Nokia Financials

Annual Financials for Nokia Corp. ADS

View Ratios

Assets

Fiscal year is January-December. All values EUR millions. 2007 2008 2009

Cash & Short Term Investments 11.99B 7.85B 9.2B

Cash Only 2.13B 1.71B 1.14B

Short-Term Investments 9.87B 6.15B 8.06B

Cash & Short Term Investments Growth - -34.51% 17.16%

Cash & ST Investments / Total Assets 31.89% 19.84% 25.75%

Total Accounts Receivable 10.98B 9.48B 7.92B

Accounts Receivables, Net 11.2B 9.44B 7.98B

Accounts Receivables, Gross 11.53B 9.86B 8.37B

Bad Debt/Doubtful Accounts (332M) (415M) (391M)

Other Receivables (225M) 31M (59M)

Accounts Receivable Growth - -13.67% -16.39%

Accounts Receivable Turnover 4.65 5.35 5.17

Inventories 2.88B 2.53B 1.87B

Finished Goods 1.23B 1.27B 775M

Work in Progress 1.06B 744M 681M

Raw Materials 591M 519M 409M

Progress Payments & Other 0 0 0

Other Current Assets 3.07B 4.54B 4.55B

Miscellaneous Current Assets 3.07B 4.54B 4.55B

Total Current Assets 28.91B 24.4B 23.54B

2007 2008 2009

Net Property, Plant & Equipment 1.91B 2.09B 1.87B

Property, Plant & Equipment - Gross 5.27B 5.65B 5.45B

Buildings 1.01B 1.27B 1.31B

Land & Improvements 73M 60M 59M

Computer Software and Equipment - - -

Other Property, Plant & Equipment 20M 30M 47M

Accumulated Depreciation 3.36B 3.56B 3.58B

Total Investments and Advances 666M 608M 623M

Other Long-Term Investments 341M 512M 554M

Long-Term Note Receivable 391M 97M 125M

Intangible Assets 4.12B 10.41B 8.08B

Net Goodwill 1.38B 6.26B 5.17B

Net Other Intangibles 2.74B 4.16B 2.91B

Other Assets 44M 10M 0

Tangible Other Assets 44M 10M 0

Total Assets 37.6B 39.58B 35.74B

Assets - Total - Growth - 5.27% -9.71%

Liabilities & Shareholders' Equity

2007 2008 2009

ST Debt & Current Portion LT Debt 887M 3.59B 771M

Short Term Debt 714M 3.58B 727M

Current Portion of Long Term Debt 173M 13M 44M

Accounts Payable 7.07B 5.23B 4.95B

Accounts Payable Growth - -26.14% -5.26%

Income Tax Payable - - -

Other Current Liabilities 11.02B 11.54B 9.47B

Dividends Payable - - -

Accrued Payroll 865M 665M 474M

Miscellaneous Current Liabilities 10.15B 10.87B 8.99B

Total Current Liabilities 18.98B 20.36B 15.19B

Long-Term Debt 203M 861M 4.43B

Long-Term Debt excl. Capitalized Leases 203M 861M 4.43B

Non-Convertible Debt 203M 861M 4.43B

Convertible Debt 0 0 0

Capitalized Lease Obligations 0 0 0

Provision for Risks & Charges 0 0 0

Deferred Taxes (590M) (176M) (204M)

Deferred Taxes - Credit 963M 1.79B 1.3B

Deferred Taxes - Debit 1.55B 1.96B 1.51B

Other Liabilities 119M 69M 66M

Other Liabilities (excl. Deferred Income) 119M 69M 66M

Deferred Income - - -

Total Liabilities 20.26B 23.07B 20.99B

Non-Equity Reserves 0 0 0

Total Liabilities / Total Assets 53.89% 58.29% 58.73%

Preferred Stock (Carrying Value) 0 0 0

Redeemable Preferred Stock 0 0 0

Non-Redeemable Preferred Stock 0 0 0

Common Equity (Total) 14.77B 14.21B 13.09B

Common Stock Par/Carry Value 246M 246M 246M

Retained Earnings 13.87B 11.69B 10.13B

ESOP Debt Guarantee 0 0 0Cumulative Translation Adjustment/Unrealized For.

Exch. Gain (163M) 341M (127M)

Unrealized Gain/Loss Marketable Securities 23M 62M 69M

Revaluation Reserves - - -

Treasury Stock (3.15B) (1.88B) (681M)

Common Equity / Total Assets 39.29% 35.90% 36.62%

Total Shareholders' Equity 14.77B 14.21B 13.09B

Total Shareholders' Equity / Total Assets 39.29% 35.90% 36.62%

Accumulated Minority Interest 2.57B 2.3B 1.66B

Total Equity 17.34B 16.51B 14.75B

Liabilities & Shareholders' Equity 37.6B 39.58B 35.74B

2010 20115-year

trend

12.65B 11.4B

1.95B -

10.7B -

37.50% -9.89%

32.34% 31.49%

7.61B -

7.57B -

7.93B -

(363M) -

39M -

-3.95% -

5.58 -

2.52B -

1.12B -

642M -

762M -

0 -

4.36B 14.05B

4.36B 14.05B

27.15B 25.46B

2010 20115-year

trend1.95B 1.84B

5.63B -

1.41B -

57M -

- -

56M -

3.68B -

673M -

537M -

64M -

7.69B 6.25B

5.72B -

1.97B -

0 810M

0 -

39.12B 36.21B

9.47% -7.46%

2010 20115-year

trend1.04B 1.35B

921M 1.35B

116M -

6.1B -

23.25% -

1.59B -

8.82B 16.09B

0 -

619M -

8.2B 16.09B

17.54B 17.44B

4.24B 3.97B

4.24B 3.97B

4.24B -

0 -

0 0

0 -

(574M) (1.05B)

1.02B 800M

1.6B 1.85B

88M 76M

88M 76M

- -

22.89B 22.29B

0 -

58.51% 61.56%

0 0

0 -

0 -

14.38B 11.87B

246M -

10.5B -

0 -

798M -

30M -

0 -

(663M) -

36.77% 32.79%

14.38B 11.87B

36.77% 32.79%

1.85B 2.04B

16.23B 13.92B

39.12B 36.21B


View Ratios

Fiscal year is January-December. All values EUR

millions.2007 2008 2009

Sales/Revenue 51.06B 50.71B 40.98B

Sales Growth - -0.68% -19.18%

Cost of Goods Sold (COGS) incl. D&A 34.34B 34.26B 29.09B

COGS excluding D&A 33.13B 32.64B 27.3B

Depreciation & Amortization Expense 1.21B 1.62B 1.78B

Depreciation 579M 723M 603M

Amortization of Intangibles 627M 894M 1.18B

COGS Growth - -0.24% -15.09%

Gross Income 16.72B 16.46B 11.9B

Gross Income Growth - -1.58% -27.70%

Gross Profit Margin - - -

2007 2008 2009

SG&A Expense 9.57B 10.12B 9.32B

Research & Development 4.69B 5.14B 4.97B

Other SG&A 4.89B 4.97B 4.35B

SGA Growth - 5.72% -7.84%

Other Operating Expense 218M 417M 236M

Unusual Expense (626M) 1.47B 1.83B

EBIT after Unusual Expense 626M (1.47B) (1.83B)

Non Operating Income/Expense 371M 342M 562M

Non-Operating Interest Income 339M 353M 101M

Equity in Affiliates (Pretax) 44M 6M 30M

Interest Expense 43M 185M 243M

Interest Expense Growth - 330.23% 31.35%

Gross Interest Expense 43M 185M 243M

Interest Capitalized 0 0 0

Pretax Income 8.27B 4.97B 962M

Pretax Income Growth - -39.89% -80.64%

Pretax Margin - - -

Income Tax 1.52B 1.08B 702M

Income Tax - Current Domestic 2.21B 1.51B 736M

Income Tax - Current Foreign - - 0

Income Tax - Deferred Domestic (687M) (433M) (34M)

Income Tax - Deferred Foreign - - 0

Income Tax Credits 0 0 0

Equity in Affiliates - - 0

Other After Tax Income (Expense) 0 0 0

Consolidated Net Income 6.75B 3.89B 260M

Minority Interest Expense (459M) (99M) (631M)

Net Income 7.21B 3.99B 891M

Net Income Growth - -44.65% -77.66%

Net Margin Growth - - -

Extraordinaries & Discontinued Operations 0 0 0

Extra Items & Gain/Loss Sale Of Assets 0 0 0

Cumulative Effect - Accounting Chg 0 0 0

Discontinued Operations 0 0 0

Net Income After Extraordinaries 7.21B 3.99B 891M

Preferred Dividends 0 0 0

Net Income Available to Common 7.21B 3.99B 891M

EPS (Basic) 1.85 1.07 0.24

EPS (Basic) Growth - -42.16% -77.57%

Basic Shares Outstanding 3.89B 3.74B 3.71B

EPS (Diluted) 1.83 1.05 0.24

EPS (Diluted) Growth - -42.36% -77.31%

Diluted Shares Outstanding 3.93B 3.78B 3.72B

EBITDA 8.14B 7.54B 4.12B

2010 2011 5-year trend

42.45B 38.66B

3.57% -8.92%

30.98B 27.34B

29.21B 25.78B

1.77B 1.56B

599M -

1.17B -

6.50% -11.75%

11.47B 11.32B

-3.61% -1.29%

- 29.28% NA


9.24B -

4.96B -

4.28B -

-0.95% -

240M -

520M -

(520M) -

429M 221M

138M -

- -

254M 102M

4.53% -59.84%

254M 102M

0 -

1.79B (1.18B)

85.55% -165.83%

- -3.04% NA

443M 290M

798M -

- -

(355M) -

- -

0 -

1M (23M)

0 -

1.34B (1.49B)

(507M) (324M)

1.85B (1.16B)

107.63% -162.92%

- -3.01% NA

0 0

0 0

0 -

0 0

1.85B (1.16B)

0 0

1.85B (1.16B)

0.50 (0.31)

108.33% -162.00%

3.71B 3.71B

0.50 (0.31)

108.10% -162.99%

3.71B 3.71B

3.76B 268M


View Ratios

Operating ActivitiesFiscal year is January-December. All values EUR

millions.2007 2008 2009

Net Income before Extraordinaries 7.21B 3.99B 891M

Net Income Growth - -44.65% -77.66%

Depreciation, Depletion & Amortization 1.21B 1.62B 1.78B

Depreciation and Depletion 579M 723M 603M

Amortization of Intangible Assets 627M 894M 1.18B

Deferred Taxes & Investment Tax Credit - - -

Deferred Taxes - - -

Investment Tax Credit - - -

Other Funds (1.12B) 144M 434M

Funds from Operations 7.29B 5.75B 3.11B

Extraordinaries 0 0 0

Changes in Working Capital 605M (2.55B) 140M

Receivables (2.15B) (534M) 1.2B

Accounts Payable - 0 (1.7B)

Other Assets/Liabilities 3B (2.33B) 0

Net Operating Cash Flow 7.89B 3.2B 3.25B

Net Operating Cash Flow Growth - -59.42% 1.44%

Net Operating Cash Flow / Sales 15.46% 6.32% 7.93%

Investing Activities

2007 2008 2009

Capital Expenditures (872M) (1.02B) (558M)

Capital Expenditures (Fixed Assets) (715M) (889M) (531M)

Capital Expenditures (Other Assets) (157M) (131M) (27M)

Capital Expenditures Growth - -16.97% 45.29%

Capital Expenditures / Sales -1.71% -2.01% -1.36%

Net Assets from Acquisitions 0 (5.96B) (29M)

Sale of Fixed Assets & Businesses 325M 95M 161M

Purchase/Sale of Investments 37M 3.86B (1.73B)

Purchase of Investments (4.95B) (814M) (3.62B)

Sale/Maturity of Investments 4.99B 4.68B 1.89B

Other Uses (380M) (16M) 0

Other Sources 168M 129M 4M

Net Investing Cash Flow (722M) (2.91B) (2.15B)

Net Investing Cash Flow Growth - -303.19% 26.14%

Net Investing Cash Flow / Sales -1.41% -5.74% -5.25%

Financing Activities

2007 2008 2009

Cash Dividends Paid - Total (1.76B) (2.05B) (1.55B)

Common Dividends (1.76B) (2.05B) (1.55B)

Preferred Dividends 0 0 0

Change in Capital Stock (2.83B) (3.07B) 0

Repurchase of Common & Preferred Stk. (3.82B) (3.12B) 0

Sale of Common & Preferred Stock 987M 53M 0

Proceeds from Stock Options 0 0 0

Other Proceeds from Sale of Stock 987M 53M 0

Issuance/Reduction of Debt, Net 760M 3.57B 850M

Change in Current Debt 661M 2.89B (2.84B)

Change in Long-Term Debt 99M 680M 3.69B

Issuance of Long-Term Debt 115M 714M 3.9B

Reduction in Long-Term Debt (16M) (34M) (209M)

Other Funds 0 0 0

Other Uses 0 0 0

Other Sources 0 0 0

Net Financing Cash Flow (3.83B) (1.55B) (696M)

Net Financing Cash Flow Growth - 59.68% 54.95%

Net Financing Cash Flow / Sales -7.51% -3.05% -1.70%

Exchange Rate Effect (15M) (49M) (25M)

Miscellaneous Funds 0 0 0

Net Change in Cash 3.33B (1.3B) 378M

Free Cash Flow 5.42B 266M 1.17B


1.85B -

107.63% -

1.77B -

599M -

1.17B -

- -

- -

- -

(1.2B) -

2.43B 398M

0 -

2.35B -

1.28B -

- -

1.58B -

4.78B 1.14B

46.97% -76.19%

11.25% 2.94%


(679M) (597M)

(679M) (597M)

- -

-21.68% 12.08%

-1.60% -1.54%

(131M) -

162M -

(1.77B) -

(9.38B) -

7.6B -

(2M) -

2M -

(2.42B) 1.5B

-12.65% 161.89%

-5.71% 3.88%


(1.52B) -

(1.52B) -

0 -

1M -

0 -

1M -

1M -

0 -

607M -

131M -

476M -

482M -

(6M) -

0 -

0 -

0 -

(911M) (1.1B)

-30.89% -20.64%

-2.15% -2.84%

224M 107M

0 0

1.67B 1.64B

2.58B 540M

Documents

Nokia Financials