10-Q Filing

TECH DATA CORP CIK: 790703 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-238177`
Period End Date	20110731
Filing Date	20110901
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	tecd-20110731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 64 Cash Flow Statement 82

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$63.18M	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`	$905.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$940.06M	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 $63,184 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 $63,184 and $56,811	`AccountsReceivableNetCurrent`	$2.83B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	12.52M	shares	Point-in-time
Inventories	`InventoryNet`	$2.21B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15.84M	shares	Point-in-time
Inventories	`InventoryNet`	$1.88B	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$198.01M	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`	$5.82B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$94.31M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$91.24M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$290.05M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$270.83M	USD	Point-in-time
Total assets	`Assets`	$6.20B	USD	Point-in-time
Total assets	`Assets`	$6.49B	USD	Point-in-time
Total assets	`Assets`	$5.50B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.22B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.99B	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$562.64M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$503.41M	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`	$424.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.22B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.91B	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$62.81M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$60.08M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$68.75M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$65.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.04B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.35B	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $.0015; 200,000,000 shares authorized; 59,239,085 shares issued at July 31, 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 July 31, 2011 and January 31, 2011	`CommonStockValue`	$89.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$763.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$768.76M	USD	Point-in-time
Treasury stock, 15,842,364 and 12,517,538 shares at July 31, 2011 and January 31, 2011	`TreasuryStockValue`	$466.63M	USD	Point-in-time
Treasury stock, 15,842,364 and 12,517,538 shares at July 31, 2011 and January 31, 2011	`TreasuryStockValue`	$632.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$1.55B	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$1.45B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$446.03M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$358.88M	USD	Point-in-time
Equity attributable to shareholders of Tech Data Corporation	`StockholdersEquity`	$2.13B	USD	Point-in-time
Equity attributable to shareholders of Tech Data Corporation	`StockholdersEquity`	$2.11B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$23.96M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$26.81M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.14B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.16B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.20B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.49B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$5.47B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$6.45B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$11.10B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$12.78B	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$6.11B	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$10.51B	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$12.11B	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$5.19B	USD	1 Quarter
Gross profit	`GrossProfit`	$287.54M	USD	1 Quarter
Gross profit	`GrossProfit`	$674.30M	USD	2 Qtrs
Gross profit	`GrossProfit`	$580.34M	USD	2 Qtrs
Gross profit	`GrossProfit`	$340.84M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$221.78M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$445.10M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$262.06M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$519.84M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$154.46M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$135.24M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$78.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$65.76M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.09M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.92M	USD	2 Qtrs
Interest expense	`InterestExpense`	$7.33M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.73M	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$212.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-454.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$94.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$370.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$58.52M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$121.70M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$70.90M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$137.27M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.69M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$35.22M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$36.80M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.14M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$86.48M	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$40.83M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$51.76M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$100.48M	USD	2 Qtrs
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.65M	USD	1 Quarter
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.67M	USD	2 Qtrs
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-12.00K	USD	2 Qtrs
Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-23.00K	USD	1 Quarter
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`	$98.81M	USD	2 Qtrs
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$50.11M	USD	1 Quarter
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$40.85M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.71	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.82	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.11	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.14	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.11	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.70	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	50.54M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	49.61M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.10M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.13M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.74M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.60M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.99M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.01M	shares	2 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Cash received from customers	`ProceedsFromCustomers`	$12.95B	USD	2 Qtrs
Cash received from customers	`ProceedsFromCustomers`	$11.27B	USD	2 Qtrs
Cash paid to vendors and employees	`PaymentsToSuppliersAndEmployees`	$11.20B	USD	2 Qtrs
Cash paid to vendors and employees	`PaymentsToSuppliersAndEmployees`	$12.64B	USD	2 Qtrs
Interest paid, net	`InterestPaidNet`	$9.82M	USD	2 Qtrs
Interest paid, net	`InterestPaidNet`	$7.71M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$28.92M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$44.06M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$33.47M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$250.13M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$11.60M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.26M	USD	2 Qtrs
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.98M	USD	2 Qtrs
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.61M	USD	2 Qtrs
Software and software development costs	`PaymentsForSoftware`	$14.07M	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`	$-22.31M	USD	2 Qtrs
Proceeds from the reissuance of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$28.47M	USD	2 Qtrs
Proceeds from the reissuance of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$1.19M	USD	2 Qtrs
Cash paid for purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$166.55M	USD	2 Qtrs
Cash paid for purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$200.00M	USD	2 Qtrs
Net (repayments) borrowings on revolving credit loans	`ProceedsFromRepaymentsOfLinesOfCredit`	$10.27M	USD	2 Qtrs
Net (repayments) borrowings on revolving credit loans	`ProceedsFromRepaymentsOfLinesOfCredit`	$-19.90M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$222.00K	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$268.00K	USD	2 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.87M	USD	2 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.08M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-189.83M	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`	$27.21M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-29.85M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-176.52M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$65.20M	USD	2 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$905.14M	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`	$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`	$905.14M	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`	$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`	$86.49M	USD	2 Qtrs
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$98.81M	USD	2 Qtrs
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$50.11M	USD	1 Quarter
Net income attributable to shareholders of Tech Data Corporation	`NetIncomeLoss`	$40.85M	USD	1 Quarter
Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.65M	USD	1 Quarter
Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.67M	USD	2 Qtrs
Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-12.00K	USD	2 Qtrs
Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-23.00K	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$86.48M	USD	2 Qtrs
Consolidated net income	`ProfitLoss`	$40.83M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$51.76M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$100.48M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$21.95M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$14.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$28.94M	USD	2 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$6.42M	USD	2 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$3.09M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.66M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.71M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$5.18M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$5.11M	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`	$1.87M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-175.05M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-158.09M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$118.71M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-394.67M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.29M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$22.05M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-132.93M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-342.68M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.67M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-82.19M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$149.66M	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`	$250.13M	USD	2 Qtrs

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