2012 Q4 Form 10-K Financial Statement

#000119312513071069 Filed on February 22, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 2011 Q4
Revenue $20.29B
YoY Change 60.52%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $821.0M
YoY Change 8.31%
% of Gross Profit
Depreciation & Amortization $141.0M $561.0M $144.0M
YoY Change -2.08% -0.71%
% of Gross Profit
Operating Expenses $821.0M
YoY Change 8.31%
Operating Profit
YoY Change
Interest Expense $2.138B
YoY Change -15.02%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.927B $7.726B $1.855B
YoY Change 3.88% 16.55% 45.95%
Income Tax $552.0M $2.236B $527.0M
% Of Pretax Income 28.65% 28.94% 28.41%
Net Earnings $1.420B $5.647B $1.350B
YoY Change 5.19% 15.91% 38.6%
Net Earnings / Revenue 27.83%
Basic Earnings Per Share $2.85
Diluted Earnings Per Share $755.3K $2.84 $706.4K
COMMON SHARES
Basic Shares Outstanding 1.880B shares 1.887B shares
Diluted Shares Outstanding 1.896B shares

Balance Sheet

Concept 2012 Q4 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $8.252B $13.96B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.670B $2.670B $2.657B
YoY Change 0.49% 0.49% 6.84%
Goodwill $9.143B $8.927B
YoY Change 2.42% -0.3%
Intangibles $2.706B $2.736B
YoY Change -1.1%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $353.9B $353.9B $340.1B
YoY Change 4.04% 4.04% 10.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $26.30B $26.30B $30.47B
YoY Change -13.67% -13.67% -6.42%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.30B $26.30B $30.47B
YoY Change -13.67% -13.67% -6.42%
LONG-TERM LIABILITIES
Long-Term Debt $25.52B $25.52B $31.95B
YoY Change -20.15% -20.15% 1.32%
Other Long-Term Liabilities $12.59B $12.59B $11.85B
YoY Change 6.26% 6.26% 29.91%
Total Long-Term Liabilities $38.10B $38.10B $43.80B
YoY Change -13.0% -13.0% 7.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.30B $26.30B $30.47B
Total Long-Term Liabilities $38.10B $38.10B $43.80B
Total Liabilities $313.6B $314.9B $305.2B
YoY Change 2.76% 2.85% 9.66%
SHAREHOLDERS EQUITY
Retained Earnings $34.72B $30.79B
YoY Change 12.78%
Common Stock $8.222B $8.259B
YoY Change -0.45%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.790B $6.472B
YoY Change 20.36%
Treasury Stock Shares 256.3M shares 215.9M shares
Shareholders Equity $39.00B $39.00B $33.98B
YoY Change
Total Liabilities & Shareholders Equity $353.9B $353.9B $340.1B
YoY Change 4.04% 4.04% 10.51%

Cashflow Statement

Concept 2012 Q4 2012 2011 Q4
OPERATING ACTIVITIES
Net Income $1.420B $5.647B $1.350B
YoY Change 5.19% 15.91% 38.6%
Depreciation, Depletion And Amortization $141.0M $561.0M $144.0M
YoY Change -2.08% -0.71%
Cash From Operating Activities $4.083B $7.958B $1.065B
YoY Change 283.38% -18.96% -56.26%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions -$94.00M
YoY Change -85.22%
Other Investing Activities -$6.990B $1.261B -$8.515B
YoY Change -17.91% 17.85% -1.64%
Cash From Investing Activities -$6.990B -$20.25B -$8.515B
YoY Change -17.91% -38.07% -1.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.461B
YoY Change 337.43%
Debt Paid & Issued, Net $11.42B
YoY Change 245.91%
Cash From Financing Activities 1.777B 6.585B 7.704B
YoY Change -76.93% -70.55% -52.56%
NET CHANGE
Cash From Operating Activities 4.083B 7.958B 1.065B
Cash From Investing Activities -6.990B -20.25B -8.515B
Cash From Financing Activities 1.777B 6.585B 7.704B
Net Change In Cash -1.130B -5.710B 254.0M
YoY Change -544.88% 987.62% -97.46%
FREE CASH FLOW
Cash From Operating Activities $4.083B $7.958B $1.065B
Capital Expenditures
Free Cash Flow
YoY Change

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CY2012 usb Other Comprehensive Income Reclassification For Realized Losses Gains Adjustment Net Of Tax Period
OtherComprehensiveIncomeReclassificationForRealizedLossesGainsAdjustmentNetOfTaxPeriod
232000000
CY2012 usb Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Realized Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsRealizedLosses
39000000
CY2012 usb Other Than Temporary Impairment On Debt Securities Net
OtherThanTemporaryImpairmentOnDebtSecuritiesNet
47000000
CY2012 usb Outstanding Balance Of Loans Where Trial Period Was Unsuccessful And No Longer Eligible For Permanent Modification
OutstandingBalanceOfLoansWhereTrialPeriodWasUnsuccessfulAndNoLongerEligibleForPermanentModification
121000000
CY2012 usb Pay Downs Pay Offs
PayDownsPayOffs
1610000000
CY2012 usb Period For Capturing Full Economic Cycle In Evaluation
PeriodForCapturingFullEconomicCycleInEvaluation
P12Y
CY2012 usb Plan Assets Of Qualified Pension Plans That Have Asset Management Arrangements With Related Parties
PlanAssetsOfQualifiedPensionPlansThatHaveAssetManagementArrangementsWithRelatedParties
168000000
CY2012 usb Realized Federal And State Income Tax Credits On Investments
RealizedFederalAndStateIncomeTaxCreditsOnInvestments
883000000
CY2012 usb Reductions To Nonperforming Assets
ReductionsToNonperformingAssets
3483000000
CY2012 usb Return To Performing Status
ReturnToPerformingStatus
216000000
CY2012 usb Rights Capitalized
RightsCapitalized
957000000
CY2012 usb Settlement Amount By Company In Exchange For Release Of Claims
SettlementAmountByCompanyInExchangeForReleaseOfClaims
55000000
CY2012 usb Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Estimated Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsEstimatedFairValue
10.19
CY2012 usb Tax Rate On Interest
TaxRateOnInterest
0.35 pure
CY2012 usb Vesting Service Period For Defined Benefit Pension Plan
VestingServicePeriodForDefinedBenefitPensionPlan
3 Y
CY2012 usb Financing Receivable Modifications Pre Modification Outstanding Loan Balance
FinancingReceivableModificationsPreModificationOutstandingLoanBalance
3515000000
CY2012 usb Financing Receivable Modifications Post Modification Outstanding Loan Balance
FinancingReceivableModificationsPostModificationOutstandingLoanBalance
3394000000
CY2012 usb Available For Sale And Held To Maturity Unrealized Losses On Residential Non Agency Mortgage Backed Securities
AvailableForSaleAndHeldToMaturityUnrealizedLossesOnResidentialNonAgencyMortgageBackedSecurities
41000000
CY2012 usb Other Comprehensive Income Other Than Temporary Impairment Not Recognized In Earnings On Securities Available For Sale Arising During Period Before Tax
OtherComprehensiveIncomeOtherThanTemporaryImpairmentNotRecognizedInEarningsOnSecuritiesAvailableForSaleArisingDuringPeriodBeforeTax
-12000000
CY2012 usb Available For Sale Securities Weighted Average Yield As Of Balance Sheet Date
AvailableForSaleSecuritiesWeightedAverageYieldAsOfBalanceSheetDate
0.0293 pure
CY2012 usb Financing Receivable Allowance For Credit Losses Other Changes
FinancingReceivableAllowanceForCreditLossesOtherChanges
33000000
CY2012 usb Loan Servicing Fees Included In Mortgage Banking Revenue
LoanServicingFeesIncludedInMortgageBankingRevenue
720000000
CY2012 usb Other Comprehensive Income Amortization Of Unrealized Gains On Securities Transferred From Available For Sale To Held To Maturity Tax Effect
OtherComprehensiveIncomeAmortizationOfUnrealizedGainsOnSecuritiesTransferredFromAvailableForSaleToHeldToMaturityTaxEffect
66000000
CY2012 usb Other Comprehensive Income Amortization Of Unrealized Gains On Securities Transferred From Available For Sale To Held To Maturity Net Of Tax
OtherComprehensiveIncomeAmortizationOfUnrealizedGainsOnSecuritiesTransferredFromAvailableForSaleToHeldToMaturityNetOfTax
107000000
CY2012 usb Accumulated Other Comprehensive Income Change In Unrealized Gains On Securities Transferred From Available For Sale To Held To Maturity Net Of Tax
AccumulatedOtherComprehensiveIncomeChangeInUnrealizedGainsOnSecuritiesTransferredFromAvailableForSaleToHeldToMaturityNetOfTax
107000000
CY2012 usb Other Comprehensive Income Reclassification To Earnings Of Realized Gains And Losses Before Tax
OtherComprehensiveIncomeReclassificationToEarningsOfRealizedGainsAndLossesBeforeTax
376000000
CY2012 usb Servicing Asset At Fair Value Changes In Fair Value Resulting From Fluctuations In Market Interest Rates
ServicingAssetAtFairValueChangesInFairValueResultingFromFluctuationsInMarketInterestRates
-249000000
CY2012 usb Employee Retirement Savings Plan Matching Expenses
EmployeeRetirementSavingsPlanMatchingExpenses
111000000
CY2012 usb Amortization Of Unrealized Gains On Securities Transferred From Available For Sale To Held To Maturity
AmortizationOfUnrealizedGainsOnSecuritiesTransferredFromAvailableForSaleToHeldToMaturity
51000000
CY2012 usb Period Of Accruing Loans Excluded From Nonperforming Assets And Related Ratios
PeriodOfAccruingLoansExcludedFromNonperformingAssetsAndRelatedRatios
P90D
CY2012 usb Maximum Restructuring Period Under Credit Card Loan Financial Difficulty Modifications
MaximumRestructuringPeriodUnderCreditCardLoanFinancialDifficultyModifications
60 M
CY2012 usb Maximum Restructuring Period Under Credit Card Loan Temporary Financial Hardship Modifications
MaximumRestructuringPeriodUnderCreditCardLoanTemporaryFinancialHardshipModifications
Up to 12 months
CY2012 usb Non Cash Transfer Of Investment Securities Available For Sale To Held To Maturity
NonCashTransferOfInvestmentSecuritiesAvailableForSaleToHeldToMaturity
11705000000
CY2012 usb Other Comprehensive Income Loss Net Of Tax Transactions
OtherComprehensiveIncomeLossNetOfTaxTransactions
277000000
CY2012 usb Qualified Employees Maximum Contribution To Defined Contribution Savings Plan Allowed In Percentage Of Annual Compensation
QualifiedEmployeesMaximumContributionToDefinedContributionSavingsPlanAllowedInPercentageOfAnnualCompensation
0.75 pure

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