10-Q Filing

ST JUDE MEDICAL INC CIK: 203077 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0000897101-11-000820`
Period End Date	20110331
Filing Date	20110511
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	stj-20110402.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 29 Cash Flow Statement 59

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$35.35M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$37.94M	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`	$500.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$392.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$529.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$663.80M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $37,939 at April 2, 2011 and $35,354 at January 1, 2011	`AccountsReceivableNetCurrent`	$1.38B	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $37,939 at April 2, 2011 and $35,354 at January 1, 2011	`AccountsReceivableNetCurrent`	$1.33B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Inventories	`InventoryNet`	$667.54M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Inventories	`InventoryNet`	$696.86M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$196.60M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$199.47M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$216.46M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$191.40M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	327.13M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	329.02M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.91B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	327.13M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	329.02M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.13B	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.30B	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.22B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$943.26M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$900.42M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$1.32B	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$1.35B	USD	Point-in-time
Goodwill	`Goodwill`	$2.96B	USD	Point-in-time
Goodwill	`Goodwill`	$2.98B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$987.06M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$968.01M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$405.26M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$387.71M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.84B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.57B	USD	Point-in-time
Current debt obligations	`DebtCurrent`	$79.64M	USD	Point-in-time
Current debt obligations	`DebtCurrent`	$78.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$297.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$276.41M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$68.65M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$15.26M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Employee compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$280.57M	USD	Point-in-time
Employee compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$320.32M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$319.74M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$247.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$967.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.02B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.43B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.56B	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$310.54M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$310.50M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$462.96M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$435.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.19B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.30B	USD	Point-in-time
Preferred stock ($1.00 par value; 25,000,000 shares authorized; none outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock ($1.00 par value; 25,000,000 shares authorized; none outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Common stock ($0.10 par value; 500,000,000 shares authorized; 327,130,490 and 329,018,166 shares issued and outstanding at April 2, 2011 and January 1, 2011, respectively)	`CommonStockValueOutstanding`	$32.71M	USD	Point-in-time
Common stock ($0.10 par value; 500,000,000 shares authorized; 327,130,490 and 329,018,166 shares issued and outstanding at April 2, 2011 and January 1, 2011, respectively)	`CommonStockValueOutstanding`	$32.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$169.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$156.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.10B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.16B	USD	Point-in-time
Cumulative translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$68.90M	USD	Point-in-time
Cumulative translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$155.96M	USD	Point-in-time
Unrealized gain on available-for-sale securities	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$15.11M	USD	Point-in-time
Unrealized gain on available-for-sale securities	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$16.99M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$4.37B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$4.54B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$8.84B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$8.57B	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.26B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.38B	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$364.44M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$321.17M	USD	1 Quarter
Gross profit	`GrossProfit`	$940.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.01B	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$513.32M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$443.29M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$151.23M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$175.73M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$346.01M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$322.02M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-20.32M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-26.45M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$295.57M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$325.69M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$62.14M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$87.12M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$233.43M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$238.57M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.72	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Cash dividends declared per share:	`CommonStockDividendsPerShareCashPaid`	$0.21	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	325.31M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	325.26M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	328.88M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	328.06M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$233.43M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$238.57M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$72.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$58.82M	USD	1 Quarter
Amortization of debt discount (premium)	`AmortizationOfDebtDiscountPremium`	$217.00K	USD	1 Quarter
Amortization of debt discount (premium)	`AmortizationOfDebtDiscountPremium`	$-1.35M	USD	1 Quarter
Inventory step-up amortization	`InventoryStepUpAmortization`	$14.82M	USD	1 Quarter
Inventory step-up amortization	`InventoryStepUpAmortization`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$17.79M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$19.00M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$4.62M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$4.14M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$4.08M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-5.57M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.03M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$69.71M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$32.64M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$36.92M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.06M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-30.95M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-98.04M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-72.78M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$23.17M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$57.81M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$192.47M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$238.82M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$75.58M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$69.49M	USD	1 Quarter
Business acquisition payments, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$34.30M	USD	1 Quarter
Business acquisition payments, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$2.20M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$3.23M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-72.72M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-112.08M	USD	1 Quarter
Proceeds from exercise of stock options and stock issued	`ProceedsFromStockOptionsExercised`	$41.11M	USD	1 Quarter
Proceeds from exercise of stock options and stock issued	`ProceedsFromStockOptionsExercised`	$160.41M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.62M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.14M	USD	1 Quarter
Common stock repurchased, including related costs	`PaymentsForRepurchaseOfCommonStock`	$309.20M	USD	1 Quarter
Change in short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	1 Quarter
Change in short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-108.00M	USD	1 Quarter
Issuances of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$447.05M	USD	1 Quarter
Issuances of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$135.40M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$324.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$60.79M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.25M	USD	1 Quarter
Effect of currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.61M	USD	1 Quarter
Effect of currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.23M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$163.46M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$136.95M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$663.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$392.93M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$500.34M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$529.87M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$392.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$500.34M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$663.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$529.87M	USD	Point-in-time

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