Lexmark 2011 Annual Report Download - page 35

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expenses. Amortization of intangible assets is included in Cost of revenue and Selling, general and administrative in the
amount of $9.1 million and $2.9 million, respectively. Other acquisition-related costs and integration expenses are included
in Selling, general and administrative.
(2) Amounts in 2011 include restructuring-related charges and project costs of $29.9 million. Restructuring-related charges of
$4.5 million and $2.4 million related to accelerated depreciation on certain fixed assets are included in Cost of revenue and
Selling, general and administrative, respectively. Restructuring-related charges of $4.6 million relating to the impairment of
long lived assets held for sale are included in Selling, general and administrative. Restructuring-related charges of $2.0
million relating to employee termination benefits and contract termination charges are included in Restructuring and related
charges. Project costs of $0.7 million are included in Cost of revenue, and $15.7 million are included in Selling, general and
administrative.
Amounts in 2010 include restructuring-related charges and project costs of $38.6 million. Restructuring-related charges of
$4.1 million and $1.8 million related to accelerated depreciation on certain fixed assets are included in Cost of revenue and
Selling, general and administrative, respectively. Restructuring-related charges of $2.4 million relating to employee
termination benefits and contract termination charges are included in Restructuring and related charges. Project costs of
$13.3 million are included in Cost of revenue, and $17.0 million are included in Selling, general and administrative.
Amounts in 2009 include restructuring-related charges and project costs of $141.3 million. Restructuring-related charges of
$41.4 million and $0.1 million related to accelerated depreciation on certain fixed assets are included in Cost of revenue and
Selling, general and administrative, respectively. Restructuring-related charges of $70.6 million relating to employee
termination benefits and contract termination charges are included in Restructuring and related charges. Project costs of
$10.1 million are included in Cost of revenue, and $19.1 million are included in Selling, general and administrative.
Amounts in 2008 include restructuring-related charges and project costs of $92.7 million. Restructuring-related charges of
$27.2 million and $8.1 million related to accelerated depreciation on certain fixed assets are included in Cost of revenue and
Selling, general and administrative, respectively. Restructuring-related charges of $26.8 million relating to employee
termination benefits and contract termination charges are included in Restructuring and related charges. Project costs of
$15.3 million are included in Cost of revenue, and $15.3 million are included in Selling, general and administrative.
Amounts in 2007 include restructuring-related charges and project costs of $52.0 million. Restructuring-related charges of
$5.1 million relating to accelerated depreciation on certain fixed assets are included in Cost of revenue. Restructuring-
related charges of $25.7 million relating to employee termination benefit charges are included in Restructuring and related
charges. Project costs of $11.9 million and $9.3 million are included in Cost of revenue and Selling, general and
administrative, respectively.
(3) Amounts in 2011, 2010, 2009, 2008, and 2007 include $22.4 million, $19.4 million, $20.7 million, $32.8 million, and
$41.3 million, respectively, of pre-tax stock-based compensation expense.
(4) Amounts in 2007 include an $8.1 million pre-tax foreign exchange gain realized upon the substantial liquidation of the
Company’s Scotland entity.
(5) Amounts in 2010 include a $14.7 million benefit from discrete tax items mainly related to audits concluding, statutes expiring,
and true-ups of prior year tax returns.
Amounts in 2008 include an $11.6 million benefit from discrete tax items mainly related to audits concluding and statutes
expiring.
Amounts in 2007 include a $29.6 million benefit from discrete tax items mainly related to audits concluding, statutes expiring,
and true-ups of prior year tax returns.
(6) Cash flows from investing and financing activities, which are not presented, are integral components of total cash flow
activity.
(7) The debt to total capital ratio is computed by dividing total debt (which includes both short-term and long-term debt) by the
sum of total debt and stockholders’ equity.
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