2010 Q1 Form 10-K Financial Statement
#000095012311021306 Filed on March 02, 2011
Income Statement
| Concept | 2010 Q1 | 2010 | 2009 Q4 |
|---|---|---|---|
| Revenue | $1.915B | $7.220B | $2.094B |
| YoY Change | 0.17% | -5.53% | -5.11% |
| Cost Of Revenue | $1.029B | $4.105B | $1.166B |
| YoY Change | -6.4% | 1.99% | |
| Gross Profit | $886.4M | $3.597B | $928.0M |
| YoY Change | 9.04% | 12.58% | |
| Gross Profit Margin | 46.28% | 49.82% | 44.32% |
| Selling, General & Admin | $626.7M | $2.575B | $610.1M |
| YoY Change | -1.01% | 10.23% | |
| % of Gross Profit | 70.7% | 71.59% | 65.74% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $49.50M | $173.4M | $42.00M |
| YoY Change | 0.81% | 1.76% | |
| % of Gross Profit | 5.58% | 4.82% | 4.53% |
| Operating Expenses | $626.7M | $2.575B | $610.1M |
| YoY Change | -1.01% | 10.23% | |
| Operating Profit | $137.7M | $736.8M | $317.9M |
| YoY Change | -23.39% | -21.53% | -9.49% |
| Interest Expense | -$20.30M | -$75.00M | -$20.90M |
| YoY Change | -12.12% | -10.71% | |
| % of Operating Profit | -14.74% | -10.18% | -6.57% |
| Other Income/Expense, Net | -$1.600M | $5.000M | $500.0K |
| YoY Change | -60.98% | 150.0% | |
| Pretax Income | $115.9M | $654.7M | $297.5M |
| YoY Change | -24.05% | -22.81% | |
| Income Tax | $50.90M | $177.0M | $79.40M |
| % Of Pretax Income | 43.92% | 27.04% | 26.69% |
| Net Earnings | $66.89M | $461.3M | $217.9M |
| YoY Change | -42.27% | -23.47% | -6.82% |
| Net Earnings / Revenue | 3.49% | 6.39% | 10.41% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $149.5K | $1.295M | $485.7K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2010 Q1 | 2010 | 2009 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $732.0M | $792.0M | $379.0M |
| YoY Change | 91.62% | 8.2% | |
| Cash & Equivalents | $731.5M | $792.0M | $379.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | $166.0M | $190.0M | $276.0M |
| YoY Change | -38.06% | 14.46% | |
| Inventory | $959.0M | $1.071B | $1.171B |
| Prepaid Expenses | |||
| Receivables | $776.0M | $773.0M | $1.103B |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $2.633B | $2.826B | $2.929B |
| YoY Change | -0.75% | 7.33% | |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $614.0M | $603.0M | $630.0M |
| YoY Change | -4.51% | -1.79% | |
| Goodwill | $1.368B | ||
| YoY Change | 4.1% | ||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $207.0M | ||
| YoY Change | 1.97% | ||
| Other Assets | $324.0M | $96.00M | $309.0M |
| YoY Change | -29.26% | 20.0% | |
| Total Long-Term Assets | $3.841B | $3.632B | $3.977B |
| YoY Change | 1.59% | -5.44% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.633B | $2.826B | $2.929B |
| Total Long-Term Assets | $3.841B | $3.632B | $3.977B |
| Total Assets | $6.474B | $6.458B | $6.906B |
| YoY Change | 0.62% | -0.25% | |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $373.0M | $511.0M | $362.0M |
| YoY Change | -14.25% | 37.0% | |
| Accrued Expenses | $474.0M | $542.0M | $538.0M |
| YoY Change | -8.85% | 24.03% | |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $45.00M | $37.00M | $252.0M |
| YoY Change | -16.67% | -17.78% | |
| Long-Term Debt Due | $203.0M | $3.000M | $203.0M |
| YoY Change | 6666.67% | -98.52% | |
| Total Short-Term Liabilities | $1.096B | $1.109B | $1.355B |
| YoY Change | 8.3% | 1.19% | |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $938.0M | $936.0M | $939.0M |
| YoY Change | -17.86% | -0.21% | |
| Other Long-Term Liabilities | $626.0M | $543.0M | $754.0M |
| YoY Change | -13.42% | -1.81% | |
| Total Long-Term Liabilities | $1.564B | $1.479B | $1.693B |
| YoY Change | -16.14% | -0.8% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.096B | $1.109B | $1.355B |
| Total Long-Term Liabilities | $1.564B | $1.479B | $1.693B |
| Total Liabilities | $2.659B | $2.596B | $3.049B |
| YoY Change | -7.61% | -2.37% | |
| 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 | $3.815B | $3.861B | $3.857B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $6.474B | $6.458B | $6.906B |
| YoY Change | 0.62% | -0.25% |
Cashflow Statement
| Concept | 2010 Q1 | 2010 | 2009 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $66.89M | $461.3M | $217.9M |
| YoY Change | -42.27% | -23.47% | -6.82% |
| Depreciation, Depletion And Amortization | $49.50M | $173.4M | $42.00M |
| YoY Change | 0.81% | 1.76% | |
| Cash From Operating Activities | $709.6M | $1.001B | $179.2M |
| YoY Change | 14.53% | 2.86% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$28.50M | -$125.3M | -$23.80M |
| YoY Change | -27.11% | 31.07% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$18.30M | -$55.20M | $200.0K |
| YoY Change | -432.73% | -75.06% | |
| Cash From Investing Activities | -$46.80M | -$180.5M | -$23.60M |
| YoY Change | 39.29% | -43.04% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -317.0M | -742.8M | -163.9M |
| YoY Change | -23.34% | 132.63% | |
| NET CHANGE | |||
| Cash From Operating Activities | 709.6M | 1.001B | 179.2M |
| Cash From Investing Activities | -46.80M | -180.5M | -23.60M |
| Cash From Financing Activities | -317.0M | -742.8M | -163.9M |
| Net Change In Cash | 345.8M | 78.00M | -8.300M |
| YoY Change | 100.46% | -76.88% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $709.6M | $1.001B | $179.2M |
| Capital Expenditures | -$28.50M | -$125.3M | -$23.80M |
| Free Cash Flow | $738.1M | $1.127B | $203.0M |
| YoY Change | 12.05% | 5.38% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2010Q1 | us-gaap |
Goodwill
Goodwill
|
1367680000 | |
| CY2009 | us-gaap |
Goodwill Allocation Adjustment
GoodwillAllocationAdjustment
|
40789000 | |
| CY2009 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
848091000 | |
| CY2010 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
654673000 | |
| us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.36 | ||
| CY2009 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
5.52 | |
| CY2008Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.96 | |
| CY2008Q4 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
2.14 | |
| CY2009Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.06 | |
| CY2011 | us-gaap |
Defined Benefit Plan Target Allocation Percentage Of Assets Other Range Minimum
DefinedBenefitPlanTargetAllocationPercentageOfAssetsOtherRangeMinimum
|
0 | |
| CY2007Q4 | us-gaap |
Goodwill
Goodwill
|
1278163000 | |
| CY2009Q1 | us-gaap |
Goodwill
Goodwill
|
1313798000 | |
| us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.58 | ||
| CY2009 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
2.33 | |
| CY2008Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.58 | |
| CY2008Q4 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.58 | |
| CY2009Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.59 | |
| CY2009Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.59 | |
| CY2010 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
2.37 | |
| CY2009Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.59 | |
| CY2009Q4 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.59 | |
| CY2010Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.60 | |
| CY2010Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.60 | |
| CY2011 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
2.43 | |
| CY2010Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.60 | |
| CY2010Q4 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.60 | |
| CY2011Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.63 | |
| CY2011 | us-gaap |
Defined Benefit Plan Target Allocation Percentage Of Assets Other Range Maximum
DefinedBenefitPlanTargetAllocationPercentageOfAssetsOtherRangeMaximum
|
0.1 | |
| CY2009Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.92 | |
| CY2010 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
4.18 | |
| CY2009Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.69 | |
| CY2009Q4 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.97 | |
| CY2010Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.61 | |
| CY2010Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.48 | |
| CY2011 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
5.25 | |
| CY2010Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.02 | |
| CY2010Q4 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
2.25 | |
| CY2011Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.50 | |
| us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.33 | ||
| CY2009 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
5.42 | |
| CY2011 | us-gaap |
Net Income Loss
NetIncomeLoss
|
571362000 | |
| CY2010Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
110835000 | |
| CY2010Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
223260000 | |
| CY2011 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
820860000 | |
| CY2010Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
169524000 | |
| CY2010Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
354545000 | |
| CY2011Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
73531000 | |
| us-gaap |
Revenues
Revenues
|
1846341000 | ||
| CY2010Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
242787000 | |
| CY2009 | us-gaap |
Revenues
Revenues
|
7642600000 | |
| CY2008Q3 | us-gaap |
Revenues
Revenues
|
1677482000 | |
| CY2008Q4 | us-gaap |
Revenues
Revenues
|
2206627000 | |
| CY2009Q1 | us-gaap |
Revenues
Revenues
|
1912150000 | |
| CY2009Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.91 | |
| CY2009Q2 | us-gaap |
Revenues
Revenues
|
1725474000 | |
| CY2011Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
54224000 | |
| CY2010 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
4.13 | |
| CY2010 | us-gaap |
Revenues
Revenues
|
7220286000 | |
| CY2009Q3 | us-gaap |
Revenues
Revenues
|
1485637000 | |
| CY2009Q4 | us-gaap |
Revenues
Revenues
|
2093806000 | |
| CY2009Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.68 | |
| CY2010Q1 | us-gaap |
Revenues
Revenues
|
1915369000 | |
| CY2009Q4 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.94 | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
244125000 | ||
| CY2010Q2 | us-gaap |
Revenues
Revenues
|
1749879000 | |
| CY2010Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.60 | |
| CY2010Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.46 | |
| CY2011 | us-gaap |
Revenues
Revenues
|
7702589000 | |
| CY2011 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
5.18 | |
| CY2010Q3 | us-gaap |
Revenues
Revenues
|
1594104000 | |
| CY2010Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.00 | |
| CY2010Q4 | us-gaap |
Revenues
Revenues
|
2232367000 | |
| CY2011Q1 | us-gaap |
Revenues
Revenues
|
2126239000 | |
| CY2009 | us-gaap |
Segment Reporting Income Before Income Taxes Extraordinary Items Discontinued Operations And Cumulative Effect
SegmentReportingIncomeBeforeIncomeTaxesExtraordinaryItemsDiscontinuedOperationsAndCumulativeEffect
|
1055653000 | |
| CY2010Q4 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
2.22 | |
| CY2011Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.49 | |
| CY2010 | us-gaap |
Segment Reporting Income Before Income Taxes Extraordinary Items Discontinued Operations And Cumulative Effect
SegmentReportingIncomeBeforeIncomeTaxesExtraordinaryItemsDiscontinuedOperationsAndCumulativeEffect
|
1055295000 | |
| CY2009 | us-gaap |
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated Amount
SegmentReportingReconcilingItemForOperatingProfitLossFromSegmentToConsolidatedAmount
|
-119627000 | |
| CY2009 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-87935000 | |
| CY2010 | us-gaap |
Segment Reporting Reconciling Item For Operating Profit Loss From Segment To Consolidated Amount
SegmentReportingReconcilingItemForOperatingProfitLossFromSegmentToConsolidatedAmount
|
-194997000 | |
| CY2010 | vfc |
Impairment Of Goodwill And Intangible Assets
ImpairmentOfGoodwillAndIntangibleAssets
|
121953000 | |
| CY2009 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
938995000 | |
| CY2011 | vfc |
Impairment Of Goodwill And Intangible Assets
ImpairmentOfGoodwillAndIntangibleAssets
|
201738000 | |
| CY2010 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-83672000 | |
| CY2008Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
163856000 | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
149032000 | ||
| CY2010Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
163516000 | |
| CY2009 | us-gaap |
Net Income Loss
NetIncomeLoss
|
602748000 | |
| CY2008Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
103978000 | |
| CY2008Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
233875000 | |
| CY2009Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
115863000 | |
| CY2009Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
100939000 | |
| CY2010 | us-gaap |
Net Income Loss
NetIncomeLoss
|
461271000 | |
| CY2009Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
75527000 | |
| CY2009Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
217920000 | |
| CY2008Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.94 | |
| CY2010Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
66885000 | |
| CY2008Q4 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
2.10 | |
| CY2009Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.05 | |
| CY2010Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
137740000 | |
| CY2008Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
351211000 | |
| CY2009Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
179803000 | |
| CY2009Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
161448000 | |
| CY2010 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
736817000 | |
| CY2009Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
119738000 | |
| CY2009Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
317891000 |
