10-Q/A Filing

MEDTRONIC INC CIK: 64670 Q1 2011

Filing Information

Form Type	10-Q/A
Accession Number	`0000897101-10-001866`
Period End Date	20100731
Filing Date	20100924
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	mdt-20100730.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 68

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Allowances for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$65.00M	USD	Point-in-time
Allowances for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$67.00M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.36B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.02B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.27B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$2.55B	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$2.38B	USD	Point-in-time
Accounts receivable, less allowances of $65 and $67, respectively	`ReceivablesNetCurrent`	$3.33B	USD	Point-in-time
Accounts receivable, less allowances of $65 and $67, respectively	`ReceivablesNetCurrent`	$3.23B	USD	Point-in-time
Inventories	`InventoryNet`	$1.48B	USD	Point-in-time
Inventories	`InventoryNet`	$1.58B	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetCurrent`	$558.00M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetCurrent`	$544.00M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$715.00M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$704.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.84B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.00B	USD	Point-in-time
Property, plant, and equipment	`PropertyPlantAndEquipmentGross`	$5.36B	USD	Point-in-time
Property, plant, and equipment	`PropertyPlantAndEquipmentGross`	$5.43B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.01B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.94B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$2.42B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$2.42B	USD	Point-in-time
Goodwill	`Goodwill`	$8.39B	USD	Point-in-time
Goodwill	`Goodwill`	$8.39B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.51B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.56B	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$4.63B	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$5.06B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$248.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$281.00M	USD	Point-in-time
Total assets	`Assets`	$28.66B	USD	Point-in-time
Total assets	`Assets`	$28.09B	USD	Point-in-time
Short-term borrowings	`DebtCurrent`	$3.43B	USD	Point-in-time
Short-term borrowings	`DebtCurrent`	$2.58B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$410.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$420.00M	USD	Point-in-time
Accrued compensation	`AccruedCompensation`	$1.00B	USD	Point-in-time
Accrued compensation	`AccruedCompensation`	$680.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$235.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$197.00M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$896.00M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$890.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.61B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.12B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$6.94B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$7.08B	USD	Point-in-time
Long-term accrued compensation and retirement benefits	`LongTermAccruedCompensationAndRetirementBenefits`	$516.00M	USD	Point-in-time
Long-term accrued compensation and retirement benefits	`LongTermAccruedCompensationAndRetirementBenefits`	$481.00M	USD	Point-in-time
Long-term accrued income taxes	`AccruedIncomeTaxesNoncurrent`	$595.00M	USD	Point-in-time
Long-term accrued income taxes	`AccruedIncomeTaxesNoncurrent`	$634.00M	USD	Point-in-time
Long-term deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$42.00M	USD	Point-in-time
Long-term deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$89.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$196.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$211.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.46B	USD	Point-in-time
Total liabilities	`Liabilities`	$14.06B	USD	Point-in-time
Preferred stock-par value $1.00	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock-par value $1.00	`PreferredStockValue`	-	USD	Point-in-time
Common stock-par value $0.10	`CommonStockValue`	$108.00M	USD	Point-in-time
Common stock-par value $0.10	`CommonStockValue`	$110.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$14.85B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$14.83B	USD	Point-in-time
Accumulated Other Comprehensive Income Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-353.00M	USD	Point-in-time
Accumulated Other Comprehensive Income Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-307.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$14.63B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$14.60B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$28.66B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$28.09B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$3.77B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$3.93B	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$966.00M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$893.00M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$370.00M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$370.00M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.37B	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.33B	USD	1 Quarter
Restructuring Charges	`RestructuringCharges`	-	USD	1 Quarter
Restructuring Charges	`RestructuringCharges`	$62.00M	USD	1 Quarter
Certain litigation charges, net	`CertainLitigationCharges`	-	USD	1 Quarter
Certain litigation charges, net	`CertainLitigationCharges`	$444.00M	USD	1 Quarter
IPR&D charges and certain acquisition-related costs	`PurchasedInProcessResearchAndDevelopmentCharges`	$15.00M	USD	1 Quarter
IPR&D charges and certain acquisition-related costs	`PurchasedInProcessResearchAndDevelopmentCharges`	-	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-47.00M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-96.00M	USD	1 Quarter
Interest expense, net	`InterestExpenseIncomeNet`	$74.00M	USD	1 Quarter
Interest expense, net	`InterestExpenseIncomeNet`	$66.00M	USD	1 Quarter
Total costs and expenses	`TotalCostsAndExpenses`	$3.37B	USD	1 Quarter
Total costs and expenses	`TotalCostsAndExpenses`	$2.73B	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$561.00M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.04B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$210.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$116.00M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$830.00M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$445.00M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.76	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.76	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	1.09B	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	1.11B	shares	1 Quarter
Diluted - weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.11B	shares	1 Quarter
Diluted - weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.09B	shares	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.23	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$445.00M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$830.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$187.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$188.00M	USD	1 Quarter
Amortization of discount on senior convertible notes	`AmortizationOfDebtDiscountPremium`	$43.00M	USD	1 Quarter
Amortization of discount on senior convertible notes	`AmortizationOfDebtDiscountPremium`	$43.00M	USD	1 Quarter
Purchased in process research and development charges	`PurchasedInProcessResearchAndDevelopmentCharges`	$15.00M	USD	1 Quarter
Purchased in process research and development charges	`PurchasedInProcessResearchAndDevelopmentCharges`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-22.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$68.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$49.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$62.00M	USD	1 Quarter
Excess tax benefit from exercise of stock-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Excess tax benefit from exercise of stock-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-37.00M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-68.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$73.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$35.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-322.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-136.00M	USD	1 Quarter
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-30.00M	USD	1 Quarter
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.00M	USD	1 Quarter
Certain litigation charges, net	`CertainLitigationCharges`	$444.00M	USD	1 Quarter
Certain litigation charges, net	`CertainLitigationCharges`	-	USD	1 Quarter
Certain litigation payments	`CertainLitigationPaymentsReceipts`	$494.00M	USD	1 Quarter
Certain litigation payments	`CertainLitigationPaymentsReceipts`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$805.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$621.00M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$62.00M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$108.00M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$150.00M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$1.75B	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$1.16B	USD	1 Quarter
Sales and maturities of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$1.18B	USD	1 Quarter
Sales and maturities of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$860.00M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$83.00M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$55.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-789.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-529.00M	USD	1 Quarter
Change in short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$148.00M	USD	1 Quarter
Change in short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$816.00M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$6.00M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$2.00M	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$228.00M	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$245.00M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$36.00M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$25.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$344.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$640.00M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-46.00M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-394.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$53.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-249.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-36.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.27B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.36B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.02B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.27B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.36B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.02B	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$68.00M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$261.00M	USD	1 Quarter
Interest paid	`InterestPaid`	$60.00M	USD	1 Quarter
Interest paid	`InterestPaid`	$58.00M	USD	1 Quarter

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