01—Abstract
Summary
Summary of the 10-K/A filed January 21, 2010. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment to Becton, Dickinson and Company's (BDX) Form 10-K for the fiscal year ended September 30, 2009.
The amendment's sole purpose is to provide the "Valuation and Qualifying Accounts" (Schedule II) in interactive data format, which was inadvertently omitted from the original filing. For investors, this means the core financial performance and strategic information remain as detailed in the original 10-K.
The company, a large accelerated filer, had a significant market capitalization of approximately $16 billiona as of March 31, 2009, indicating its substantial size and established market presence. This amendment does not introduce new financial data or strategic changes but rather addresses a technical filing requirement.
02—Key points
Key Highlights
- This filing is an amendment (10-K/A) to the original Form 10-K for the fiscal year ended September 30, 2009.
- The amendment's exclusive purpose is to furnish Schedule II (Valuation and Qualifying Accounts) in interactive data format.
- The original Form 10-K was filed on November 25, 2009.
- Becton Dickinson and Company is classified as a large accelerated filer.
- As of March 31, 2009, the aggregate market value of common stock held by non-affiliates was approximately $16.06 billion.
- As of October 31, 2009, the company had 237,118,874 shares of common stock outstanding.
- The amendment addresses a technical omission and does not alter previously reported financial or operational information.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2009, Becton Dickinson & Co kept $0.18.
- Revenue$6.99B100.0%
- Cost of revenue−$3.31B47.4%
- Gross profit$3.68B52.6%
- Operating costs−$2.09B29.8%
- Operating income$1.59B22.8%
- Interest, other & tax−$358.1M5.1%
- Net income$1.23B17.6%
Where FY2009 revenue went
$6.99B- Cost of revenue: $3.31B, 47% of revenue
- SG&A: $1.68B, 24% of revenue
- Net income: $1.23B, 18% of revenue
- R&D: $404.6M, 5.8% of revenue
- Interest, other & tax: $358.1M, 5.1% of revenue
Kept 18% as net income
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2009filed January 21, 2010Financial Statements
FY2009 against FY2008
| Line item | FY2009FY2008 | Change |
|---|---|---|
| Revenue | $6.99B$6.90B | +1.3% |
| Cost of Revenue | $3.31B$3.36B | −1.4% |
| Gross Profit | $3.68B$3.54B | +3.8% |
| R&D Expenses | $404.57M— | — |
| SG&A Expenses | $1.68B$1.67B | +0.7% |
| Operating Expenses | $5.40B$5.41B | −0.2% |
| Operating Income | $1.59B$1.49B | +6.8% |
| Interest Expense | $40.39M$36.34M | +11.1% |
| Net Income | $1.23B$1.13B | +9.3% |
| EPS (Basic) | $5.12$4.61 | +11.1% |
| EPS (Diluted) | $4.99$4.46 | +11.9% |
| Shares Outstanding (Basic) | 240.48M244.32M | −1.6% |
| Shares Outstanding (Diluted) | 246.80M252.68M | −2.3% |
05—Questions
Frequently Asked Questions
What is the primary reason for this 10-K/A filing?
This filing is an amendment to the original Form 10-K for the fiscal year ended September 30, 2009. The sole purpose is to provide Schedule II, 'Valuation and Qualifying Accounts,' in interactive data format, which was mistakenly omitted from the original electronic submission.
Does this amendment change BDX's financial performance or business operations for fiscal year 2009?
No, this amendment is purely technical and does not introduce any new financial data, disclosures about financial performance, or changes to the company's business operations. It only corrects a submission error regarding a specific schedule in an interactive data format.
What does it mean that BDX is a 'large accelerated filer'?
Being a large accelerated filer indicates that BDX is a well-established, publicly traded company with a significant market capitalization (over $700 million as of the filing date) and a history of timely SEC filings. This classification implies a certain level of financial robustness and transparency expected by investors.
How does this filing affect an investor's understanding of BDX's financial health in 2009?
This specific amendment has no impact on an investor's understanding of BDX's financial health or performance. Investors should refer to the original Form 10-K filed on November 25, 2009, for comprehensive financial statements, management's discussion and analysis, and risk factors.
06—Continue