10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000008858-18-000069 |
| Period End Date | 20180930 |
| Filing Date | 20181108 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | avt-20180929.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts receivable, current (in dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$48.96M | USD | Point-in-time |
| Allowance for doubtful accounts receivable, current (in dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$49.65M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$365.85M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$621.12M | USD | Point-in-time |
| Receivables, less allowances of $49,645 and $48,959, respectively |
AccountsReceivableNetCurrent
|
$3.68B | USD | Point-in-time |
| Receivables, less allowances of $49,645 and $48,959, respectively |
AccountsReceivableNetCurrent
|
$3.64B | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Inventories |
InventoryNet
|
$3.40B | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
300.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
300.00M | shares | Point-in-time |
| Inventories |
InventoryNet
|
$3.14B | USD | Point-in-time |
| Common stock, shares, issued |
CommonStockSharesIssued
|
113.03M | shares | Point-in-time |
| Prepaid and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$114.43M | USD | Point-in-time |
| Common stock, shares, issued |
CommonStockSharesIssued
|
115.83M | shares | Point-in-time |
| Prepaid and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$206.51M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$7.56B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$7.61B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$525.87M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$522.91M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$982.31M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$980.87M | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$199.38M | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$219.91M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$188.23M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$262.55M | USD | Point-in-time |
| Total assets |
Assets
|
$9.45B | USD | Point-in-time |
| Total assets |
Assets
|
$9.60B | USD | Point-in-time |
| Short-term debt |
DebtCurrent
|
$10.63M | USD | Point-in-time |
| Short-term debt |
DebtCurrent
|
$165.38M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.35B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.27B | USD | Point-in-time |
| Accrued expenses and other |
AccruedLiabilitiesCurrent
|
$501.44M | USD | Point-in-time |
| Accrued expenses and other |
AccruedLiabilitiesCurrent
|
$534.60M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.97B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.86B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.49B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.55B | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$413.15M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$453.08M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.83B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.91B | 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 113,030,625 shares and 115,825,062 shares, respectively |
CommonStockValue
|
$113.03M | USD | Point-in-time |
| Common stock $1.00 par; authorized 300,000,000 shares; issued 113,030,625 shares and 115,825,062 shares, respectively |
CommonStockValue
|
$115.83M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.55B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.53B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$3.14B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$3.24B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-195.35M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-185.79M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$4.69B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$4.62B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$9.45B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$9.60B | USD | Point-in-time |
Income Statement
45 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$4.66B | USD | 1 Quarter |
| Sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$5.09B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$4.05B | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$4.45B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$636.75M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$612.55M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$501.59M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$475.15M | USD | 1 Quarter |
| Restructuring, integration and other expenses |
RestructuringIntegrationAndOtherCharges
|
$46.39M | USD | 1 Quarter |
| Restructuring, integration and other expenses |
RestructuringIntegrationAndOtherCharges
|
$14.79M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$146.82M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$64.57M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$18.92M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-1.89M | USD | 1 Quarter |
| Interest and other financing expenses, net |
InterestExpense
|
$30.09M | USD | 1 Quarter |
| Interest and other financing expenses, net |
InterestExpense
|
$22.02M | USD | 1 Quarter |
| Income from continuing operations before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$114.83M | USD | 1 Quarter |
| Income from continuing operations before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$61.47M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$31.30M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$3.29M | USD | 1 Quarter |
| Income from continuing operations, net of tax |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$83.53M | USD | 1 Quarter |
| Income from continuing operations, net of tax |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$58.18M | USD | 1 Quarter |
| Income from discontinued operations, net of tax |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$195.00K | USD | 1 Quarter |
| Income from discontinued operations, net of tax |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$121.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$58.30M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$83.72M | USD | 1 Quarter |
| Basic earnings per share-continuing operations |
IncomeLossFromContinuingOperationsPerBasicShare
|
$0.48 | USD | 1 Quarter |
| Basic earnings per share-continuing operations |
IncomeLossFromContinuingOperationsPerBasicShare
|
$0.73 | USD | 1 Quarter |
| Basic earnings per share-discontinued operations |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
|
- | USD | 1 Quarter |
| Basic earnings per share-discontinued operations |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
|
- | USD | 1 Quarter |
| Basic earnings per share |
EarningsPerShareBasic
|
$0.73 | USD | 1 Quarter |
| Basic earnings per share |
EarningsPerShareBasic
|
$0.48 | USD | 1 Quarter |
| Diluted earnings per share-continuing operations |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$0.72 | USD | 1 Quarter |
| Diluted earnings per share-continuing operations |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$0.47 | USD | 1 Quarter |
| Diluted earnings per share-discontinued operations |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
|
- | 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
|
$0.72 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
115.26M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
122.69M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
116.47M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
123.98M | shares | 1 Quarter |
| Cash dividends paid per common share |
CommonStockDividendsPerShareCashPaid
|
$0.20 | USD | Point-in-time |
| Cash dividends paid per common share |
CommonStockDividendsPerShareCashPaid
|
$0.20 | USD | 1 Quarter |
| Cash dividends paid per common share |
CommonStockDividendsPerShareCashPaid
|
$0.18 | USD | 1 Quarter |
Cash Flow Statement
67 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$58.30M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$83.72M | USD | 1 Quarter |
| Less: Income from discontinued operations, net of tax |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$195.00K | USD | 1 Quarter |
| Less: Income from discontinued operations, net of tax |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$121.00K | USD | 1 Quarter |
| Income from continuing operations |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$83.53M | USD | 1 Quarter |
| Income from continuing operations |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$58.18M | USD | 1 Quarter |
| Depreciation |
DepreciationNonproduction
|
$25.39M | USD | 1 Quarter |
| Depreciation |
DepreciationNonproduction
|
$38.26M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$25.51M | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$20.81M | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$23.44M | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-36.83M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$9.04M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$8.61M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-4.90M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-14.99M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$19.29M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$32.41M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$267.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$269.65M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$37.25M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$95.12M | USD | 1 Quarter |
| Accrued expenses and other, net |
IncreaseDecreaseInAccruedLiabilities
|
$22.14M | USD | 1 Quarter |
| Accrued expenses and other, net |
IncreaseDecreaseInAccruedLiabilities
|
$-81.75M | USD | 1 Quarter |
| Net cash flows used for operating activities - continuing operations |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-127.99M | USD | 1 Quarter |
| Net cash flows used for operating activities - continuing operations |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-84.98M | USD | 1 Quarter |
| Net cash flows used for operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-127.99M | USD | 1 Quarter |
| Net cash flows used for operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-84.98M | USD | 1 Quarter |
| Borrowings (repayments) under accounts receivable securitization, net |
ProceedsFromRepaymentsOfAccountsReceivableSecuritization
|
$-40.00M | USD | 1 Quarter |
| Borrowings (repayments) under accounts receivable securitization, net |
ProceedsFromRepaymentsOfAccountsReceivableSecuritization
|
$28.00M | USD | 1 Quarter |
| Repayments under senior unsecured credit facility, net |
ProceedsFromRepaymentsOfNotesPayable
|
$-92.47M | USD | 1 Quarter |
| Repayments under senior unsecured credit facility, net |
ProceedsFromRepaymentsOfNotesPayable
|
$-50.33M | USD | 1 Quarter |
| Repayments under bank credit facilities and other debt, net |
ProceedsFromRepaymentsOfDebt
|
$-1.22M | USD | 1 Quarter |
| Repayments under bank credit facilities and other debt, net |
ProceedsFromRepaymentsOfDebt
|
$-24.89M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$68.11M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$149.09M | USD | 1 Quarter |
| Dividends paid on common stock |
PaymentsOfDividendsCommonStock
|
$22.93M | USD | 1 Quarter |
| Dividends paid on common stock |
PaymentsOfDividendsCommonStock
|
$22.01M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$17.33M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-579.00K | USD | 1 Quarter |
| Net cash flows used for financing activities - continuing operations |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-180.06M | USD | 1 Quarter |
| Net cash flows used for financing activities - continuing operations |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-246.25M | USD | 1 Quarter |
| Net cash flows used for financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-180.06M | USD | 1 Quarter |
| Net cash flows used for financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-246.25M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$26.66M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$41.01M | USD | 1 Quarter |
| Acquisitions of businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$14.66M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-65.00K | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-1.21M | USD | 1 Quarter |
| Net cash flows used for investing activities - continuing operations |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-40.94M | USD | 1 Quarter |
| Net cash flows used for investing activities - continuing operations |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-40.11M | USD | 1 Quarter |
| Net cash flows provided by investing activities - discontinued operations |
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
$45.39M | USD | 1 Quarter |
| Net cash flows provided by investing activities - discontinued operations |
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
$120.00M | USD | 1 Quarter |
| Net cash flows provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$79.06M | USD | 1 Quarter |
| Net cash flows provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$5.28M | USD | 1 Quarter |
| Effect on currency exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$-3.11M | USD | 1 Quarter |
| Effect on currency exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$6.07M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-296.70M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-255.27M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$836.38M | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$539.68M | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$621.12M | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$365.85M | USD | Point-in-time |
| Cash and cash equivalents at end of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$836.38M | USD | Point-in-time |
| Cash and cash equivalents at end of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$539.68M | USD | Point-in-time |
| Cash and cash equivalents at end of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$621.12M | USD | Point-in-time |
| Cash and cash equivalents at end of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$365.85M | 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
|
$83.72M | USD | 1 Quarter |
| Foreign currency translation and other |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$8.80M | USD | 1 Quarter |
| Foreign currency translation and other |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$88.84M | USD | 1 Quarter |
| Pension adjustments, net |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-756.00K | USD | 1 Quarter |
| Pension adjustments, net |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-939.00K | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$93.28M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$148.09M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.