10-Q Filing

LEXMARK INTERNATIONAL INC /KY/ CIK: 1001288 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001001288-11-000017`
Period End Date	20110331
Filing Date	20110509
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	lxk-20110331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 35 Cash Flow Statement 48

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts, trade receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$32.80M	USD	Point-in-time
Allowance for doubtful accounts, trade receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$371.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$459.30M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$308.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$337.50M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$879.70M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.60M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$960.20M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.60M	shares	Point-in-time
Trade receivables, net of allowances of $34.0 in 2011 and $32.8 in 2010	`AccountsReceivableNetCurrent`	$479.60M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade receivables, net of allowances of $34.0 in 2011 and $32.8 in 2010	`AccountsReceivableNetCurrent`	$482.20M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$364.80M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$366.10M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15.10M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$206.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$220.90M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15.10M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.34B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.27B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndInternalUseSoftwareNet`	$904.80M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndInternalUseSoftwareNet`	$906.10M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$17.70M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$18.00M	USD	Point-in-time
Goodwill	`Goodwill`	$187.30M	USD	Point-in-time
Goodwill	`Goodwill`	$187.70M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$155.30M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$149.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$170.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$168.60M	USD	Point-in-time
Total assets	`Assets`	$3.77B	USD	Point-in-time
Total assets	`Assets`	$3.71B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$535.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$564.30M	USD	Point-in-time
Accrued liabilities	`OtherLiabilitiesCurrent`	$651.70M	USD	Point-in-time
Accrued liabilities	`OtherLiabilitiesCurrent`	$711.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.22B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.25B	USD	Point-in-time
Long-term debt	`LongTermNotesPayable`	$649.10M	USD	Point-in-time
Long-term debt	`LongTermNotesPayable`	$649.20M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$415.50M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$399.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.26B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.31B	USD	Point-in-time
Preferred stock, $.01 par value, 1.6 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value, 1.6 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Capital in excess of par	`AdditionalPaidInCapitalCommonStock`	$849.70M	USD	Point-in-time
Capital in excess of par	`AdditionalPaidInCapitalCommonStock`	$841.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.26B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.18B	USD	Point-in-time
Treasury stock, net; at cost; 15.1 shares in 2011 and 2010	`TreasuryStockValue`	$404.40M	USD	Point-in-time
Treasury stock, net; at cost; 15.1 shares in 2011 and 2010	`TreasuryStockValue`	$404.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-206.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-223.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.39B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.50B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.77B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.71B	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.04B	USD	1 Quarter
Revenue	`Revenues`	$1.03B	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$658.10M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$645.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$389.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$384.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$90.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$89.50M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$158.70M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$186.90M	USD	1 Quarter
Restructuring and related charges (reversals)	`RestructuringCharges`	$3.30M	USD	1 Quarter
Restructuring and related charges (reversals)	`RestructuringCharges`	$-1.60M	USD	1 Quarter
Operating expense	`OperatingExpenses`	$251.50M	USD	1 Quarter
Operating expense	`OperatingExpenses`	$276.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$113.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$133.30M	USD	1 Quarter
Interest (income) expense, net	`InterestIncomeExpenseNetNonoperating`	$7.50M	USD	1 Quarter
Interest (income) expense, net	`InterestIncomeExpenseNetNonoperating`	$6.60M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-100.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-900.00K	USD	1 Quarter
Net impairment losses on securities	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	$200.00K	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$125.60M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$105.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$30.30M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$83.30M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$95.30M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.21	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.04	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	78.40M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	78.90M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	79.10M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	79.80M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$83.30M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$95.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$46.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$51.40M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$7.20M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.40M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.20M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$5.80M	USD	1 Quarter
Other	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$-2.50M	USD	1 Quarter
Other	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$200.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$15.90M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$2.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-22.20M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$29.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.60M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-59.90M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-600.00K	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-23.20M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-14.90M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$85.20M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$145.90M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquireProductiveAssets`	$42.90M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquireProductiveAssets`	$36.30M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$404.00M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$453.10M	USD	1 Quarter
Proceeds from sales/maturities of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$280.00M	USD	1 Quarter
Proceeds from sales/maturities of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$323.50M	USD	1 Quarter
Purchases of companies net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$6.70M	USD	1 Quarter
Purchases of companies net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-500.00K	USD	1 Quarter
Net cash flows used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-116.80M	USD	1 Quarter
Net cash flows used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-222.20M	USD	1 Quarter
Net cash flows provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.20M	USD	1 Quarter
Net cash flows provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.20M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$700.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.20M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-28.70M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-87.70M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$371.60M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$459.30M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$308.80M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$337.50M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$371.60M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$459.30M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$308.80M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$337.50M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.