10-Q Filing

TECH DATA CORP CIK: 790703 Q2 2010

Filing Information

Form Type	10-Q
Accession Number	`0001193125-10-202839`
Period End Date	20100731
Filing Date	20100901
Fiscal Year	2010
Fiscal Period	Q2
XBRL Instance	tecd-20100731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 64 Cash Flow Statement 82

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$50.72M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$54.63M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$528.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.07B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$940.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.12B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $50,721 and $54,627	`AccountsReceivableNetCurrent`	$2.59B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	59.24M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	59.24M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $50,721 and $54,627	`AccountsReceivableNetCurrent`	$2.36B	USD	Point-in-time
Inventories	`InventoryNet`	$1.78B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	12.01M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.78M	shares	Point-in-time
Inventories	`InventoryNet`	$1.70B	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$156.45M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$155.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.57B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.24B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$83.53M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$90.63M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$167.88M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$177.19M	USD	Point-in-time
Total assets	`Assets`	$5.83B	USD	Point-in-time
Total assets	`Assets`	$5.50B	USD	Point-in-time
Revolving credit loans	`LinesOfCreditCurrent`	$76.58M	USD	Point-in-time
Revolving credit loans	`LinesOfCreditCurrent`	$65.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.61B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.80B	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$455.84M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$455.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.32B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.15B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$338.16M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$342.61M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$76.25M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$76.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.74B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.56B	USD	Point-in-time
Common stock, par value $.0015; 200,000,000 shares authorized; 59,239,085 shares issued at July 31, 2010 and January 31, 2010	`CommonStockValue`	$89.00K	USD	Point-in-time
Common stock, par value $.0015; 200,000,000 shares authorized; 59,239,085 shares issued at July 31, 2010 and January 31, 2010	`CommonStockValue`	$89.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$769.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$763.85M	USD	Point-in-time
Treasury stock, 12,011,476 and 7,776,419 shares at July 31, 2010 and January 31, 2010	`TreasuryStockValue`	$446.45M	USD	Point-in-time
Treasury stock, 12,011,476 and 7,776,419 shares at July 31, 2010 and January 31, 2010	`TreasuryStockValue`	$279.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$1.24B	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$1.33B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$359.58M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$283.44M	USD	Point-in-time
Equity attributable to shareholders of Tech Data Corporation	`StockholdersEquity`	$1.93B	USD	Point-in-time
Equity attributable to shareholders of Tech Data Corporation	`StockholdersEquity`	$2.09B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$5.28M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$5.64M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.93B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.83B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.50B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$5.18B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$10.17B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$11.10B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$5.47B	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$4.91B	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$5.19B	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$10.51B	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$9.64B	USD	2 Qtrs
Gross profit	`GrossProfit`	$287.54M	USD	1 Quarter
Gross profit	`GrossProfit`	$530.29M	USD	2 Qtrs
Gross profit	`GrossProfit`	$580.34M	USD	2 Qtrs
Gross profit	`GrossProfit`	$269.07M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$428.61M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$221.78M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$215.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$445.10M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$101.68M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$65.76M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$135.24M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$53.87M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.92M	USD	2 Qtrs
Interest expense	`InterestExpense`	$7.13M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.33M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.03M	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$412.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$94.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$370.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$1.87M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$88.53M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$58.52M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$121.70M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$47.15M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.69M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.14M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.93M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$35.22M	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$35.01M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$66.60M	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$40.83M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$86.48M	USD	2 Qtrs
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-12.00K	USD	2 Qtrs
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-147.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-23.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-319.00K	USD	2 Qtrs
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$86.49M	USD	2 Qtrs
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$40.85M	USD	1 Quarter
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$66.92M	USD	2 Qtrs
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$35.16M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.71	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.82	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.33	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.33	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.70	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	50.20M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	49.61M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	50.25M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	50.54M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.01M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	50.35M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	50.46M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.99M	shares	1 Quarter

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Cash received from customers	`ProceedsFromCustomers`	$10.37B	USD	2 Qtrs
Cash received from customers	`ProceedsFromCustomers`	$11.27B	USD	2 Qtrs
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$9.82B	USD	2 Qtrs
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$11.20B	USD	2 Qtrs
Interest paid, net	`InterestPaidNet`	$7.71M	USD	2 Qtrs
Interest paid, net	`InterestPaidNet`	$7.71M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$18.23M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$28.92M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$33.47M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$525.56M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.32M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$8.15M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$11.60M	USD	2 Qtrs
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.92M	USD	2 Qtrs
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.61M	USD	2 Qtrs
Software and software development costs	`PaymentsForSoftware`	$4.87M	USD	2 Qtrs
Software and software development costs	`PaymentsForSoftware`	$7.68M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.90M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.62M	USD	2 Qtrs
Proceeds from the reissuance of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$1.19M	USD	2 Qtrs
Proceeds from the reissuance of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$1.23M	USD	2 Qtrs
Cash paid for purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$166.55M	USD	2 Qtrs
Cash paid for purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Capital contributions and net borrowings from joint venture partner	`ProceedsFromContributionsFromAffiliates`	$3.17M	USD	2 Qtrs
Capital contributions and net borrowings from joint venture partner	`ProceedsFromContributionsFromAffiliates`	-	USD	2 Qtrs
Net borrowings (repayments) on revolving credit loans	`ProceedsFromRepaymentsOfLinesOfCredit`	$-21.36M	USD	2 Qtrs
Net borrowings (repayments) on revolving credit loans	`ProceedsFromRepaymentsOfLinesOfCredit`	$10.27M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$222.00K	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$5.29M	USD	2 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.08M	USD	2 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.24M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-154.24M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-29.85M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$48.63M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$538.34M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-176.52M	USD	2 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$528.02M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.07B	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$940.06M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.12B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$528.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.07B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$940.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.12B	USD	Point-in-time
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$86.49M	USD	2 Qtrs
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$40.85M	USD	1 Quarter
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$66.92M	USD	2 Qtrs
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$35.16M	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-12.00K	USD	2 Qtrs
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-147.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-23.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-319.00K	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$35.01M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$66.60M	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$40.83M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$86.48M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$22.48M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$21.95M	USD	2 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$3.09M	USD	2 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$2.66M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$5.11M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$5.63M	USD	2 Qtrs
Accretion of debt discount on convertible senior debentures	`AmortizationOfDebtDiscountPremium`	$5.14M	USD	2 Qtrs
Accretion of debt discount on convertible senior debentures	`AmortizationOfDebtDiscountPremium`	$5.14M	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.08M	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-175.05M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-199.40M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$118.71M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-341.74M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.29M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-26.67M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-132.93M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-113.11M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-31.66M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.67M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$458.96M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-53.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$33.47M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$525.56M	USD	2 Qtrs

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