2013 Q1 Form 10-Q Financial Statement

#000001154413000036 Filed on May 06, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1 2011 Q4
Revenue $1.507B $1.379B $1.371B
YoY Change 9.29% 11.69% 11.34%
Cost Of Revenue $744.7M $679.5M
YoY Change 9.6% -46.97%
Gross Profit $762.1M $699.2M
YoY Change 8.99% -1587.1%
Gross Profit Margin 50.58% 50.72%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.90M $22.20M $30.70M
YoY Change -5.86% 0.45% 63.3%
% of Gross Profit 2.74% 3.17%
Operating Expenses $1.315B $1.163B $1.194B
YoY Change 13.14% 11.04% 16.19%
Operating Profit -$553.3M -$463.4M
YoY Change 19.41% -57.65%
Interest Expense $31.11M $28.82M -$28.20M
YoY Change 7.95% -48.76% 0.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $160.2M $187.3M $148.7M
YoY Change -14.46% 17.65% -15.32%
Income Tax $43.63M $52.07M $31.70M
% Of Pretax Income 27.23% 27.8% 21.32%
Net Earnings $116.6M $135.3M $117.0M
YoY Change -13.82% 17.07% -7.74%
Net Earnings / Revenue 7.74% 9.81% 8.54%
Basic Earnings Per Share $0.86 $0.98 $0.85
Diluted Earnings Per Share $0.83 $0.94 $0.82
COMMON SHARES
Basic Shares Outstanding 136.0M shares 137.8M shares 137.1M shares
Diluted Shares Outstanding 141.2M shares 143.4M shares

Balance Sheet

Concept 2013 Q1 2012 Q1 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $945.5M $1.082B $911.7M
Short-Term Investments
Other Short-Term Assets $345.0M $275.0M $258.0M
YoY Change 25.45% 3.38% 19.44%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $374.0M $657.0M $576.0M
YoY Change -43.07% 18.81% 3.78%
LONG-TERM ASSETS
Property, Plant & Equipment $271.0M $268.2M $262.3M
YoY Change 1.04% 4.37% 2.97%
Goodwill $107.5M $90.17M $87.87M
YoY Change 19.25% -3.0%
Intangibles $32.00M
YoY Change
Long-Term Investments $793.6M $679.7M $680.6M
YoY Change 16.76% -94.85% 32.83%
Other Assets
YoY Change
Total Long-Term Assets $19.75B $18.48B $17.83B
YoY Change 6.87% 6.0% 5.03%
TOTAL ASSETS
Total Short-Term Assets $374.0M $657.0M $576.0M
Total Long-Term Assets $19.75B $18.48B $17.83B
Total Assets $20.12B $19.13B $18.40B
YoY Change 5.16% 6.39% 4.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $105.0M $55.00M $3.000M
YoY Change 90.91%
LONG-TERM LIABILITIES
Long-Term Debt $1.937B $2.097B $1.744B
YoY Change -7.63% 20.52% 0.06%
Other Long-Term Liabilities $924.0M $873.0M $929.0M
YoY Change 5.84% -6.33% 4.5%
Total Long-Term Liabilities $2.861B $2.970B $2.673B
YoY Change -3.67% 11.15% 1.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $105.0M $55.00M $3.000M
Total Long-Term Liabilities $2.861B $2.970B $2.673B
Total Liabilities $15.71B $15.00B $14.44B
YoY Change 4.75% 5.68% 4.52%
SHAREHOLDERS EQUITY
Retained Earnings $4.922B $4.615B $4.491B
YoY Change 6.65% 7.07%
Common Stock $997.0M $985.4M $988.1M
YoY Change 1.17% 0.61%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.969B $1.867B $1.881B
YoY Change 5.46% 7.44%
Treasury Stock Shares 99.09B shares 96.84B shares 97.60M shares
Shareholders Equity $4.379B $4.127B $3.953B
YoY Change
Total Liabilities & Shareholders Equity $20.12B $19.13B $18.40B
YoY Change 5.16% 6.39% 4.99%

Cashflow Statement

Concept 2013 Q1 2012 Q1 2011 Q4
OPERATING ACTIVITIES
Net Income $116.6M $135.3M $117.0M
YoY Change -13.82% 17.07% -7.74%
Depreciation, Depletion And Amortization $20.90M $22.20M $30.70M
YoY Change -5.86% 0.45% 63.3%
Cash From Operating Activities $115.1M $73.76M $185.1M
YoY Change 56.06% -65.91% 205.45%
INVESTING ACTIVITIES
Capital Expenditures $13.04M $15.06M $243.1M
YoY Change -13.37% -19.4% -1984.5%
Acquisitions $38.56M $0.00
YoY Change -100.0%
Other Investing Activities $166.8M -$257.9M -$363.9M
YoY Change -164.68% 5058.0% 112.56%
Cash From Investing Activities $143.4M -$278.6M -$120.8M
YoY Change -151.48% 710.53% -34.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $206.3M
YoY Change
Cash From Financing Activities -$198.6M $366.5M -16.20M
YoY Change -154.2% -933.8% -89.49%
NET CHANGE
Cash From Operating Activities $115.1M $73.76M 185.1M
Cash From Investing Activities $143.4M -$278.6M -120.8M
Cash From Financing Activities -$198.6M $366.5M -16.20M
Net Change In Cash $59.90M $161.7M 48.10M
YoY Change -62.95% 17.1% -117.31%
FREE CASH FLOW
Cash From Operating Activities $115.1M $73.76M $185.1M
Capital Expenditures $13.04M $15.06M $243.1M
Free Cash Flow $102.1M $58.71M -$58.00M
YoY Change 73.86% -70.31% -178.91%

Facts In Submission

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CY2012Q4 wrb Due From Broker Fair Value
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CY2012Q1 wrb Revenues From Wholly Owned Investees
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CY2013Q1 dei Amendment Flag
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false
CY2013Q1 dei Current Fiscal Year End Date
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CY2013Q1 dei Document Fiscal Period Focus
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Q1
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
136036887 shares
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
BERKLEY W R CORP

Files In Submission

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