2011 Q3 Form 10-Q Financial Statement
#000119312511300061 Filed on November 07, 2011
Income Statement
| Concept | 2011 Q3 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| Revenue | $171.6M | ||
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | |||
| YoY Change | |||
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $7.300M | $5.100M | $6.400M |
| YoY Change | 14.06% | -23.88% | 30.61% |
| % of Gross Profit | |||
| Operating Expenses | |||
| YoY Change | |||
| Operating Profit | |||
| YoY Change | |||
| Interest Expense | $49.70M | ||
| YoY Change | |||
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $48.56M | $53.50M | $46.80M |
| YoY Change | 3.76% | 14.32% | 2.86% |
| Income Tax | $13.49M | $15.30M | $14.20M |
| % Of Pretax Income | 27.78% | 28.6% | 30.34% |
| Net Earnings | $35.07M | $38.20M | $32.60M |
| YoY Change | 7.58% | 19.0% | 3.16% |
| Net Earnings / Revenue | 20.43% | ||
| Basic Earnings Per Share | $0.20 | $0.19 | |
| Diluted Earnings Per Share | $0.20 | $214.7K | $0.19 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 178.5M shares | 169.2M | |
| Diluted Shares Outstanding | 178.5M shares | 169.2M |
Balance Sheet
| Concept | 2011 Q3 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | |||
| YoY Change | |||
| Cash & Equivalents | $395.2M | $366.3M | |
| 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 | $265.0M | $266.0M | $266.0M |
| YoY Change | -0.38% | 0.0% | -0.75% |
| Goodwill | $318.0M | $317.9M | |
| YoY Change | 7.24% | ||
| Intangibles | |||
| YoY Change | |||
| 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 | $14.23B | $14.14B | $14.09B |
| YoY Change | 1.02% | -0.98% | -1.01% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | |||
| YoY Change | |||
| Accrued Expenses | $163.0M | $166.0M | $134.0M |
| YoY Change | 21.64% | 24.81% | -15.19% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $223.0M | $192.0M | $331.0M |
| YoY Change | -32.63% | -11.11% | 66.33% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $163.0M | $166.0M | $134.0M |
| YoY Change | 21.64% | 24.81% | -15.19% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $2.912B | $3.121B | $3.070B |
| YoY Change | -5.15% | -0.19% | -2.32% |
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $2.912B | $3.121B | $3.070B |
| YoY Change | -5.15% | -0.19% | -2.32% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $163.0M | $166.0M | $134.0M |
| Total Long-Term Liabilities | $2.912B | $3.121B | $3.070B |
| Total Liabilities | $12.92B | $12.85B | $12.81B |
| YoY Change | 0.89% | -1.4% | -1.07% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $96.10M | $79.80M | |
| YoY Change | 8.44% | ||
| Common Stock | $1.238B | $1.235B | |
| YoY Change | 0.17% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $2.817M | $14.25M | |
| YoY Change | -58.36% | ||
| Treasury Stock Shares | |||
| Shareholders Equity | $1.307B | $1.285B | $1.278B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $14.23B | $14.14B | $14.09B |
| YoY Change | 1.02% | -0.98% | -1.01% |
Cashflow Statement
| Concept | 2011 Q3 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $35.07M | $38.20M | $32.60M |
| YoY Change | 7.58% | 19.0% | 3.16% |
| Depreciation, Depletion And Amortization | $7.300M | $5.100M | $6.400M |
| YoY Change | 14.06% | -23.88% | 30.61% |
| Cash From Operating Activities | $54.00M | $135.7M | -$16.10M |
| YoY Change | -435.4% | 22516.67% | -133.61% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$4.400M | -$3.800M | -$5.700M |
| YoY Change | -22.81% | 111.11% | 35.71% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$119.3M | -$4.800M | -$21.60M |
| YoY Change | 452.31% | -105.29% | -120.38% |
| Cash From Investing Activities | -$123.7M | -$8.600M | -$27.20M |
| YoY Change | 354.78% | -109.67% | -126.72% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -61.70M | -21.70M | -41.80M |
| YoY Change | 47.61% | -154.25% | -206.63% |
| NET CHANGE | |||
| Cash From Operating Activities | 54.00M | 135.7M | -16.10M |
| Cash From Investing Activities | -123.7M | -8.600M | -27.20M |
| Cash From Financing Activities | -61.70M | -21.70M | -41.80M |
| Net Change In Cash | -131.4M | 105.4M | -85.10M |
| YoY Change | 54.41% | -18.61% | -145.05% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $54.00M | $135.7M | -$16.10M |
| Capital Expenditures | -$4.400M | -$3.800M | -$5.700M |
| Free Cash Flow | $58.40M | $139.5M | -$10.40M |
| YoY Change | -661.54% | 5712.5% | -119.96% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
59919000 | |
| CY2011Q3 | vly |
Weighted Average Remaining Expected Life Of Residential Mortgage Backed Securities Held To Maturity
WeightedAverageRemainingExpectedLifeOfResidentialMortgageBackedSecuritiesHeldToMaturity
|
6.0 | |
| CY2010Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-5719000 | |
| CY2011Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-23802000 | |
| CY2010Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
1178325000 | |
| CY2011Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
1177701000 | |
| us-gaap |
Allowance For Loan And Lease Losses Provision For Loss Net
AllowanceForLoanAndLeaseLossesProvisionForLossNet
|
37432000 | ||
| CY2011Q3 | us-gaap |
Allowance For Loan And Lease Losses Provision For Loss Net
AllowanceForLoanAndLeaseLossesProvisionForLossNet
|
7711000 | |
| us-gaap |
Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
|
30577000 | ||
| CY2011Q3 | us-gaap |
Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
|
12056000 | |
| us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.52 | ||
| CY2010Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.17 | |
| us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.52 | ||
| CY2011Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.17 | |
| CY2010Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
57041000 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.55 | ||
| CY2010Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.19 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.64 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
169008779 | ||
| CY2010Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
169178469 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
169846010 | ||
| CY2011Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
170007983 | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
169007369 | ||
| CY2011Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.21 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.55 | ||
| CY2010Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.19 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.64 | ||
| CY2011Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.21 | |
| CY2010Q4 | us-gaap |
Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
|
2487000 | |
| CY2011Q3 | us-gaap |
Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
|
3852000 | |
| CY2010Q4 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
105055000 | |
| CY2011Q3 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
107685000 | |
| CY2010Q4 | us-gaap |
Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
|
166081000 | |
| CY2011Q3 | us-gaap |
Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
|
165635000 | |
| CY2010Q4 | us-gaap |
Goodwill
Goodwill
|
317891000 | |
| CY2011Q3 | us-gaap |
Goodwill
Goodwill
|
317962000 | |
| us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
71000 | ||
| CY2010Q4 | us-gaap |
Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
|
124704000 | |
| CY2011Q2 | us-gaap |
Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
|
138626000 | |
| CY2010Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
| CY2011Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
| CY2010Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
79803000 | |
| CY2011Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
96101000 | |
| CY2010Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
14245000 | |
| CY2011Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
2817000 | |
| CY2010Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
169177275 | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
169841859 | ||
| CY2011Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
170007399 | |
| vly |
Allowance For Loan And Lease Losses Net Charge Off
AllowanceForLoanAndLeaseLossesNetChargeOff
|
26774000 | ||
| CY2011Q3 | vly |
Allowance For Loan And Lease Losses Net Charge Off
AllowanceForLoanAndLeaseLossesNetChargeOff
|
10975000 | |
| vly |
Fdic Receivable Accretion
FdicReceivableAccretion
|
-437000 | ||
| CY2010Q4 | vly |
Financing Receivable Recorded Investment Thirty To Eighty Nine Days Past Due
FinancingReceivableRecordedInvestmentThirtyToEightyNineDaysPastDue
|
58539000 | |
| CY2011Q3 | vly |
Financing Receivable Recorded Investment Thirty To Eighty Nine Days Past Due
FinancingReceivableRecordedInvestmentThirtyToEightyNineDaysPastDue
|
54098000 | |
| vly |
Increase Due To Impairment On Covered Loans
IncreaseDueToImpairmentOnCoveredLoans
|
16932000 | ||
| vly |
Other Reimbursable Expenses From Fdic
OtherReimbursableExpensesFromFdic
|
2787000 | ||
| vly |
Prospective Adjustment For Additional Cash Flows
ProspectiveAdjustmentForAdditionalCashFlows
|
-8167000 |
