10-Q Filing

TECH DATA CORP CIK: 790703 Q3 2010

Filing Information

Form Type	10-Q
Accession Number	`0001193125-10-272202`
Period End Date	20101031
Filing Date	20101201
Fiscal Year	2010
Fiscal Period	Q3
XBRL Instance	tecd-20101031.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`	$54.63M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$62.77M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$706.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.12B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.24B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$528.02M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	59.24M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $62,768 and $54,627	`AccountsReceivableNetCurrent`	$2.59B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $62,768 and $54,627	`AccountsReceivableNetCurrent`	$2.98B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	59.24M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.78M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	12.62M	shares	Point-in-time
Inventories	`InventoryNet`	$2.17B	USD	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`	$191.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.04B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.57B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$92.06M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$90.63M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$282.32M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$167.88M	USD	Point-in-time
Total assets	`Assets`	$6.41B	USD	Point-in-time
Total assets	`Assets`	$5.83B	USD	Point-in-time
Revolving credit loans	`LinesOfCreditCurrent`	$65.38M	USD	Point-in-time
Revolving credit loans	`LinesOfCreditCurrent`	$130.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.20B	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`	$528.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.86B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.32B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$392.36M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$338.16M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$93.38M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$76.25M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.74B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.35B	USD	Point-in-time
Common stock, par value $.0015; 200,000,000 shares authorized; 59,239,085 shares issued at October 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 October 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`	$765.96M	USD	Point-in-time
Treasury stock, 12,621,902 and 7,776,419 shares at October 31, 2010 and January 31, 2010	`TreasuryStockValue`	$470.53M	USD	Point-in-time
Treasury stock, 12,621,902 and 7,776,419 shares at October 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`	$1.38B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$359.58M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$374.42M	USD	Point-in-time
Equity attributable to shareholders of Tech Data Corporation	`StockholdersEquity`	$2.05B	USD	Point-in-time
Equity attributable to shareholders of Tech Data Corporation	`StockholdersEquity`	$2.09B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$5.64M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$20.26M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.09B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.07B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.83B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.41B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$5.64B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$6.16B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$17.26B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$15.82B	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$16.35B	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$5.84B	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$14.99B	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$5.35B	USD	1 Quarter
Gross profit	`GrossProfit`	$295.61M	USD	1 Quarter
Gross profit	`GrossProfit`	$324.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$825.90M	USD	3 Qtrs
Gross profit	`GrossProfit`	$904.54M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$659.15M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$688.33M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$243.23M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$230.54M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$166.75M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$65.07M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$80.97M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$216.22M	USD	3 Qtrs
Interest expense	`InterestExpense`	$6.67M	USD	1 Quarter
Interest expense	`InterestExpense`	$21.66M	USD	3 Qtrs
Interest expense	`InterestExpense`	$21.70M	USD	3 Qtrs
Interest expense	`InterestExpense`	$7.74M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-122.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$860.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$2.73M	USD	3 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$248.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$194.81M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$59.26M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$147.79M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$73.11M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.95M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.08M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$57.17M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.15M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$109.71M	USD	3 Qtrs
Consolidated net income	`ProfitLoss`	$51.16M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$43.11M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$137.64M	USD	3 Qtrs
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-33.00K	USD	1 Quarter
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-352.00K	USD	3 Qtrs
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$705.00K	USD	1 Quarter
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$693.00K	USD	3 Qtrs
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$50.46M	USD	1 Quarter
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$43.14M	USD	1 Quarter
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$136.95M	USD	3 Qtrs
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$110.06M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$2.78	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.85	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.08	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.19	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.17	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.76	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.84	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.07	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	49.23M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	50.56M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.67M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	50.32M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.07M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	50.62M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.68M	shares	3 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Cash received from customers	`ProceedsFromCustomers`	$17.07B	USD	3 Qtrs
Cash received from customers	`ProceedsFromCustomers`	$15.64B	USD	3 Qtrs
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$17.08B	USD	3 Qtrs
Cash paid to suppliers and employees	`PaymentsToSuppliersAndEmployees`	$15.01B	USD	3 Qtrs
Interest paid, net	`InterestPaidNet`	$8.36M	USD	3 Qtrs
Interest paid, net	`InterestPaidNet`	$8.65M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$31.56M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$54.42M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-71.83M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$588.21M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.37M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$8.15M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$139.52M	USD	3 Qtrs
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.47M	USD	3 Qtrs
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.93M	USD	3 Qtrs
Software and software development costs	`PaymentsForSoftware`	$10.56M	USD	3 Qtrs
Software and software development costs	`PaymentsForSoftware`	$8.41M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.12M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-160.56M	USD	3 Qtrs
Proceeds from the reissuance of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$1.48M	USD	3 Qtrs
Proceeds from the reissuance of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$18.64M	USD	3 Qtrs
Cash paid for purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$200.00M	USD	3 Qtrs
Cash paid for purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Capital contributions and net borrowings from joint venture partner	`ProceedsFromContributionsFromAffiliates`	$27.55M	USD	3 Qtrs
Capital contributions and net borrowings from joint venture partner	`ProceedsFromContributionsFromAffiliates`	$20.61M	USD	3 Qtrs
Net (repayments) borrowings on revolving credit loans	`ProceedsFromRepaymentsOfLinesOfCredit`	$-10.74M	USD	3 Qtrs
Net (repayments) borrowings on revolving credit loans	`ProceedsFromRepaymentsOfLinesOfCredit`	$30.69M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$5.53M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$337.00K	USD	3 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	3 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.08M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$64.41M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-180.97M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$74.42M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.31M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$707.92M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-410.04M	USD	3 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$706.54M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.12B	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.24B	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$528.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$706.54M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.12B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.24B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$528.02M	USD	Point-in-time
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$50.46M	USD	1 Quarter
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$43.14M	USD	1 Quarter
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$136.95M	USD	3 Qtrs
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$110.06M	USD	3 Qtrs
Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-33.00K	USD	1 Quarter
Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-352.00K	USD	3 Qtrs
Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$705.00K	USD	1 Quarter
Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$693.00K	USD	3 Qtrs
Consolidated net income	`ProfitLoss`	$109.71M	USD	3 Qtrs
Consolidated net income	`ProfitLoss`	$51.16M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$43.11M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$137.64M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$33.55M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$34.14M	USD	3 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$7.53M	USD	3 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$11.30M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$8.65M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$7.39M	USD	3 Qtrs
Accretion of debt discount on convertible senior debentures	`AmortizationOfDebtDiscountPremium`	$7.71M	USD	3 Qtrs
Accretion of debt discount on convertible senior debentures	`AmortizationOfDebtDiscountPremium`	$7.71M	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.08M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$180.62M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$187.23M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-173.27M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$303.21M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.73M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-24.31M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$251.62M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$399.26M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-13.79M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.25M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-209.47M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$478.50M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-71.83M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$588.21M	USD	3 Qtrs

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