10-Q Filing

TECH DATA CORP CIK: 790703 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-156315`
Period End Date	20110430
Filing Date	20110601
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	tecd-20110430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 32 Cash Flow Statement 72

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$60.91M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$56.81M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$911.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$807.55M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$839.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.12B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $60,912 and $56,811	`AccountsReceivableNetCurrent`	$2.90B	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 $60,912 and $56,811	`AccountsReceivableNetCurrent`	$2.92B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	12.72M	shares	Point-in-time
Inventories	`InventoryNet`	$2.27B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	12.52M	shares	Point-in-time
Inventories	`InventoryNet`	$2.21B	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$210.51M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$181.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.12B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.21B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$94.31M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$95.95M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$270.83M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$295.38M	USD	Point-in-time
Total assets	`Assets`	$6.49B	USD	Point-in-time
Total assets	`Assets`	$6.60B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.22B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.21B	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$539.17M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$562.64M	USD	Point-in-time
Revolving credit loans and current maturities of long-term debt, net	`DebtCurrent`	$434.44M	USD	Point-in-time
Revolving credit loans and current maturities of long-term debt, net	`DebtCurrent`	$418.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.22B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.17B	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$60.08M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$64.89M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$68.75M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$69.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.35B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.30B	USD	Point-in-time
Common stock, par value $.0015; 200,000,000 shares authorized; 59,239,085 shares issued at April 30, 2011 and January 31, 2011	`CommonStockValue`	$89.00K	USD	Point-in-time
Common stock, par value $.0015; 200,000,000 shares authorized; 59,239,085 shares issued at April 30, 2011 and January 31, 2011	`CommonStockValue`	$89.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$762.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$768.76M	USD	Point-in-time
Treasury stock, at cost 12,718,657 shares at April 30, 2011 and 12,517,538 shares at January 31, 2011	`TreasuryStockValue`	$466.63M	USD	Point-in-time
Treasury stock, at cost 12,718,657 shares at April 30, 2011 and 12,517,538 shares at January 31, 2011	`TreasuryStockValue`	$486.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$1.45B	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$1.50B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$358.88M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$489.78M	USD	Point-in-time
Equity attributable to shareholders of Tech Data Corporation	`StockholdersEquity`	$2.11B	USD	Point-in-time
Equity attributable to shareholders of Tech Data Corporation	`StockholdersEquity`	$2.27B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$23.96M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$25.93M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.29B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.14B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.60B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.49B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$6.33B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$5.62B	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$5.33B	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$6.00B	USD	1 Quarter
Gross profit	`GrossProfit`	$292.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$333.46M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$257.78M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$223.32M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$69.49M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$75.68M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.64M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.59M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$276.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-666.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$66.38M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$63.17M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.53M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.66M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$48.72M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$45.64M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$19.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.00K	USD	1 Quarter
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$45.63M	USD	1 Quarter
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$48.70M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.89	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.88	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	51.49M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.67M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.39M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.07M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Cash received from customers	`ProceedsFromCustomers`	$5.69B	USD	1 Quarter
Cash received from customers	`ProceedsFromCustomers`	$6.47B	USD	1 Quarter
Cash paid to vendors and employees	`PaymentsToSuppliersAndEmployees`	$5.85B	USD	1 Quarter
Cash paid to vendors and employees	`PaymentsToSuppliersAndEmployees`	$6.47B	USD	1 Quarter
Interest paid, net	`InterestPaidNet`	$1.40M	USD	1 Quarter
Interest paid, net	`InterestPaidNet`	$3.15M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$7.78M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$3.03M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.22M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-162.56M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$11.60M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.10M	USD	1 Quarter
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.36M	USD	1 Quarter
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.86M	USD	1 Quarter
Software and software development costs	`PaymentsForSoftware`	$4.68M	USD	1 Quarter
Software and software development costs	`PaymentsForSoftware`	$3.14M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.14M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.61M	USD	1 Quarter
Proceeds from the reissuance of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$27.47M	USD	1 Quarter
Proceeds from the reissuance of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$945.00K	USD	1 Quarter
Cash paid for purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$5.59M	USD	1 Quarter
Cash paid for purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$51.29M	USD	1 Quarter
Net (repayments) borrowings on revolving credit loans	`ProceedsFromRepaymentsOfLinesOfCredit`	$-23.44M	USD	1 Quarter
Net (repayments) borrowings on revolving credit loans	`ProceedsFromRepaymentsOfLinesOfCredit`	$5.16M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$125.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$115.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.70M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$983.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-45.68M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.37M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$35.67M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-26.78M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-205.58M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-32.38M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$911.00M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$807.55M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$839.93M	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`	$911.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$807.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$839.93M	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`	$45.63M	USD	1 Quarter
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$48.70M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$19.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.00K	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$48.72M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$45.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.76M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.15M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$1.41M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$1.43M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.45M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.47M	USD	1 Quarter
Accretion of debt discount on convertible senior debentures	`AmortizationOfDebtDiscountPremium`	$2.57M	USD	1 Quarter
Accretion of debt discount on convertible senior debentures	`AmortizationOfDebtDiscountPremium`	$2.57M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.70M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$983.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-66.70M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-128.64M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-39.62M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$100.81M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$18.12M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$18.90M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-161.61M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-162.18M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-69.63M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-10.99M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-62.94M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-208.20M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.22M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-162.56M	USD	1 Quarter

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