009Q4 | us-gaap |
Common Stock Value
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|
400000 | |
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Cost Of Revenue
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1698800000 | ||
| CY2009Q2 | us-gaap |
Cost Of Revenue
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840600000 | |
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Cost Of Services
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1572500000 | ||
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Cost Of Services
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786100000 | |
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Cost Of Services Licenses And Maintenance Agreements
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126300000 | ||
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Cost Of Services Licenses And Maintenance Agreements
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54500000 | |
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Accounts Payable Current
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300400000 | |
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Additional Paid In Capital Common Stock
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Assets
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2956900000 | |
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Common Stock Shares Issued
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Treasury Stock Value
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45900000 | |
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Costs And Expenses
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2091200000 | ||
| CY2009Q2 | us-gaap |
Costs And Expenses
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|
1033500000 | |
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Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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|
8800000 | ||
| CY2009Q4 | us-gaap |
Deferred Revenue Noncurrent
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|
176300000 | |
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Deferred Tax Assets Net Noncurrent
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180600000 | |
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Earnings Per Share Basic
EarningsPerShareBasic
|
0.37 | ||
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Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
4900000 | ||
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Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
4800000 | ||
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Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
9700000 | ||
| CY2009Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.91 | |
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Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.13 | ||
| CY2009Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.9 | |
| CY2009Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
213600000 | |
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Other Liabilities Current
OtherLiabilitiesCurrent
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567100000 | |
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Other Liabilities Noncurrent
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142700000 | |
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Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-3700000 | ||
| CY2009Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3000000 | |
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Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
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1640600000 | |
| CY2009Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
4600000 | |
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Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.24 | ||
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Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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0.12 | |
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Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.24 | ||
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Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.12 | |
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
26300000 | ||
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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13500000 | |
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Interest Expense
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43000000 | ||
| CY2009Q2 | us-gaap |
Interest Expense
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|
21200000 | |
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Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2956900000 | |
| CY2009Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1423100000 | |
| CY2009Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
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39200000 | |
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License And Maintenance Revenue
LicenseAndMaintenanceRevenue
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214800000 | ||
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License And Maintenance Revenue
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Long Term Debt Current
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65800000 | |
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Long Term Debt Noncurrent
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845900000 | |
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Minority Interest
MinorityInterest
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-3400000 | |
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Net Income Loss
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13700000 | ||
| CY2009Q2 | us-gaap |
Net Income Loss
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38100000 | |
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Operating Income Loss
OperatingIncomeLoss
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82700000 | ||
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Operating Income Loss
OperatingIncomeLoss
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67700000 | |
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Research And Development Expense
ResearchAndDevelopmentExpense
|
52500000 | ||
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Research And Development Expense
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25100000 | |
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Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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Revenues
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2173900000 | ||
| CY2009Q2 | us-gaap |
Revenues
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1101200000 | |
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Sales Revenue Services Net
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1959100000 | ||
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Sales Revenue Services Net
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Selling General And Administrative Expense
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339900000 | ||
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Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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167800000 | |
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Stockholders Equity
StockholdersEquity
|
-1268300000 | |
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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-1271700000 | |
| CY2009Q4 | us-gaap |
Treasury Stock Shares
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200000 | |
| CY2009Q4 | us-gaap |
Treasury Stock Value
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45000000 | |
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Deferred Revenue Current
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450600000 | |
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Earnings Per Share Basic
EarningsPerShareBasic
|
1.03 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.37 | ||
| CY2009Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.02 | |
| CY2009Q4 | us-gaap |
Goodwill
Goodwill
|
198500000 | |
| CY2009Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
33500000 | |
| CY2009Q2 | us-gaap |
Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
2500000 | |
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
36000000 | ||
| CY2009Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
49500000 | |
| CY2009Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
36000000 | |
| us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.13 |
