2010 Q4 Form 10-K Financial Statement
#000119312511042228 Filed on February 22, 2011
Income Statement
| Concept | 2010 Q4 | 2008 | 2007 |
|---|---|---|---|
| Revenue | $4.300B | $23.75B | $16.87B |
| YoY Change | 28.21% | 40.78% | 7.37% |
| Cost Of Revenue | $4.115B | $19.72B | $14.63B |
| YoY Change | 22.91% | 34.78% | 12.84% |
| Gross Profit | $185.0M | $4.031B | $2.240B |
| YoY Change | 2983.33% | 79.96% | -18.46% |
| Gross Profit Margin | 4.3% | 16.97% | 13.28% |
| Selling, General & Admin | $162.0M | $625.0M | $589.0M |
| YoY Change | 2.53% | 6.11% | -2.48% |
| % of Gross Profit | 87.57% | 15.5% | 26.29% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $168.0M | $605.0M | $506.0M |
| YoY Change | -5.08% | 19.57% | 14.74% |
| % of Gross Profit | 90.81% | 15.01% | 22.59% |
| Operating Expenses | $322.0M | $1.072B | $1.076B |
| YoY Change | -2.42% | -0.37% | 4.26% |
| Operating Profit | -$137.0M | $2.959B | $1.213B |
| YoY Change | -57.72% | 143.94% | -32.04% |
| Interest Expense | -$41.00M | $36.00M | -$43.00M |
| YoY Change | 17.14% | -183.72% | -222.86% |
| % of Operating Profit | 1.22% | -3.54% | |
| Other Income/Expense, Net | -$46.00M | -$5.000M | -$10.00M |
| YoY Change | 155.56% | -50.0% | 25.0% |
| Pretax Income | -$208.0M | $3.007B | $1.108B |
| YoY Change | -46.25% | 171.39% | -35.69% |
| Income Tax | $41.00M | $853.0M | $218.0M |
| % Of Pretax Income | 28.37% | 19.68% | |
| Net Earnings | -$249.0M | $2.112B | $879.0M |
| YoY Change | -7.43% | 140.27% | -36.03% |
| Net Earnings / Revenue | -5.79% | 8.89% | 5.21% |
| Basic Earnings Per Share | $7.44 | ||
| Diluted Earnings Per Share | -$1.733M | $17.90M | $7.40 |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2010 Q4 | 2008 | 2007 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $578.0M | $724.0M | $401.0M |
| YoY Change | -52.55% | 80.55% | -71.8% |
| Cash & Equivalents | $578.0M | $724.0M | $401.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | $176.0M | $228.0M | $202.0M |
| YoY Change | -47.77% | 12.87% | -45.55% |
| Inventory | $2.352B | $2.492B | $2.279B |
| Prepaid Expenses | |||
| Receivables | $2.023B | $2.288B | $2.077B |
| Other Receivables | $175.0M | $0.00 | $0.00 |
| Total Short-Term Assets | $5.304B | $5.732B | $4.959B |
| YoY Change | 5.76% | 15.59% | -4.56% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $6.486B | $6.676B | $6.688B |
| YoY Change | -4.9% | -0.18% | 51.0% |
| Goodwill | $1.760B | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $670.0M | $677.0M | $658.0M |
| YoY Change | -3.6% | 2.89% | 130.88% |
| Other Assets | $855.0M | $1.093B | $1.160B |
| YoY Change | -3.5% | -5.78% | 84.13% |
| Total Long-Term Assets | $10.05B | $10.36B | $10.67B |
| YoY Change | -3.47% | -2.98% | 98.01% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $5.304B | $5.732B | $4.959B |
| Total Long-Term Assets | $10.05B | $10.36B | $10.67B |
| Total Assets | $15.35B | $16.09B | $15.63B |
| YoY Change | -0.47% | 2.91% | 47.67% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $66.00M | $43.00M | $62.00M |
| YoY Change | 8.2% | -30.65% | 5.08% |
| Accrued Expenses | $981.0M | $1.000B | $1.015B |
| YoY Change | 10.72% | -1.48% | -4.15% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $216.0M | $81.00M | $110.0M |
| YoY Change | 1036.84% | -26.36% | 34.15% |
| Total Short-Term Liabilities | $3.147B | $2.778B | $3.003B |
| YoY Change | 27.2% | -7.49% | 11.14% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $3.517B | $3.064B | $3.147B |
| YoY Change | 5.14% | -2.64% | 233.72% |
| Other Long-Term Liabilities | $4.834B | $5.177B | $3.701B |
| YoY Change | 4.54% | 39.88% | 45.82% |
| Total Long-Term Liabilities | $8.351B | $8.241B | $6.848B |
| YoY Change | 4.79% | 20.34% | 96.73% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $3.147B | $2.778B | $3.003B |
| Total Long-Term Liabilities | $8.351B | $8.241B | $6.848B |
| Total Liabilities | $11.50B | $11.19B | $10.10B |
| YoY Change | 7.01% | 10.8% | 62.37% |
| 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 | $3.851B | $4.895B | $5.531B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $15.35B | $16.09B | $15.63B |
| YoY Change | -0.47% | 2.91% | 47.67% |
Cashflow Statement
| Concept | 2010 Q4 | 2008 | 2007 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$249.0M | $2.112B | $879.0M |
| YoY Change | -7.43% | 140.27% | -36.03% |
| Depreciation, Depletion And Amortization | $168.0M | $605.0M | $506.0M |
| YoY Change | -5.08% | 19.57% | 14.74% |
| Cash From Operating Activities | $99.00M | $1.658B | $1.732B |
| YoY Change | -155.31% | -4.27% | 6.13% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$250.0M | $735.0M | -$692.0M |
| YoY Change | 47.06% | -206.21% | 13.07% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $25.00M | -$136.0M | -$3.983B |
| YoY Change | 316.67% | -96.59% | -18204.55% |
| Cash From Investing Activities | -$225.0M | -$1.032B | -$4.675B |
| YoY Change | 37.2% | -77.93% | 692.37% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 62.00M | -305.0M | 1.904B |
| YoY Change | 148.0% | -116.02% | -272.15% |
| NET CHANGE | |||
| Cash From Operating Activities | 99.00M | 1.658B | 1.732B |
| Cash From Investing Activities | -225.0M | -1.032B | -4.675B |
| Cash From Financing Activities | 62.00M | -305.0M | 1.904B |
| Net Change In Cash | -64.00M | 321.0M | -1.039B |
| YoY Change | -79.87% | -130.9% | 1523.44% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $99.00M | $1.658B | $1.732B |
| Capital Expenditures | -$250.0M | $735.0M | -$692.0M |
| Free Cash Flow | $349.0M | $923.0M | $2.424B |
| YoY Change | -3977.78% | -61.92% | 8.02% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2010Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
3743000000 | |
| CY2006 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
11.88 | |
| CY2006 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
11.18 | |
| CY2006 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
324000000 | |
| CY2006 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1374000000 | |
| CY2006 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1785000000 | |
| CY2006 | us-gaap |
Revenues
Revenues
|
15715000000 | |
| CY2006 | us-gaap |
Segment Reporting Information Intersegment Revenue
SegmentReportingInformationIntersegmentRevenue
|
-628000000 | |
| CY2006 | x |
Interest Income Expense And Other Financial Costs Net
InterestIncomeExpenseAndOtherFinancialCostsNet
|
-62000000 | |
| CY2006 | x |
Unallocated Items And Eliminations
UnallocatedItemsAndEliminations
|
289000000 | |
| CY2006 | x |
Iron Ore Pellet Produced
IronOrePelletProduced
|
22062000 | ton |
| CY2006 | x |
Amount Of Steel Shipped
AmountOfSteelShipped
|
21632000 | ton |
| CY2007 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
7.44 | |
| CY2007 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
7.40 | |
| CY2007 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
218000000 | |
| CY2007 | us-gaap |
Net Income Loss
NetIncomeLoss
|
879000000 | |
| CY2007 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1213000000 | |
| CY2007 | us-gaap |
Payments To Employees
PaymentsToEmployees
|
2991000000 | |
| CY2007 | us-gaap |
Revenues
Revenues
|
16873000000 | |
| CY2007 | us-gaap |
Segment Reporting Information Intersegment Revenue
SegmentReportingInformationIntersegmentRevenue
|
-722000000 | |
| CY2007 | x |
Interest Income Expense And Other Financial Costs Net
InterestIncomeExpenseAndOtherFinancialCostsNet
|
-105000000 | |
| CY2007 | x |
Unallocated Items And Eliminations
UnallocatedItemsAndEliminations
|
296000000 | |
| CY2007 | x |
Iron Ore Pellet Produced
IronOrePelletProduced
|
21598000 | ton |
| CY2007 | x |
Amount Of Steel Shipped
AmountOfSteelShipped
|
22095000 | ton |
| CY2007 | x |
Average Employment Costs
AverageEmploymentCosts
|
48.29 | |
| CY2009 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
8000000 | |
| CY2009 | us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
45000000 | |
| CY2009 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
472000000 | |
| CY2009 | us-gaap |
Payments To Employees
PaymentsToEmployees
|
2814000000 | |
| CY2009 | x |
Iron Ore Pellet Produced
IronOrePelletProduced
|
9293000 | ton |
| CY2009 | x |
Amount Of Steel Shipped
AmountOfSteelShipped
|
14981000 | ton |
| CY2009 | x |
Average Employment Costs
AverageEmploymentCosts
|
56.24 | |
| CY2010 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-58000000 | |
| CY2010 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
676000000 | |
| CY2010 | x |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Market And Or Performance Conditions Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMarketAndOrPerformanceConditionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
143.60 | |
| CY2010 | x |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Market And Or Performance Conditions Adjustments In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsMarketAndOrPerformanceConditionsAdjustmentsInPeriod
|
20078 | shares |
| CY2010 | x |
Iron Ore Pellet Produced
IronOrePelletProduced
|
22441000 | ton |
| CY2010 | x |
Amount Of Steel Shipped
AmountOfSteelShipped
|
22316000 | ton |
| CY2008 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
28000000 | |
| CY2008 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
103000000 | |
| CY2008 | us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
-45000000 | |
| CY2008 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
735000000 | |
| CY2008 | x |
Fair Value Adjustment Of Acquired Inventory
FairValueAdjustmentOfAcquiredInventory
|
23000000 | |
| CY2008 | x |
Iron Ore Pellet Produced
IronOrePelletProduced
|
25783000 | ton |
| CY2008 | x |
Amount Of Steel Shipped
AmountOfSteelShipped
|
24448000 | ton |
| CY2010Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-249000000 | |
| CY2010Q4 | us-gaap |
Profit Loss
ProfitLoss
|
-249000000 |
