01—Abstract
Summary
Summary of the 10-K/A filed November 19, 2010. Cited figures are marked; the original filing is the authoritative source.
This filing represents an amendment (10-K/A) to TransDigm Group Incorporated's annual report for the fiscal year ended September 30, 2010.
The primary purpose of this amendment is to modify the exhibit list, specifically adding an exhibit reference. It does not alter any other financial or operational disclosures from the original Form 10-K filed on November 15, 2010. Investors should refer to the original filing for comprehensive financial and operational details.
As this is an amendment focused solely on exhibits, it provides limited new insights into the company's performance or strategic direction. However, it confirms the company's status as a large accelerated filer and its active compliance with SEC filing requirements. The listed exhibits primarily relate to corporate structure, agreements, and various debt instruments, including significant supplemental indentures related to their credit facility, reflecting the company's capital structure and financing activities around that period.
02—Key points
Key Highlights
- This document is an amendment (10-K/A) to TransDigm's 2010 Form 10-K, primarily to update the exhibit list.
- No other financial or operational disclosures from the original filing are amended or updated.
- TransDigm Group Incorporated is confirmed as a large accelerated filer.
- The filing includes a comprehensive list of exhibits, many of which are incorporated by reference from previous filings (8-Ks, S-1s, 10-Ks, 10-Qs).
- Key exhibits relate to corporate formation documents, merger agreements, stock purchase agreements, employment agreements, stock plans, and various indentures and credit agreements.
- The extensive list of supplemental indentures and joinder agreements points to active debt management and financing activities for the company and its subsidiaries.
- The filing confirms the aggregate market value of common stock held by non-affiliates as of April 3, 2010, was approximately $2.62 billion.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2010, TransDigm Group kept $0.20.
- Revenue$827.7M100.0%
- Cost of revenue−$354.6M42.8%
- Gross profit$473.1M57.2%
- Operating costs−$110.0M13.3%
- Operating income$363.1M43.9%
- Interest, other & tax−$199.6M24.1%
- Net income$163.4M19.7%
Where FY2010 revenue went
$827.7M- Cost of revenue: $354.6M, 43% of revenue
- Interest, other & tax: $199.6M, 24% of revenue
- Net income: $163.4M, 20% of revenue
- R&D: $13.9M, 1.7% of revenue
- SG&A: $94.9M, 11% of revenue
Kept 20% as net incomeR&D $13.9M · 1.7%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2010filed November 19, 2010Financial Statements
FY2010 against FY2009
| Line item | FY2010FY2009 | Change |
|---|---|---|
| Revenue | $827.65M$761.55M | +8.7% |
| Cost of Revenue | $354.59M$332.21M | +6.7% |
| Gross Profit | $473.07M$429.35M | +10.2% |
| R&D Expenses | $13.90M$12.60M | +10.3% |
| SG&A Expenses | $94.92M$80.02M | +18.6% |
| Operating Expenses | $110.00M$93.95M | +17.1% |
| Operating Income | $363.07M$335.40M | +8.2% |
| Net Income | $163.44M$162.90M | +0.3% |
| EPS (Basic) | $2.52$3.10 | −18.7% |
| Shares Outstanding (Basic) | 52.92M— | — |
05—Questions
Frequently Asked Questions
What is the main purpose of this Form 10-K/A filing?
The main purpose of this filing is to amend TransDigm Group Incorporated's original Form 10-K for the fiscal year ended September 30, 2010, specifically to modify and add to the exhibit list. No other financial or operational disclosures from the original filing have been changed.
Does this filing provide updated financial or operational performance data for TransDigm?
No, this filing is an amendment solely for the exhibit list and does not contain updated financial or operational performance data. Investors should refer to the original Form 10-K filed on November 15, 2010, for detailed financial and operational information.
What type of company is TransDigm Group Incorporated based on this filing?
Based on this filing, TransDigm Group Incorporated is categorized as a 'large accelerated filer,' indicating it meets certain thresholds for market capitalization and filing history.
What can be inferred about TransDigm's financial activities from the listed exhibits?
The extensive list of exhibits, particularly the numerous supplemental indentures and joinder agreements related to credit facilities, suggests that TransDigm has been actively managing its debt and financing structure, likely involving multiple acquisitions or refinancing activities during or prior to the reporting period.
06—Continue