10-Q Filing

MEDTRONIC INC CIK: 64670 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000897101-11-001555`
Period End Date	20110731
Filing Date	20110907
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	mdt-20110729.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 34 Cash Flow Statement 70

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Allowances for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$97.00M	USD	Point-in-time
Allowances for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$100.00M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.39B	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$1.05B	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$1.13B	USD	Point-in-time
Accounts receivable, less allowances of $100 and $97, respectively	`ReceivablesNetCurrent`	$3.75B	USD	Point-in-time
Accounts receivable, less allowances of $100 and $97, respectively	`ReceivablesNetCurrent`	$3.82B	USD	Point-in-time
Inventories	`InventoryNet`	$1.70B	USD	Point-in-time
Inventories	`InventoryNet`	$1.81B	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetCurrent`	$610.00M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNetCurrent`	$605.00M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$601.00M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$567.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.12B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.29B	USD	Point-in-time
Property, plant, and equipment	`PropertyPlantAndEquipmentGross`	$5.94B	USD	Point-in-time
Property, plant, and equipment	`PropertyPlantAndEquipmentGross`	$5.82B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.42B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.31B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$2.51B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$2.52B	USD	Point-in-time
Goodwill	`Goodwill`	$9.54B	USD	Point-in-time
Goodwill	`Goodwill`	$9.54B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.69B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.78B	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$6.66B	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$6.12B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$362.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$394.00M	USD	Point-in-time
Total assets	`Assets`	$31.09B	USD	Point-in-time
Total assets	`Assets`	$30.42B	USD	Point-in-time
Short-term borrowings	`DebtCurrent`	$1.72B	USD	Point-in-time
Short-term borrowings	`DebtCurrent`	$1.86B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$511.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$537.00M	USD	Point-in-time
Accrued compensation	`AccruedCompensation`	$683.00M	USD	Point-in-time
Accrued compensation	`AccruedCompensation`	$896.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$50.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$184.00M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$1.53B	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$1.54B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.71B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.80B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$8.11B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$8.20B	USD	Point-in-time
Long-term accrued compensation and retirement benefits	`LongTermAccruedCompensationAndRetirementBenefits`	$489.00M	USD	Point-in-time
Long-term accrued compensation and retirement benefits	`LongTermAccruedCompensationAndRetirementBenefits`	$480.00M	USD	Point-in-time
Long-term accrued income taxes	`AccruedIncomeTaxesNoncurrent`	$566.00M	USD	Point-in-time
Long-term accrued income taxes	`AccruedIncomeTaxesNoncurrent`	$496.00M	USD	Point-in-time
Long-term deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$279.00M	USD	Point-in-time
Long-term deferred tax liabilities, net	`DeferredTaxLiabilitiesNoncurrent`	$220.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$417.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$434.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.75B	USD	Point-in-time
Total liabilities	`Liabilities`	$14.46B	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`	$107.00M	USD	Point-in-time
Common stock-par value $0.10	`CommonStockValue`	$106.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.32B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.09B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-224.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-85.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$16.34B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$15.97B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$30.42B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$31.09B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$4.05B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$3.77B	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$1.01B	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$893.00M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$371.00M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$370.00M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.33B	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.41B	USD	1 Quarter
Acquisition-related items	`PurchasedInProcessResearchAndDevelopmentChargesAndCertainAcquistionRelatedCosts`	$15.00M	USD	1 Quarter
Acquisition-related items	`PurchasedInProcessResearchAndDevelopmentChargesAndCertainAcquistionRelatedCosts`	$13.00M	USD	1 Quarter
Amortization Of Intangible Assets	`AmortizationOfIntangibleAssets`	$82.00M	USD	1 Quarter
Amortization Of Intangible Assets	`AmortizationOfIntangibleAssets`	$88.00M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-109.00M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$35.00M	USD	1 Quarter
Interest expense, net	`InterestExpenseIncomeNet`	$74.00M	USD	1 Quarter
Interest expense, net	`InterestExpenseIncomeNet`	$32.00M	USD	1 Quarter
Total costs and expenses	`TotalCostsAndExpenses`	$2.73B	USD	1 Quarter
Total costs and expenses	`TotalCostsAndExpenses`	$3.03B	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.04B	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.02B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$210.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$201.00M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$830.00M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$821.00M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.76	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.77	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`	1.06B	shares	1 Quarter
Diluted - weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.07B	shares	1 Quarter
Diluted - weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.09B	shares	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.24	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.23	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$830.00M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$821.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$211.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$187.00M	USD	1 Quarter
Amortization of discount on senior convertible notes	`AmortizationOfDebtDiscountPremium`	$21.00M	USD	1 Quarter
Amortization of discount on senior convertible notes	`AmortizationOfDebtDiscountPremium`	$43.00M	USD	1 Quarter
Acquisition-related items	`PurchasedInProcessResearchAndDevelopmentCharges`	$15.00M	USD	1 Quarter
Acquisition-related items	`PurchasedInProcessResearchAndDevelopmentCharges`	$8.00M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.00M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$7.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$11.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-22.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$49.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$41.00M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-63.00M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-67.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$73.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$94.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-322.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-361.00M	USD	1 Quarter
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-383.00M	USD	1 Quarter
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-30.00M	USD	1 Quarter
Certain litigation charges, net	`CertainLitigationCharges`	-	USD	1 Quarter
Certain litigation charges, net	`CertainLitigationCharges`	-	USD	1 Quarter
Certain litigation payments	`CertainLitigationPaymentsReceipts`	-	USD	1 Quarter
Certain litigation payments	`CertainLitigationPaymentsReceipts`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.11B	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$805.00M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$62.00M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$7.00M	USD	1 Quarter
Purchase of intellectual property	`PurchaseOfIntellectualProperty`	$1.00M	USD	1 Quarter
Purchase of intellectual property	`PurchaseOfIntellectualProperty`	-	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$130.00M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$108.00M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$1.75B	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$2.02B	USD	1 Quarter
Sales and maturities of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$1.18B	USD	1 Quarter
Sales and maturities of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$1.60B	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$38.00M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$55.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-597.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-789.00M	USD	1 Quarter
Change in short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$128.00M	USD	1 Quarter
Change in short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$816.00M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$2.00M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$245.00M	USD	1 Quarter
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$257.00M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$25.00M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$32.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$400.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$640.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-497.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-46.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-10.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-36.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.39B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	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`	$1.40B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.39B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.38B	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`	$1.40B	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$9.00M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$261.00M	USD	1 Quarter
Interest paid	`InterestPaid`	$30.00M	USD	1 Quarter
Interest paid	`InterestPaid`	$60.00M	USD	1 Quarter

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