10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000008858-17-000072 |
| Period End Date | 20170930 |
| Filing Date | 20171030 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | avt-20170930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts receivable, current (in dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$47.27M | USD | Point-in-time |
| Allowance for doubtful accounts receivable, current (in dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$49.51M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.03B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.20B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$539.68M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$836.38M | USD | Point-in-time |
| Marketable securities |
TradingSecuritiesEquity
|
$281.33M | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Marketable securities |
TradingSecuritiesEquity
|
$197.95M | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
300.00M | shares | Point-in-time |
| Receivables, less allowances of $49,505 and $47,272, respectively |
AccountsReceivableNetCurrent
|
$3.34B | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
300.00M | shares | Point-in-time |
| Receivables, less allowances of $49,505 and $47,272, respectively |
AccountsReceivableNetCurrent
|
$3.42B | USD | Point-in-time |
| Common stock, shares, issued |
CommonStockSharesIssued
|
121.24M | shares | Point-in-time |
| Inventories |
InventoryNet
|
$2.82B | USD | Point-in-time |
| Common stock, shares, issued |
CommonStockSharesIssued
|
123.08M | shares | Point-in-time |
| Inventories |
InventoryNet
|
$3.13B | USD | Point-in-time |
| Prepaid and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$253.76M | USD | Point-in-time |
| Prepaid and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$261.60M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$7.53B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$7.55B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$510.30M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$519.58M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.18B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.15B | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$277.29M | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$290.96M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$220.57M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$248.20M | USD | Point-in-time |
| Total assets |
Assets
|
$9.70B | USD | Point-in-time |
| Total assets |
Assets
|
$9.77B | USD | Point-in-time |
| Short-term debt |
DebtCurrent
|
$195.50M | USD | Point-in-time |
| Short-term debt |
DebtCurrent
|
$50.11M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.86B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.92B | USD | Point-in-time |
| Accrued expenses and other |
AccruedLiabilitiesCurrent
|
$542.02M | USD | Point-in-time |
| Accrued expenses and other |
AccruedLiabilitiesCurrent
|
$598.46M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.45B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.71B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.50B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.73B | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$334.54M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$322.21M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.53B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.52B | USD | Point-in-time |
| Commitments and contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock $1.00 par; authorized 300,000,000 shares; issued 121,235,396 shares and 123,080,952 shares, respectively |
CommonStockValue
|
$123.08M | USD | Point-in-time |
| Common stock $1.00 par; authorized 300,000,000 shares; issued 121,235,396 shares and 123,080,952 shares, respectively |
CommonStockValue
|
$121.23M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.51B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.50B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$3.77B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$3.80B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-154.08M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-243.87M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$5.18B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$5.24B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$9.70B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$9.77B | USD | Point-in-time |
Income Statement
45 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Sales |
SalesRevenueNet
|
$4.66B | USD | 1 Quarter |
| Sales |
SalesRevenueNet
|
$4.12B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$4.05B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$3.60B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$612.55M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$522.65M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$496.21M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$363.67M | USD | 1 Quarter |
| Restructuring, integration and other expenses |
RestructuringIntegrationAndOtherCharges
|
$29.47M | USD | 1 Quarter |
| Restructuring, integration and other expenses |
RestructuringIntegrationAndOtherCharges
|
$46.39M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$129.51M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$69.95M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-13.73M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$15.58M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$27.24M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$24.06M | USD | 1 Quarter |
| Income from continuing operations before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$61.47M | USD | 1 Quarter |
| Income from continuing operations before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$88.54M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$20.86M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$3.29M | USD | 1 Quarter |
| Income from continuing operations, net of tax |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$58.18M | USD | 1 Quarter |
| Income from continuing operations, net of tax |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$67.69M | USD | 1 Quarter |
| Income from discontinued operations, net of tax |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$121.00K | USD | 1 Quarter |
| Income from discontinued operations, net of tax |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$1.16M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$58.30M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$68.84M | USD | 1 Quarter |
| Basic earnings per share-continuing operations |
IncomeLossFromContinuingOperationsPerBasicShare
|
$0.48 | USD | 1 Quarter |
| Basic earnings per share-continuing operations |
IncomeLossFromContinuingOperationsPerBasicShare
|
$0.53 | USD | 1 Quarter |
| Basic earnings per share-discontinued operations |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
|
- | USD | 1 Quarter |
| Basic earnings per share-discontinued operations |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
|
$0.01 | USD | 1 Quarter |
| Basic earnings per share |
EarningsPerShareBasic
|
$0.48 | USD | 1 Quarter |
| Basic earnings per share |
EarningsPerShareBasic
|
$0.54 | USD | 1 Quarter |
| Diluted earnings per share-continuing operations |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$0.52 | USD | 1 Quarter |
| Diluted earnings per share-continuing operations |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$0.47 | USD | 1 Quarter |
| Diluted earnings per share-discontinued operations |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
|
$0.01 | USD | 1 Quarter |
| Diluted earnings per share-discontinued operations |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
|
- | USD | 1 Quarter |
| Diluted earnings per share |
EarningsPerShareDiluted
|
$0.47 | USD | 1 Quarter |
| Diluted earnings per share |
EarningsPerShareDiluted
|
$0.53 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
127.53M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
122.69M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
123.98M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
129.76M | shares | 1 Quarter |
| Cash dividends paid per common share |
CommonStockDividendsPerShareCashPaid
|
$0.17 | USD | 1 Quarter |
| Cash dividends paid per common share |
CommonStockDividendsPerShareCashPaid
|
$0.18 | USD | Point-in-time |
| Cash dividends paid per common share |
CommonStockDividendsPerShareCashPaid
|
$0.18 | USD | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$58.30M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$68.84M | USD | 1 Quarter |
| Less: Income from discontinued operations, net of tax |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$121.00K | USD | 1 Quarter |
| Less: Income from discontinued operations, net of tax |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$1.16M | USD | 1 Quarter |
| Income from continuing operations |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$58.18M | USD | 1 Quarter |
| Income from continuing operations |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$67.69M | USD | 1 Quarter |
| Depreciation |
DepreciationNonproduction
|
$38.26M | USD | 1 Quarter |
| Depreciation |
DepreciationNonproduction
|
$19.69M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$25.51M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$1.93M | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-6.41M | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$23.44M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$8.61M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$17.58M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-4.90M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-10.71M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$32.41M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$64.59M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-182.24M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$267.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$37.25M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$-164.78M | USD | 1 Quarter |
| Accrued expenses and other, net |
IncreaseDecreaseInAccruedLiabilities
|
$33.52M | USD | 1 Quarter |
| Accrued expenses and other, net |
IncreaseDecreaseInAccruedLiabilities
|
$22.14M | USD | 1 Quarter |
| Net cash flows (used) provided by operating activities - continuing operations |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$110.41M | USD | 1 Quarter |
| Net cash flows (used) provided by operating activities - continuing operations |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-127.99M | USD | 1 Quarter |
| Net cash flows used by operating activities - discontinued operations |
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
$-110.55M | USD | 1 Quarter |
| Net cash flows used by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-127.99M | USD | 1 Quarter |
| Net cash flows used by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-136.00K | USD | 1 Quarter |
| Repayment of notes |
RepaymentsOfUnsecuredDebt
|
$300.00M | USD | 1 Quarter |
| Borrowings (repayments) under accounts receivable securitization, net |
ProceedsFromRepaymentsOfAccountsReceivableSecuritization
|
$-150.26M | USD | 1 Quarter |
| Borrowings (repayments) under accounts receivable securitization, net |
ProceedsFromRepaymentsOfAccountsReceivableSecuritization
|
$28.00M | USD | 1 Quarter |
| Borrowings (repayment) of senior unsecured credit facility, net |
ProceedsFromRepaymentsOfNotesPayable
|
$-92.47M | USD | 1 Quarter |
| Borrowings (repayments) under bank credit facilities and other debt, net |
ProceedsFromRepaymentsOfDebt
|
$-24.89M | USD | 1 Quarter |
| Borrowings (repayments) under bank credit facilities and other debt, net |
ProceedsFromRepaymentsOfDebt
|
$669.80M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$68.11M | USD | 1 Quarter |
| Dividends paid on common stock |
PaymentsOfDividendsCommonStock
|
$21.68M | USD | 1 Quarter |
| Dividends paid on common stock |
PaymentsOfDividendsCommonStock
|
$22.01M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$682.00K | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-579.00K | USD | 1 Quarter |
| Net cash flows (used) provided by financing activities - continuing operations |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-180.06M | USD | 1 Quarter |
| Net cash flows (used) provided by financing activities - continuing operations |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$198.54M | USD | 1 Quarter |
| Net cash flows used by financing activities - discontinued operations |
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
$-4.76M | USD | 1 Quarter |
| Net cash flows (used) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-180.06M | USD | 1 Quarter |
| Net cash flows (used) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$193.79M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$34.73M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$26.66M | USD | 1 Quarter |
| Acquisitions of business, net of cash acquired (Note 2) |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$14.66M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-432.00K | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-1.21M | USD | 1 Quarter |
| Net cash flows used for investing activities - continuing operations |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-40.11M | USD | 1 Quarter |
| Net cash flows used for investing activities - continuing operations |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-34.30M | USD | 1 Quarter |
| Net cash flows provided (used) by investing activities - discontinued operations |
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
$-95.00K | USD | 1 Quarter |
| Net cash flows provided (used) by investing activities - discontinued operations |
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
$45.39M | USD | 1 Quarter |
| Net cash flows provided (used) by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-34.39M | USD | 1 Quarter |
| Net cash flows provided (used) by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$5.28M | USD | 1 Quarter |
| Effect of currency exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$5.81M | USD | 1 Quarter |
| Effect of currency exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$6.07M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$165.07M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-296.70M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.03B | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.20B | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$539.68M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$836.38M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.03B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.20B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$539.68M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$836.38M | USD | Point-in-time |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$58.30M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$68.84M | USD | 1 Quarter |
| Foreign currency translation adjustments and other |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$88.84M | USD | 1 Quarter |
| Foreign currency translation adjustments and other |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$31.66M | USD | 1 Quarter |
| Pension adjustments, net |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-619.00K | USD | 1 Quarter |
| Pension adjustments, net |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-939.00K | USD | 1 Quarter |
| Total comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$101.12M | USD | 1 Quarter |
| Total comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$148.09M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.